Business Bank posts record profits; coin collector group prints second journal | NevadaAppeal.com

Business Bank posts record profits; coin collector group prints second journal

Becky Bosshart
Appeal Staff Writer

Business Bank Corp., the parent company of Business Bank of Nevada (OTCBB: BBNV), posted record unaudited net after-tax profits for the third quarter. The amount was nearly $1.7 million, or 81 cents per share for the three months ending in September. This is compared to $737,000, or 39 cents per share for the same quarter a year ago, a 130 percent increase in the company’s overall net after-tax earnings from 2004 to 2005.

It also reported record year-to-date net after-tax earnings for the first nine months of 2005 at about $3.8 million, or $1.85 per share ending in September. This is compared to $2 million, or $1.11 per share, for the same time period last year, representing an 82 percent increase in the company’s overall earnings.

The Carson City Coin Collectors of America has printed its second issue of the group’s quarterly journal, Curry’s Chronicle. The issue was sent to 200 group members.

Articles were contributed by club members and topics included personal experiences of how a few members became interested in Carson City coins. It also included insights into the metallurgical analysis of coins.

Founder, president and journal editor Rusty Goe contributed an article profiling gold coins from the Carson Mint.

“There has never been this much information concerning the Carson City Mint in any single periodical,” said Goe. “You would need to refer to one of the books written on the subject to delve any deeper.”

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To join the Carson City Coin Collectors of America, write P. O. Box 16776, Boise, ID, 83715-6776, and send the first year’s dues of $20.

For information contact Marie Goe of Southgate Coins at 322-4455.

Kiley Ranch Communities named Richard Hamilton as vice president of finance, Frank Terrasas as vice president of operations and Megan Kiley as project historian.

Hamilton oversees all financial affairs, including financial planning, accounting and reporting, cash forecasting, budgeting and lender relations.

Terrasas oversees all operational coordination for the company. He works with engineers, trade partners, consultants, builders, as well as city officials. Terrasas follows up on all project details, ensuring that all project deadlines are met, and chairs the Design Review Committee.

Kiley, a 1996 graduate of the University of Nevada Reno in social work,, is an extensive world traveler and has journeyed to all areas of Europe, Puerto Rico, the Caribbean, the British Isles, and the Czech Republic. Her work experience includes cruise ship photographer and regional trainer for Chili’s Bar and Grill restaurants. Most recently, Kiley worked as a social worker for the Washoe County Child Protective Services.

Sperry Van Ness commercial real estate adviser Derrick Parish has received the Certified Commercial Investment Member title.

The designation is offered to commercial advisers that have completed more than 200 hours of training and testing. Parish received the award pin and designation in Arizona and now joins more than 7,600 CCIM members worldwide.

“Receiving the CCIM designation is one of the highest achievements in my career in commercial real estate,” said Parish. “The designation is a result of many hours of study and testing, and with the award, I can better serve my investment clients.”

For the second consecutive year, the federal government has selected a Nevada mining project to be recognized for sustainable development efforts.

“The success of Nevada mines is dependent on the success of Nevada communities and vice versa,” said Russ Fields, president of the Nevada Mining Association. “Nevada was built on mining, and the mines take their relationship with Nevada seriously, taking unprecedented steps to be more environmentally and economically responsible in the communities that support them.”

Bureau of Land Management Director Kathleen Clarke recently announced that Newmont Mining Corp.’s Eastern Nevada operations is the recipient of the 2005 Hardrock Community Outreach and Economic Security Award. Newmont developed a community investment program that focused on meeting the needs of the local communities in which it operates by assisting youth programs, education, recreation, art, culture and history, environment, health, welfare, underserved populations and overall civic enhancement.

“Newmont’s efforts are among the many shining examples of the emphasis that the Nevada mining industry places on its alliance with Nevadans and the environment,” said Fields.

n Contact reporter Becky Bosshart at bbosshart@nevadaappeal.com or 881-1212.