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Article: Las Vegas Business Bank Declares Stock Split.
- Article from:
- Business Wire
- Article date:
- April 17, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LAS VEGAS--(BUSINESS WIRE)--April 17, 1998--Las Vegas Business Bank (OTC:LVBB) Friday announced that its board of directors has declared a 5-for-4 stock split to be effective for shareholders of record at the close of business on April 16, 1998.
The bank began public trading Over the Counter at $12 per share under the symbol LVBB in September 1997. The bank's stock closed at $22 on April 16, 1998.
"We are very pleased with the bank's 1997 financial performance and the continued growth in our deposits and loan portfolio," said David Rogers, the bank's chairman of the board.
Al Alvarez, president and chief executive officer, said: ...