Printer Friendly founder purchases community bank.

M2 EQUITYBITES-July 2, founder purchases community bank


Global Banking News - 02 July 2019

Jeffrey Berns, the founder of blockchain incubation and investment firm, has purchased a small community bank in Las Vegas.

The purchase is expected to secure financing for Berns had earlier announced plans to construct a Reno-sized, blockchain-focused smart city and e-sports arena in the Nevada desert.

He said that the acquisition of Kirkwood Bank of Nevada would help him to achieve his ambitions.

Berns purchased the bank through a separate holding company.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U8NV
Date:Jul 2, 2019
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