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Bank of Las Vegas completed its third year of operation and our shareholders recently approved their share exchange with Capitol Bancorp. This share exchange was an excellent opportunity for the original investors in our business bank.

The growth of the bank has allowed us to expand our management team and we have offered key employees growth opportunities at Bank of Las Vegas so they can maximize their potential.

One of the keys to our success is the loyalty of our employees. They have been committed to serving our bank since its debut in 2002, and this same team remains dedicated to the bank's success today.

Our referral network is becoming more effective as well. Several of our directors had a major impact on our growth during 2005, referring prospective clients to the bank. These prospects have developed into meaningful relationships and our customer base is growing with both loan and deposit relationships.

We continue to listen to our customers' ideas and suggestions. For example, we now offer a product that provides FDIC insurance on structured time deposits up to $25 million.

We are committed to helping our neighbors. We assisted hurricane victims last year with a donation to the American Red Cross. We contributed to the Salvation Army with a Thanksgiving food drive and a financial gift from the bank. We also purchased new clothing items for students at a local elementary school.

We are proud to be an integral member of our community, supporting both business and civic initiatives to preserve and improve the quality of life we enjoy in Las Vegas.