The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, National Association, by First-Citizens Bank & Trust Company, Raleigh, North Carolina. The 17 former branches of Silicon Valley Bridge Bank, National Association, will open as First-Citizens Bank & Trust Company … [More]
Grant Funding Available for Small, Food-Related Businesses in Phoenix
The City of Phoenix is offering grants to small, food-related businesses that have been negatively impacted by COVID-19 or its negative economic impacts. Applications are now open for the Food Systems Transformation Grant, which is part of the American Rescue Plan Act (ARPA)-funded Phoenix Resilient Food System Initiative. The Office of Environmental Programs has $800,000 … [More]
EN NEGOCIOS: 5 Consejos para Desarrollar un Plan de Negocios Sólido que le Ayudará a Obtener Capital
Comenzar un pequeño negocio es un gran paso y obtener capital es esencial para su éxito. Un sólido plan de negocios es un componente clave para asegurar el financiamiento que necesita para hacer crecer su negocio y alcanzar sus objetivos. Ya sea que esté buscando un préstamo de un banco, una inversión de una firma de capital de riesgo o financiamiento colectivo de inversores … [More]
5 Tips to Develop a Strong Business Plan that Will Help You Obtain Capital
Starting a small business is a big step and obtaining capital is essential to its success. A strong business plan is a key component in securing the funding you need to grow your business and reach your goals. Whether you are seeking a loan from a bank, investment from a venture capital firm or crowdfunding from individual investors, a well-crafted business plan will help you … [More]
Five Teams in Arizona Named to the Forbes Best-In-State Wealth Management Teams List
UBS Wealth Management USA announced that five of the firm’s financial advisor teams in Arizona have been named to the Forbes Best-In-State Wealth Management Teams list for 2023. Three of the five teams are based in Phoenix, and two are in Tucson. "Our advisor teams develop lasting relationships with clients by listening to and understanding their priorities and … [More]
FDIC Establishes Signature Bridge Bank, N.A., as Successor to Signature Bank, New York
Signature Bank, New York, NY, was closed by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC transferred all the deposits and substantially all of the assets of Signature Bank to Signature Bridge Bank, N.A., a full-service bank that will be operated by the FDIC as … [More]
Western Alliance Bank Issues Updated Financial Figures in Wake of Industry Developments
Western Alliance Bank, in light of recent industry events, updates finiancial information so that bank customers are infomed in light of recent events involving finiancial institutions. With more than $65 billion in assets, Western Alliance Bancorporation is one of the country’s top-performing banking companies. Through its primary subsidiary, Western Alliance Bank, Member … [More]
FDIC Acts to Protect All Depositors of the Former Silicon Valley Bank
The Federal Deposit Insurance Corporation (FDIC) today transferred all deposits—both insured and uninsured—and substantially all assets of the former Silicon Valley Bank of Santa Clara, California, to a newly created, full-service FDIC-operated ‘bridge bank’ in an action designed to protect all depositors of Silicon Valley Bank. Depositors will have full access to their … [More]
Financial Tips for This Women’s History Month
March is Women’s History Month, celebrating the amazing contributions women have made through the years. The U.S. Small Business Administration estimates women in Arizona make up about 46% of workers and own more than 45% of businesses. Other estimates from Merchant Maverick’s Top States for Women-Led Entrepreneurs rank Arizona third in the nation for women-led businesses, with … [More]
Chicago-Based Bank Commits $1 Million to Provide Underserved Communities a Path to Homeownership in Phoenix
BMO announced a $1 million commitment to help underserved communities achieve progress towards homeownership. The commitment supports BMO's Welcome Home Grant down payment program, which is expanding to five new markets including Minneapolis, Milwaukee, St. Louis, Indianapolis, and Lake County, IL – Kenosha County, WI. The program, which launched in March 2022, is still … [More]
Arizona Lender Offers Secure Funding through New Bridge Loans
Hard Money Lenders Arizona, led by Michael Iuculano, announced that they are now offering bridge loans to their clients. This new offering will provide real estate investors and property owners with the flexibility they need to secure funding quickly and efficiently. Bridge loans are a type of short-term financing that helps borrowers bridge the gap between … [More]
Traditional Venture Capital Model Turned on Its Head with Launch of New Scottsdale Firm
In Revenue Capital, the first operator-immersive capital firm focused on early-growth investing, today announces its official launch. Founded by serial entrepreneur Justin Gray and sales & marketing expert Josh Wagner, the new firm is setting out to fix the broken venture capital (VC) system. Unwilling to accept the fact that only 8% of all funded startups actually return … [More]
EN NEGOCIOS: Invertir en Coaching Financiero: Una Guía para Propietarios de Pequeños Negocio
Últimamente, la importancia de la planificación financiera y la estrategia de crecimiento se ha vuelto cada vez más clara para los dueños de pequeños negocios. Con la evolución de la economía, se ha vuelto aún más crucial que los dueños de pequeños negocios tengan una comprensión profunda de sus finanzas. Desafortunadamente, muchos pequeños negocios no pueden permitirse el … [More]
Investing in Financial Coaching: A Guide for Small Business Owners
In recent years, the importance of financial planning and growth strategy has become increasingly clear to small business owners. As the economy continues to evolve, it has become even more critical for small business owners to have a deep understanding of their financials. Unfortunately, many small businesses are unable to afford the cost of a full-time CFO. But there is good … [More]
Arizona Nonprofit to Expand with Campaign and Financing through Enterprise Bank & Trust
Enterprise Bank & Trust announces the closing of a finance agreement that will support a $21 million construction project which is part of a $25 million philanthropic expansion campaign for Child Crisis Arizona. The agency provides emergency shelter, foster care, adoption, counseling, early education, and parenting support services to Arizona’s most vulnerable children, … [More]
Credit Union Appoints New President & CEO
Arizona Financial Credit Union is pleased to announce the promotion of Amy Hysell from executive vice president/chief innovation officer to president and chief executive officer effective January 1, 2023. With more than 25 years of experience at Arizona Financial, Hysell will continue to drive the credit union’s soundness and growth throughout the state to bring diversified … [More]
Bank Addresses the #1 Risk to Arizona Small Businesses: Cyberattacks
Integro Bank announced that with cyber-attack risks representing the #1 threat to small businesses, it is now offering increased cyber risk protection to its clients. Business owners should be concerned that "53% of all cyber-attacks target small businesses and 60% of small businesses that are victims of a data breach, permanently close their doors within six … [More]
