LAS VEGAS, Dec. 15 /PRNewswire-FirstCall/ -- Business Bank of Nevada
(OTC Bulletin Board: BBNV) today announced that Tom Powers, vice president and
branch relationship manager of the Bank's Tropicana branch in Las Vegas, has
reached a significant milestone in his banking career. This month, Powers
celebrates his 50th year in banking, which he began as a field collector with
Universal C.I.T. Credit Corporation in New York City in 1954. (For an image
of Tom Powers, go to http://www.bbnv.com/tpowers.htm.)
A native of New York, Powers worked for C.I.T. for eight years before
taking a position with Philadelphia National Bank. After working for another
eight years with this bank, Powers and his family relocated to Las Vegas in
1971. Upon arriving in Las Vegas, Powers began serving as a branch manager
for Pioneer Citizens Bank, which was eventually acquired by Nevada State Bank.
His total length of service for Pioneer Citizens Bank, which was split into
two timeframes, was 12 years. Powers also worked for First Western Savings
Association, the old Valley Bank of Nevada, Continental National Bank, and
Bank of America Nevada.
"Tom is truly a banking icon in southern Nevada, and someone the entire
industry knows and respects both as a person and as a highly qualified
banker," said John Guedry, president and CEO of Business Bank of Nevada.
"There are very few bankers who have seen most, if not all, of the changes our
industry has gone through over the last three decades. Tom has seen all of
the mergers and acquisitions, the formation of dozens of community banks,
numerous regulatory changes, personnel shifts, and much more."
Guedry added that Tom has certainly developed a strong following of
customers during his tenure in banking who appreciate his old fashioned
approach to banking, which is treating his clients with respect and dignity.
"Tom's vast knowledge and understanding of the industry also endears his
customer to him. His customers like dealing with someone who's been around
the block a few times, and who will deal with them with the utmost honesty and
During Powers illustrious career, he has held virtually every position
imaginable. He has served as branch manager, loan officer, business
development officer, regional credit manager, fraud investigator, equipment
lending officer, credit card manager, and liaison with Ford Motor Credit
Company, consumer lending officer, and more. According to Powers, the most
rewarding part of his career are all of the people he's met and the wonderful
friendships he's developed over the past 50 years.
"I have been very blessed to work with some of the most wonderful people
throughout my career, and especially here in the Las Vegas area," Powers said.
"I've spent the better part of my career in southern Nevada and have grown to
enjoy this area very much. There's no other area in the country that offers
the professional and personal benefits that this area provides."
Powers added that while he hasn't thought about retiring yet, he does
wonder what retirement will be like following a lengthy career in banking. He
says when that day does come, he expects to spend more time with his family,
especially grandchildren, fishing and traveling.
Powers graduated from the La Salle Military Academy in 1951, and upon
graduation enlisted in the Army for three years. He served in the 40th
Infantry Division as a Platoon Sergeant during the Korean War. Powers
received three Battle Stars and a Combat Infantry Badge. After an honorable
discharge, Powers attended Seton Hall University.
Powers received three certifications from the National Consumer Compliance
School of Banking at the University of Oklahoma's American Institute of
Banking (AIB). Throughout his banking career in Las Vegas, Powers has taught
numerous AIB banking courses at the Clark County Community College, which is
now the Community College of Southern Nevada. He's also been very active in
the community serving on a number of trade and nonprofit organizations,
including the Las Vegas, North Las Vegas and Asian Chambers, Rotary, United
Way of Southern Nevada, and many more.
About Business Bank
Business Bank, with $374.5 million in total assets as of September 30,
2004, is in its tenth year of operation and is one of the fastest-growing
independent banks in Nevada. The Bank has six branch offices in the state,
with three in the Las Vegas area, one in Reno, one in Carson City, and one in
Minden. The Bank also has a Loan Production Office (LPO) at Stateline in
South Lake Tahoe. Business Bank is FDIC Insured and is a member of the
Federal Reserve Bank of San Francisco. Its stock is listed on the Over The
Counter Bulletin Board (OTCBB) at ticker symbol BBNV. Additional information
about Business Bank is available on the Bank's Web site at www.bbnv.com.
Contact: Paul C. Stowell
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SOURCE Business Bank of Nevada