Business Bank of Nevada Charitable Funding Focuses on Kids, Health and Human Services, and Enhancing Business Philanthropy.Business Editors LAS VEGAS--(BUSINESS WIRE)--Sept. 25, 2002 Business Bank of Nevada (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BBNV BBNV Business Bank of Nevada ) today announced that its charitable funding for the third quarter of this year focused on helping children with diabetes, underprivileged kids, and people with heart disease, as well as enhancing breast cancer awareness, and encouraging philanthropy among businesses in southern Nevada. The bank's financial and in-kind support during this timeframe exceeded $5,000 to a variety of nonprofit organizations in both the Las Vegas and Carson City areas. The charitable organizations helped by Business Bank's generosity include the Juvenile Diabetes Research Foundation The Juvenile Diabetes Research Foundation (JDRF) is the leading charitable funder and advocate of type 1 (juvenile) diabetes research worldwide. The mission of JDRF is to find a cure for diabetes and its complications through the support of research. Nevada Chapter, the American Heart Association American Heart Association (AHA), n.pr a national voluntary health agency that has the goal of increasing public and medical awareness of cardiovascular diseases and stroke, and thereby reducing the number of associated deaths and disabilities. Las Vegas Chapter, Soroptimist International Carson City Chapter, Boys and Girls boys and girls mercurialisannua. Club of Western Nevada, and the Business Community Investment Council. A number of the bank's management and staff are also involved in these charitable organizations serving as board members and event volunteers. "We have partnered with some wonderful nonprofit organizations that do a tremendous amount of good in the communities we serve," said Business Bank President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John Guedry. "Building better communities is what we're attempting to do both from a business standpoint as well as a philanthropic one. Developing strong public-private partnerships can help achieve those goals, and we're extremely proud of the community partnerships we've established over the last few years." Guedry added that he attributes a lot of the bank's success to its philanthropic outreach. "There is a very real and tangible return on the investment we make in the area of charitable giving, and while this is not the primary reason why we give, it does make good business sense to include philanthropy in your company's overall business plan." Business Bank's charitable giving is very strategic in its approach. The bank contributes financial assistance to nonprofit institutions and organizations that enhance the quality of life and promote public interest where the company conducts its business. The four main areas of the bank's giving include education, health and human services Noun 1. Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Department of Health and Human Services, HHS , community development, and arts and culture. The bank's funding guidelines also states that the bank must have an affiliation with the nonprofit group through board membership or volunteer support before it will consider the organization for a donation. The bank anticipates donating in excess of $25,000 this year in monetary, in-kind support and volunteer services to qualified nonprofit organizations in its market areas. The bank's overall giving generally falls between 1 and 2 percent of its after-tax profits, which is in line with the national average of what companies set aside for their charitable donation budget. About Business Bank Business Bank, with over $225.5 million in total assets as of June 30, 2002, is in its seventh year of operation and is one of the fastest-growing independent banks in Nevada. The bank has four branch offices in the state, with three in the Las Vegas area and one in Carson City. Business Bank is FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). insured and is 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, . Its stock is listed on the Over The Counter Bulletin Board (OTCBB) at ticker symbol BBNV. Additional information about Business Bank is available at www.bbnv.com. |
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