Business Bank of Nevada Donates Computers and Cash to a Local School and Nonprofit Agency.Business Editors LAS VEGAS--(BUSINESS WIRE)--June 14, 2001 New Horizons Academy and M.A.S.H. Village have received some much-needed help from Business Bank of Nevada. The Bank announced today that it has donated computer screens, hard drives and keyboards to both organizations, along with a $1,000 donation to M.A.S.H. Village for their capital campaign to build a new medical and transitional living Transitional Living for Drug and Alcohol Rehabilitation Transitional living is a restructuring of an old concept. The early centers for living were known as Halfway or Three-Quarter houses and usually were in existence for the provision of shelter for people who were facility for homeless families. The increase in its student population has created a need for more computer equipment at New Horizons Academy, located at 6701 West Charleston between Rainbow and Torrey Pines Torrey Pines can refer to:
The homeless facility, located at 1559 North Main Street in Las Vegas, uses computers to provide its clients with job retraining re·train tr. & intr.v. re·trained, re·train·ing, re·trains To train or undergo training again. re·train skills and access to employment opportunities. "We greatly appreciate Business Bank's generosity and commitment to helping homeless families in our area get back on their feet," said Dean Collins, vice president of development for M.A.S.H. Village. "If more companies would follow Business Bank's lead, M.A.S.H. Village could finally secure the land it needs and build the necessary facility to adequately take care of a growing population in our community." Collins added that Business Bank's support goes well beyond its donation. The bank also has one of its executives serving on the board of directors for M.A.S.H. Village. "This involvement speaks volumes of the bank's commitment to our organization, as well as the Las Vegas community." The bank is also involved in New Horizons Academy through the wife of one of its board members. Karen Schroeder, wife of Dr. Russ Schroeder, sits on the board of directors of New Horizons Academy. She has been affiliated with this board for the past several years. Business Bank's policy towards donating money to nonprofit organizations requires that the bank will first look at funding charitable causes and groups that its employees are involved in before it looks at other requests. This year, the bank anticipates donating approximately $25,000 in cash, in-kind and volunteer support to qualified nonprofit groups in those markets where it does business. The bank's philanthropic budget is estimated at one percent of the bank's after-tax profits. "Giving back to a community that has been so supportive of us and helping kids and homeless families is an easy decision for us to make," 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. "New Horizons Academy and M.A.S.H. Village are the types of community organizations we enjoy supporting. These are the types of public-private partnerships that will help create stronger, more vibrant communities." Business 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 primary focus of the bank's giving is 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. Business Bank, with more than $190 million in total assets, is in its sixth year of operation and is one of the fastest-growing independent banks in the state. The bank has four branch offices in Nevada, 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 over the counter (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ) at ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors BBNV BBNV Business Bank of Nevada . For more information about Business Bank or possible career opportunities, visit the bank's Web site at www.bbnv.com. |
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