Banking Industry Veteran, Stephen Schneider, Joins Vestin Group as Chief Operating Officer.Business Editors LAS VEGAS--(BUSINESS WIRE)--June 26, 2000 Vestin Group (formerly Sunderland Corporation) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DLMA DLMA DBF (difference in backfat thickness) and Loin Muscle Area DLMA Downtown-Lower Manhattan Association (New York) DLMA Dynamic Learning Matrix Algorithm (Shamp Bionics) ), today announced Stephen A. Schneider has joined the Company in the newly formed position of Chief Operations Officer, effective July 3, 2000. In his new position, Mr. Schneider, a Henderson, NV resident, will be responsible for the maintenance of all banking and finance relationships in the 15 states under the Vestin umbrella. He will also serve on Vestin's loan committee and assist in the creation of the Del Mar Foundation, a non-profit organization aimed at funding local charitable organizations. He brings more than 26 years of leadership experience in the financial services industry to Vestin. Most recently, Mr. Schneider was Vice President, Business Banking team leader at US Bank in Las Vegas, where he managed the bank's business banking arm, underwrote loans for companies with sales of $1 million to $10 million and maintained relationships with the bank's high profile business customers. Prior to US Bank, Mr. Schneider was affiliated with Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. in California, where he began his banking career in 1974. "We are delighted to have Stephen join Vestin Group," said Mike Shustek, Chairman and Chief Executive Officer of Vestin. "His extensive knowledge and experience will prove invaluable to our goal of developing a leading diversified financial services company." Mr. Schneider is a graduate of the American Bankers Association The American Bankers Association (ABA) is comprised of banks and other financial institutions. It seeks to promote the strength and profitability of the banking industry by Lobbying federal and state governments, building industry consensus on key issues, and providing products and Commercial Lending School in Norman, Okla. He earned a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in business administration (accounting) from the University of New Mexico The University of New Mexico (UNM) is a public university in Albuquerque, New Mexico. It was founded in 1889. It also offers multiple bachelor's, master's, doctoral, and professional degree programs in all areas of the arts, sciences, and engineering. in Albuquerque. He is a 1996 graduate of Leadership Las Vegas and sits on the boards of Focus Las Vegas and Leadership Las Vegas Youth. Schneider also serves on the board of directors of the Nevada Council on Economic Education, Robert Morris Associates, Las Vegas Valley Rose Society, Sigma Alpha Epsilon This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Alumni Association and Consumer Credit Counselors of Southern Nevada. About Vestin Group/Del Mar Mortgage Vestin Group is a publicly held company providing financial services throughout the United States. In the past, Vestin's principal business activity has been the offering of an Income Investment to private investors arising from the origination of short-term loans secured by real estate, primarily for commercial and residential developers. The Company is currently diversifying its operations to provide an array of financial services including income producing investments, financial consulting, corporate finance, Internet financial services, insurance and investment services. Vestin, through the Company's lending division, is one of the nation's largest lenders of private funds. Its largest subsidiary, Del Mar Mortgage, has facilitated more than $500 million in the last three years in lending transactions without the loss of principal or interest to any of its 4,500 investors. Del Mar Mortgage is a Las Vegas-based commercial lender that specializes in real estate related investments-the company finances residential and commercial construction, in addition to land acquisition and development and bridge-type loans. Del Mar represents its clients with an investment option called a Trust Deed A legal document that evidences an agreement of a borrower to transfer legal title to real property to an impartial third party, a trustee, for the benefit of a lender, as security for the borrower's debt. , sometimes referred to as a mortgage, which is a real estate secured transaction known for delivering a safe, secured, high return on investment. Del Mar was founded by Mike V. Shustek in 1993 with the purpose of searching out and developing investment opportunities for individuals, trusts, corporations and profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of plans though real state trust deeds. Certain statements contained herein are forward-looking statements that have been made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results in the future periods or plans for future periods to differ materially from those described herein as anticipated, believed or estimated. This release and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations Worldwide website at www.kcsa.com. |
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