Business Bank of Nevada and Its Employees Donate Over $10,000 to the United Way of Southern Nevada Campaign; Donation Sets Record.Business Editors LAS VEGAS--(BUSINESS WIRE)--June 14, 2002 Business Bank of Nevada (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BBNV BBNV Business Bank of Nevada ) today announced that it has contributed $10,401 to the 2001-2002 United Way of Southern Nevada Campaign, which is the most money the bank has ever raised for this southern Nevada nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. . The bank's contribution to this year's United Way campaign was a 55 percent increase over last year's campaign, which raised more than $6,714. "Our contribution to United Way is a reflection of the caring, community-minded employees we have working at Business Bank," said Larry Charlton, executive vice president and chief financial/operations officer of the bank, and member of the United Way Board of Directors. "Whether it's United Way, Juvenile Diabetes juvenile diabetes n. Insulin-dependent diabetes. , 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. , Opportunity Village or the other nonprofit groups we support, our employees are always there for us and the communities we serve." Charlton added that perhaps the most impressive part of this year's campaign contribution to United Way was that the amount of money the bank was able to raise came from such a small employee base. Business Bank only has 55 employees in southern Nevada, and when you divide that number by the bank's campaign contribution of $10,401, it represents about $182 per employee. "We couldn't be more pleased with Business Bank's contribution and generous support from both the bank and its employees," said Jim Kropid, executive director for United Way of Southern Nevada. "It's this kind of leadership and commitment displayed by Business Bank to our community that we would like to see from all of the companies doing business in our market area. With increased support from caring companies like Business Bank, we could fund a lot more agencies and programs, which ultimately would help a greater number of families and individuals who desperately need a helping hand with the challenges of life." Business Bank's Charlton has served on United Way's Board of Directors for the past five years, and has been a member of the organization's executive board for three years. He also serves on the organization's agency allocations committee, which determines the amount of money accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. United Way agencies will receive each year. Charlton is also chairman-elect of the nonprofit group's board of directors, and takes over as chairman in July 2003. He will also be co-chairing the 2002-2003 United Way campaign. 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 four main areas of the bank's charitable 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. About United Way United Way of Southern Nevada funds more than 150 local programs devoted to ensuring basic human needs, improving the lives of children, families and the elderly and promoting the health and wellness of local residents. For more information on United Way of Southern Nevada, call (702) 734-CARE or visit its Web site at www.uwaysn.org. About Business Bank Business Bank, with over $202 million in total assets as of March 31, 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 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. Additional information about Business Bank is available at www.bbnv.com. |
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