Western Alliance Bank’s subsidiary Digital Disbursements, the leading digital payments platform for the class action legal industry and part of the bank’s Juris Banking Group offering, announced that their Anti-Fraud Triangle innovation, developed in partnership with ClaimScore, a data-driven fraud prevention software solution for class action settlements, has been selected as … [More]
Credit Union Collaborates with Expert to Promote Financial Well-Being
Nicole Lapin, a New York Times Bestselling Author and personal finance expert, is collaborating with Desert Financial Credit Union to empower and promote financial well-being to Arizonans. "I've always been a huge believer in credit unions because they've consistently put people before profits. I've personally banked with credit unions for years because I love everything … [More]
Sweep Accounts: Strategy to Manage Deposits that Exceed the FDIC Limit
How sweep accounts can help ensure funds are protected beyond standard insurance limits
Managing deposits that exceed the standard FDIC insurance threshold can seem like a daunting task. Businesses and individuals alike often seek a way to maintain simplicity while ensuring coverage for deposits. Sweep accounts offer a practical solution by allowing businesses and individuals to work with just one account, while funds are automatically dispersed. This streamlined … [More]
Enterprise Bank & Trust to Expand in Arizona through Acquisition
Enterprise Financial Services Corp and First Interstate BancSystem, Inc. have announced the signing of a purchase and assumption agreement by their respective wholly-owned subsidiaries, Enterprise Bank & Trust and First Interstate Bank, pursuant to which Enterprise Bank & Trust will acquire twelve branches from First Interstate Bank. The acquisition consists of two … [More]
North Dakota Community Bank Expands to Arizona’s East Valley
First Western Bank, a trusted community bank headquartered in Minot, North Dakota, announced its expansion into Arizona’s East Valley, with its new Loan Production Office located in Chandler, Arizona. This strategic move reflects the bank’s commitment to building relationships and offering personalized financial solutions in dynamic and thriving markets. Leading the Arizona … [More]
Arizona Central Credit Union Announces New President and CEO
Arizona Central Credit Union announced Brian Lee as its new President & Chief Executive Officer. Lee is replacing the retiring Greg Harden. Veronica Piotrowski, Board Treasurer, states "Brian brings a wealth of experience and vision to lead Arizona Central Credit Union into its next chapter. His commitment to the membership and community aligns perfectly with our mission … [More]
Credit Union Program to Help Children and Teens Build Strong Financial Habits
Desert Financial Credit Union announces Kickstart, a free program and checking account for members designed to teach kids how to budget, save and spend money safely with adult supervision. The program allows parents and guardians to send money to and set spending limits on their child’s account. Kickstart also provides access to an online child-friendly programming that is … [More]
Credit Union Unveils Bold New Look While Staying True to Its Core Values
OneAZ, the Arizona credit union known for its competitive rates, announced the launch of a revitalized new brand that reflects its commitment to driving prosperity and community growth across Arizona. Honoring nearly 74 years of trusted service, OneAZ is stepping boldly into the future with a fresh look and renewed promise to help Arizonians succeed. “Today, we're unleashing … [More]
Funding Network Announces Co-Chairs to Lead Initiative Following Launch
The Arizona CDFI Network, launched on February 13, 2025, has appointed Andre T. Whittington, CEO of Growth Partners Arizona, and Amber Cordoba, Senior Director of External Affairs at Prestamos CDFI, as Co-Chairs to lead the initiative in expanding business lending and investment opportunities across the state. The Arizona CDFI Network brings together six financial … [More]
Credit Union Gets Regulatory Approval to Acquire Republic Bank of Arizona
Pima Federal Credit Union announced that it has received regulatory approval to acquire Republic Bank of Arizona. The acquisition is scheduled to close on May 2, 2025, marking a significant milestone in their commitment to expanding their services. With combined total assets of $1.5 billion, this strategic acquisition will enable Pima Federal to offer an enhanced suite of … [More]
Phoenix-Based Asset Management Co. Expands Institutional Fundraising Efforts with Latest Appointment
Trinity Capital Inc., a leading international alternative asset manager, announced the appointment of Zach Taffet as Director of Capital Formation & Investor Relations. Mr. Taffet will help drive the strategic direction for the Company's private fund strategies and management of institutional capital through its RIA platform. Mr. Taffet brings nearly a decade of … [More]
Bank of America Names New Market Executive
Mary Noor is stepping into the role of Phoenix Market Executive for Bank of America. Scott Vanderpool, Bank of America Market President, had filled this role for several years, in addition to serving as market president, and more recently stepping back into Business Banking and taking on the role of Market Executive for that line of business last year. In this highly visible … [More]
CrossFirst Bank Snatched Up by Illinois-Based Busey Bank
Illinois-based First Busey Corporation, the holding company for Busey Bank, announced the completion of its acquisition by merger of CrossFirst Bankshares, Inc., the holding company for CrossFirst Bank, effective March 1, 2025. The transaction was previously jointly announced on August 27, 2024. CrossFirst Bank operates two branches in Arizona, one in Phoenix and another in … [More]
Comerica Bank Names New Arizona Market President
Comerica Bank announced today Troy Norris has been named its Arizona Market President. Norris will also serve as the Group Manager for Business Banking and Middle Market in the region. As Market President, Norris will manage business and community development efforts, including acquiring and strengthening relationships in Arizona. He will also oversee the Middle Market & … [More]
Kansas-Based Bank Expands Presence in Phoenix with Completed $2B Acquisition
UMB Financial Corporation announced that it will close the acquisition of Heartland Financial USA, Inc., effective at 11:59 p.m. As a result of this successful completion, UMB’s asset size will increase to approximately $68 billion (based on assets as of Dec. 31, 2024), expanding its geographic footprint from eight to 13 states. Arizona is a growing market for the bank. The … [More]
Credit Union Annual Cashback Bonus Reaches $100M over Past Eight Years
Desert Financial Credit Union will distribute $16 million in Member Giveback Bonuses later this month, bringing the total to $106 million awarded over the past eight years. The annual cashback reward is one of the many ways Desert Financial rewards its members for doing more of their banking with the credit union. “The giveback bonus is just one of many perks for Arizonans … [More]
Smead Capital Management Appoints Conor O’Callaghan as Chief Operating Officer
Smead Capital Management, a Phoenix-based investment management firm and a leader in value investing, announces the appointment of Conor O’Callaghan as Chief Operating Officer. This key addition comes as the firm continues to build on its significant growth, having more than tripled its assets under management over the past four years. With over two decades of … [More]
The Financial Restructuring Tool Set
Excessive corporate debt can lead to financial distress, which prevents a business from realizing its full potential. When this occurs, a company transforms into a “zombie,” incapable of making essential investments for its future growth or attracting the resources required to execute its business strategy effectively. In this book, restructuring veteran Mike Harmon provides an … [More]
