Business Bank of Nevada Appoints Executive Vice President.Business Editors LAS VEGAS--(BUSINESS WIRE)--March 6, 2000 Business Bank of Nevada (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BBNV BBNV Business Bank of Nevada ) today announced the appointment of Larry Charlton as the bank's executive vice president, chief financial officer and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Charlton has more than 25 years' experience in the banking industry, most recently 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. as senior vice president and manager of Consumer Bank Cash Control, with departments in Charlotte, N.C., and Las Vegas overseeing cash levels in 4,800 centers in 22 states. Charlton started his banking career in Nevada in 1974 with Valley Bank of Nevada, the predecessor of what is today Bank of America Nevada. In his 25 years of banking, Charlton has been responsible for managing a variety of important segments of banking operations, including commercial banking services, treasures management services, cash vaults and national cash inventory, as well as holding positions as both a consumer and commercial lender. In addition to regular duties, Charlton participated on Bank of America's Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 Cash Demand Monitoring Team, which set policy, procedures, contingency plans and monitoring systems for cash levels throughout 22 states. Prior to joining Valley Bank of Nevada, Charlton served as assistant to the vice president of Real Estate at a mortgage banking/insurance/real estate firm in Memphis, Tenn. Business Bank of Nevada is in its fifth year of operations and is one of the fastest growing independent commercial banks in the state. It is currently reporting assets in excess of $130 million. Last November, the bank became a member of the Federal Reserve Bank of San Francisco The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, . In December, Business Bank of Nevada opened its fourth branch office in Carson City as it made its first move into northern Nevada. Plans call for additional branches in northern Nevada in the near future. Since the Bank's opening, it has been recognized as a SBA Preferred Lender by the Federal Small Business Administration. Statements in this news release that express "belief," "intention," "expectation" or "prospects," as well as other statements that are not historical fact, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and involve certain risks and uncertainties. |
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