Business Bank of Nevada Reports Continued Growth in First Quarter.

LAS VEGAS--(BUSINESS WIRE)--June 4, 1999--

Business Bank of Nevada (OTC BB:BBNV) reported continued growth for the period ended March 31, 1999, and the opening of its third branch in the fast-growing northwest area of Las Vegas.

In its First Quarter Report, the bank reported assets of $117 million, compared with $88 million for March 1998 and $108 million for December 1998. The bank's loan portfolio grew to $71 million, meeting expectations for the quarter, while deposits exceeded all expectations, reaching an all-time high of $106 million -- a 38 percent increase over the same period in 1998.

The bank also reported a gross profit of $164,922 before taxes, despite the additional expenses incurred in the opening of the new branch and legal expenses associated with the ATM cash diversion.

"The growth we continue to experience is a direct reflection of the continued disruption created by local bank mergers and acquisition, creating confusion in the local business and consumer market," noted Al Alvarez, president and chief executive officer of Business Bank of Nevada.

Alvarez reported that the bank will continue to take advantage of these opportunities, as other bank branches are closed and their clients relocated to less favorable locations.

The bank opened its third branch facility in January at the corner of Lake Mead Boulevard and Tenaya Way in northwest Las Vegas. In the first 60 days of operations, the bank's newest branch office reported deposits in excess of $6 million.

Business Bank of Nevada is an independent community bank with an emphasis on personalized service and products, such as its 24-hour automated telephone banking system and the expansion of its Business Express Courier service, which is available to business customers for transporting non-cash deposits and documentation for loans, deposit accounts and its merchant services.