Columbia Bank, the wholly owned subsidiary of Columbia Banking System, Inc., announced the expansion of its Commercial Lending Division into Arizona with the appointment of veteran Phoenix-area banker Ryan Summers. Summers, with 14 years of commercial banking experience, will build a team dedicated to delivering the full suite of business lending … [More]
Florida-Based Community Bank Enters Phoenix Market with SBA Division
American Momentum Bank has entered the Phoenix market by hiring SBA lending veteran Tim Collins to serve as Vice President, Nationwide SBA Business Development Officer III. The hire comes as the community bank continues the national expansion of its Tampa, Fla.-based SBA Lending Division. Collins will serve clients nationally, focusing on Phoenix and the Western U.S. … [More]
Scottsdale-Based Financing Co. Arranges Nearly $150M for New Arizona Build-to-Rent Developments
Tower Capital arranged $185.7 million in financing for four Build-to-Rent (BTR) developments that will result in 740 units delivered in Arizona and North Carolina. The financing encompasses three new projects in the Phoenix market, including $67.4 million for Village at Carver Mountain, $59.6 million for Village at Sonoran Vista, and $21.2 million for Montana Del Sur, as well … [More]
Arizona-Based Bank Ranks #1 among Banks Above $50B
Western Alliance Bancorporation announced its primary subsidiary, Western Alliance Bank, ranks #1 among the nation’s top-performing large banks with $50 billion or more of assets per American Banker, the leading industry trade publication. The article in American Banker focuses on the bank’s powerful performance and momentum, stating that, “Western Alliance, which crossed … [More]
Portland-Headquartered Bank Expands Middle-Market Team in Phoenix
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, announced the expansion of its Phoenix-based middle market banking team with the addition of five new members to support its rapid growth in serving mid-size companies across Arizona. Today's announcement marks the latest development in Umpqua's Western U.S. expansion. Late last year, Umpqua hired … [More]
Northern Trust Appoints New Phoenix Region President
Northern Trust has appointed Curtiss Smith as Phoenix Region President, where he will lead the team in the delivery of outstanding client service and accelerate the growth of the Northern Trust Wealth Management platform. Most recently, Smith served as Senior Banking Director for Northern Trust markets in Arizona, Nevada and Colorado. Previously, he held positions at … [More]
Western Alliance Bank Announces Executive Promotions, Newly Formed Executive Leadership Team
Western Alliance Bank, one of the country's top-performing banking companies, announced the promotions of several senior executives and the formation of a new Executive Leadership Team as part of the bank’s continuing commitment to align its management structure to support its industry-leading growth. “I am delighted to share these well-deserved promotions with our … [More]
FirstBank Sees Sustained Growth and Top Workplace Ranking
FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” announced continued growth in assets, deposits, and income as part of its 2022 second quarter summary of the company’s holdings and activities. At the end of June, FirstBank’s Arizona division saw total assets climb to $1.5 billion, up 41 percent from the same period in 2021. … [More]
Bank Extends Grant Down Payment Program for Homebuyers in Phoenix
BMO Financial Group announced the extension of its Welcome Home Grant down payment program in Chicago and Phoenix. The program offers grants to eligible borrowers to help with down payment and closing costs, helping buyers in underserved communities access the credit they need and accelerate their dream of homeownership. When paired with other home financing … [More]
Arizona Bank among Top 25 Publicly Traded Banks in the U.S.
Bank Director, the leading information resource for directors and officers of financial institutions nationwide, released its RankingBanking study, sponsored by Crowe LLP. This study ranks the 300 largest publicly traded banks in the country by metrics that examine profitability, asset quality, capital adequacy and total shareholder return. Bank Director … [More]
New Community Bank Launches ‘Lemonade Stand Microloans’ for Small Business
Scottsdale Community Bank is excited to announce its dynamic, innovative “Lemonade Stand Microloans” program. This creative concept for small businesses was rolled out during the highly anticipated Grand Opening of Scottsdale Community Bank. Scottsdale Community Bank is the first new community bank established in Arizona in over 14 years, and it is unique in combining … [More]
Tempe Credit Union Introduces Free Credit Monitoring and Education Tool
TruWest Credit Union has launched a new tool through its partnership with SavvyMoney, a comprehensive credit score program which allows customers to monitor, improve and be in control of their credit. The platform provides an in-depth analysis and report of credit scores with free ongoing access, an understanding of key factors that impact credit, and recommendations on how to … [More]
Gainey Business Bank Announces Grand Opening
Gainey Business Bank, Inc. announced its Grand Opening on July 11, 2022. A celebration of the opening is being held at the Bank’s location, 8501 N. Scottsdale Road, Suite 110, Scottsdale AZ 85253. With this Grand Opening, Gainey Business Bank is pleased to announce that it is the newest Community Bank to open in the Valley; only the second new community bank opened in the past … [More]
Alerus Completes Acquisition of Metro Phoenix Bank
Alerus Financial Corporation announced it has completed the previously announced acquisition of MPB BHC, Inc., the bank holding company for Metro Phoenix Bank. Founded in 2007, Metro Phoenix Bank is the largest full-service community bank headquartered in Phoenix, with approximately $453 million in total assets, $280 million in total loans, and $402 million in total deposits as … [More]
Microloans Level the Playing Field
The 5 C’s of Credit — character, capacity, capital, collateral and conditions — is an old term that outlines what business owners need to have established to secure financing and grow. The Census Bureau reports that 5.4 million businesses were formed in 2021. Many of these new businesses haven’t had enough time to establish the 5 C’s of credit and therefore may be at a loss as … [More]
