Awad and Alvarez Elected to Lead Business Bank of Nevada.LAS VEGAS--(BUSINESS WIRE)--June 3, 1999-- At consecutive annual meetings of the Business Bank Corporation, the Business Bank of Nevada's holding company, and the Business Bank of Nevada (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BBNV BBNV Business Bank of Nevada ), the Board of Directors named Jason Awad, Esq., Chairman of the Board of the bank and the holding company. Al Alvarez Al Alvarez (born London, August 5 1929) is an English poet, writer and critic who publishes under the name A. Alvarez and Al Alvarez. Born Alfred Alvarez was re-elected the President/CEO for both entities. Awad, a long-time resident of Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , has been a member of the bank's Board of Directors since its inception. Al Alvarez has served as the President/CEO for the Business Bank of Nevada since its inception and has served in the same capacity for the bank's holding company since its creation last year. The Board of Directors of the Business Bank of Nevada (OTC:BBNV), also restated their articles of incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. and amended the bank's by-laws include provisions that would require anyone trying to purchase the bank to bring their proposal before the Board of Directors for approval. This by-law will make it very difficult in the event an entity attempted to purchase the bank without the proper and equal consideration of all the shareholders. Business Bank of Nevada is an independent community bank with an emphasis on business banking. The bank currently has more than $120 million in assets and operates three branches in the Las Vegas area. |
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