Integro Bank (In Organization) announced that it obtained conditional approval from the State of Arizona Department of Insurance and Financial Services to open a new bank devoted to helping small businesses. Among the conditions for opening the bank is a requirement to raise a minimum of $27.9 million in capital and for the bank to obtain regulatory approval from the Federal … [More]
First Community Bank in Arizona to Launch in More Than 14 Years Holds Grand Opening May 18
Scottsdale Community Bank, the first new community bank in Arizona in more than 14 years, will hold a grand opening ceremony for its investors and special guests on May 18. Scottsdale Mayor David Ortega will speak. The Federal Deposit Insurance Corporation and the State of Arizona provided final approval to Scottsdale Community Bank effective January 10. Arizona has only 10 … [More]
Finding the Right Investments to Make Your Portfolio LGBTQ Friendly
Anyone investing in the stock market hopes to see their portfolio's account balance grow, grow and grow some more. But these days many investors are interested not only in their financial return, but also about the values of the companies they invest in, such as how companies handle LGBTQ issues. For those investors, this raises the question: Is there a way to build an … [More]
Sarver Retires as Executive Chair of Western Alliance Board, CEO Signs on for Three Years
Western Alliance Bancorporation today announced that Robert Sarver and Steve Hilton will be retiring from their respective roles as Executive Chairman and Director of the Board of Directors of the company and its principal subsidiary, Western Alliance Bank. Their Board terms will end at the company’s annual meeting of stockholders in June. Sarver has served as a director on the … [More]
Leading Valley Funding Group Sells Assets to Michigan Corp., Retains Team
Oxford Commercial Finance Corp., a wholly owned subsidiary of Oxford Bank, is pleased to announce the acquisition of the assets of FSW Funding, and hiring their entire team today. Ms. Robyn Barrett, Owner and Managing Member of FSW Funding, will join the OCF team as SVP - Managing Director, Working Capital Division and lead that segment for OCF. CEO David Lamb commented “The … [More]
Banks and Credit Unions: Understanding the Differences
Bank or credit union? That’s a question most will have when deciding where to begin their financial journey. Credit unions are often misunderstood. In fact, some common misconceptions about credit unions are that strict requirements exist for membership and that credit unions don’t have up-to-date technology. Both may have been true in the past but are no longer the case. … [More]
Bank Introduces New ‘Welcome Home Grant’ Down Payment Program for Homebuyers in Phoenix
With the start of the Spring homebuying season, BMO Harris Bank announced the launch of its new Welcome Home Grant down payment program in Phoenix, which offers grants to eligible borrowers to assist with down payment and closing costs. When paired with other programs offered by BMO, eligible borrowers can receive up to $24,500 in combined assistance. With the help of these … [More]
Their Story: U.S. Bank Access Fund Helps Founder of African Market in Tempe
Florence Amoako, founder of Ako International Market in Tempe, Arizona, just celebrated 20 years in business. She is one of the first to receive assistance through the via Phoenix-based Local Initiatives Support Corporation (LISC) and Retail, Arts, Innovation, & Livability Community Development Corporation (RAIL). Florence Amoako immigrated to the U.S. from Ghana in West … [More]
Kansas-Based Bank with Phoenix Branch Expands Restaurant Finance Group
CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc. with a location in Phoenix, announced that it will expand its restaurant finance group that will focus on building trusted relationships with established and high-growth restaurant chains. The Bank hired Bobby Oliver to lead the restaurant finance group as Executive Director, Restaurant Finance Group. “CrossFirst … [More]
Credit Union Expands across Arizona through Acquisition of Bank
Arizona Federal Credit Union announced that it has entered into a definitive agreement to acquire Horizon Community Bank, an Arizona state-chartered bank headquartered in Lake Havasu City, Arizona and wholly-owned subsidiary of Horizon Bancorp, Inc. Horizon Community was founded in 2002 and currently operates six branches in Fort Mohave, Kingman, Lake Havasu City, Mesa, Parker … [More]
Business Warrior and Fuel Me Enter $25M Funding Partnership
Business Warrior Corp., the source for small businesses in America to get more customers, today announces a letter of understanding (LOU) with Fuel Me, the first-of-its-kind technology platform providing nationwide fuel procurement and management services, to fund up to $25 million in loans from March 1, 2022, to Dec. 31, 2023, through the new Business Warrior Funding … [More]
FirstBank Closes Out Record Year, Awards $15,000 to Valley Businesses
FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” announced year-over-year double-digit percentage increases in assets, deposits, and income in the fourth quarter of 2021. Across FirstBank’s Arizona branches, assets totaled nearly $1.2 billion, up 21.4 percent. Total deposits were $1.1 billion, up 42.5 percent from the same time … [More]
GoDaddy Arranges Repurchase of $750M of Its Stock
GoDaddy Inc. announced it entered into accelerated share repurchase agreements (the "ASR Agreements") with each of Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC to repurchase an aggregate of $750 million of GoDaddy's Class A common stock. GoDaddy expects final settlement of the ASRs to occur during the second quarter of 2022. As disclosed in its fourth … [More]
EN NEGOCIOS: Nuevo programa ofrece préstamos sin intereses a las pequeñas empresas
Ha llegado ayuda para que las nuevas empresas y los emprendedores locales impulsen sus negocios con acceso a capital asequible. El Buró de Mejores Negocios en la área Pacífica Sudoeste (BBB por sus siglas en ingles) ha lanzado múltiples Kiva Hubs que brindan préstamos sin intereses a pequeñas empresas que no pueden acceder al capital tradicional, sirviendo a las empresas del … [More]
