ZZZ - GMG - VEGAS INC 2011-2014

October 03, 2011

VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more

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IN BUSINESS THE ECONOMY BANK OF AMERICA EXPANDS SMALL-BUSINESS LENDING STAFF IN VEGAS Southern Nevada's economy is By Steve Green senior staff writer Bank of America announced recently that it has beefed up its small-business lending staff in Las Vegas with the hiring of 13 small-business bankers. Five more will be hired throughout Nevada next year as part of an initiative to hire about 1,000 small-business bankers nationwide, the bank said. Among the new bankers' duties is to consult with small-business owners at their place of business and assess their companies' deposit, credit and cash management needs, the bank said. Bank of America, along with Wells Fargo, is consistently among the largest retail banks in Southern Nevada. Bank of America has 55 local branches and Wells Fargo has 83, according to VEGAS INC research. "Our small-business customers in Las Vegas and across the country have told us that they want access to more expertise and someone who truly understands their needs," Emily Shanks, Bank of America small-business banking executive for the Western States region, said in a statement. A spokeswoman said these are new positions, as previously there were no specialists focused solely on small businesses with annual revenue of $250,000 to $1 million. dominated by such large employers as casinos, hospitals, grocery stores, general merchandise stores, government and schools, but Bank of America said there are plenty of small businesses locally. The bank said that in Nevada it extended nearly $63 million in loans to small businesses in the first half of 2011. The hiring is occuring despite plans by the Charlotte, N.C.-based bank — which is facing elevated residential foreclosures and foreclosure investigations — to cut about 30,000 jobs worldwide over three years. THREE OTHER MALE EMPLOYEES ARE ALSO SUING SEXUAL HARASSMENT, FROM PAGE 14 Sept. 6, attorneys for Preiss said Nevada has a strong public policy against assault and battery and therefore any alleged confidentiality agreements are "against public policy.'' That lawsuit now includes three other male employees who said they assisted Siegfried and Roy in various household and personal tasks. The suit charges Horn sexually harassed, assaulted and battered three of the men: Preiss, Jayson Dondon and Dojie Macandog; and that Fischbacher sexually harassed, assaulted and battered Don Kruno. "All plaintiffs were forced to resign as a result of this incessant harassment. Videotaped evidence shows Horn sexually assaulting and battering a number of his employees/assistants,'' the legal filing said. "Despite the injuries suffered during the tiger attack, defendant Horn still has full strength in his right arm, his mental facilities and the ability to conduct various business and daily activities without assistance." All of the plaintiffs' allegations have been denied by Siegfried and Roy. | 3 OCTOBER 2011 | Modani Founders (from left to right) Nathan Cohen, Steven Athea, Yonel Fellous From new credit lines to new state lines, fi nancing Modani's designs for growth. Opportunity at every step.™ In the competitive world of modern furniture, you need new showrooms to reach new customers. We responded to Modani's needs with a broad range of solutions, including SBA 504 loans that enabled our client to acquire new property and reduce monthly real estate costs — and our TeleCheck® service, which helps move inventory by clearing checks as quickly as credit cards. All critical tools that help Modani set opportunity in motion with more room to grow. To discuss growth solutions for your business, contact a small business banker: 702.789.0119 bankofamerica.com/growyourbusiness " Bank of America Merrill Lynch" is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affi liates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affi liates of Bank of America Corporation ("Investment Banking Affi liates"), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. Investment products offered by Investment Banking Affi liates: Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed ©2011 Bank of America Corporation ARM1N4G5 15

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