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]
BMO Wealth Management Names New Leadership
Amid accelerating growth, BMO Wealth Management’s Arizona office is introducing new leadership and expanding its capabilities to local businesses and high-net-worth clients. BMO’s Arizona office serves as the hub for the Western United States and is now led by Managing Director, Michael Blanton. The Scottsdale resident previously served as managing director for BMO Wealth … [More]
New Phoenix-Based Bank Obtains SBA Approval
Integro Bank announced that it obtained approval from the U.S. Small Business Administration (SBA) as an approved lender in the federal SBA 7(a) Loan Guarantee Program. The bank now has a fully staffed 6-person SBA department and is accepting loan applications from small business owners for both SBA 7(a) and 504 loans. With $31 million in equity, the bank is able to provide as … [More]
Financial Services Co. Opens Scottsdale Headquarters
345 Wealth Management, a full-service financial services firm focused on comprehensive planning as it relates to the accumulation, distribution, and transfer of wealth, moved into its headquarter office, which is located at 4835 E. Cactus Road Suite 255 in Scottsdale. The firm, founded by industry veterans Dillan Micus and Patrick Kearns, has already grown to nearly 20 … [More]
