Business Briefs for Aug. 22

NNDA to celebrate new businesses in the region

The Northern Nevada Development Authority will host the "Bubbles, BBQ &

Business Recognition Dinner" from 5:30 p.m. to 8:30 p.m. Sept. 29.

The event, which will take place at the Governor¹s Mansion, 606 Mountain

St., will welcome seven new and two expanded businesses in the region.

The NNDA said they have created 288 new jobs. The new businesses include

Bonnie Plants in Silver Springs; Buffalo Wire Works in Sparks; Fulcrum

Sierra Bio Fuels in McCarran; Northwest Territorial Mint in Dayton; RiteMade

Paper Converters in Reno; Saginaw Control and Engineering in McCarran; and

Sutter Equipment Company in Mound House. The expanded businesses are

Chromalloy Nevada in Carson City and ConAgra Foods, Inc., in Fallon.

Cost is $50 per person and $350 for tables of eight. Attire is business

casual. To RSVP call 775-883-4413 or visit www.nnda.org.

Western Title staff receives certification

Stacy Spickes, co-founder and president of America¹s Home Rescue, announced

that they have awarded Certified Default Resolution Closing Specialist

certification to the 11 members of the escrow and marketing teams of Western

Title Company of Carson City.

Western Title is the only Northern Nevada title company to receive the

designation.

The CDRCS certification is unique to the real estate industry. It focuses

specifically on the information, tools and processes needed for the escrow

officers and closing attorneys in the proper closing of a short sale

transaction.

"It is imperative that closing officers have a course that is unique to

them, apart from what real estate agents need to know," Spickes said.

"I think this is a great course and it¹s great to find a designation for the

title and escrow industry," said Chad Felix, sales manager at Western Title.

Western Title Company is one of the largest insurance agencies in Northern

Nevada and has been serving the area since 1902.

Heritage bank see increase in quarterly report

Reno-based Heritage Bank¹s second quarter report shows an increase in its

assets at nearly $456 million, up from about $378 million in same period in

2009.

In the last year, the bank acquired the Carson River Community Bank and

relocated the branch to Gardnerville in Carson Valley.

Net income for the second quarter period ending June 30 was $3.4 million

an increase of 57.4 percent over the second quarter 2009.

The bank¹s total deposits for the second quarter of 2010 was $411 million,

up 20.9 percent over the end of the second quarter 2009. Total loans of

$312.9 million reflect a 12.5 percent increase over the same period in 2009,

and a loan to deposit ratio of 76.1 percent equal to the bank¹s peer group.

"We are pleased to have performed so well this year despite the challenging

economy,²"said Stan Wilmoth, president and CEO of Heritage Bank. "The bank

continues to offer loans to qualified customers, and we are always looking

for new ways to help our community businesses."

Sen. Ensign to address Dayton chamber, NNDA

Sen. John Ensign, R-Nev., will speak at the Dayton Valley Country Club, 101

Palmer Dr., on Sept. 1.

He will address the Dayton Area Chamber of Commerce and the Northern Nevada

Development Authority. The event starts at 11:30 a.m.

Cost is $25 with reservations and $35 at door.

For more information call the NNDA at 775-883-4413 or the Dayton chamber at

775-246-7909.