Business Bank of Nevada Branch Manager Tom Powers Reaches Milestone in His Career; Celebrates 50 Years in Banking
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.) (Logo: http://www.newscom.com/cgi-bin/prnh/20021018/BBNVLOGO) 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 integrity." 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 702-952-4415 firstname.lastname@example.org Available Topic Expert(s): For information on the listed expert(s), click appropriate link. John Guedry http://www.profnet.com/ud_public.jsp?userid=423639
SOURCE Business Bank of Nevada
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