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]
New Program Offers No Interest Loans to Small Businesses
Help has arrived for local startups and entrepreneurs to boost their businesses with access to affordable capital. Better Business Bureau Serving the Pacific Southwest (BBB) has launched multiple Kiva Hubs, which provide no interest loans to small businesses unable to access traditional capital, serving Valley businesses and beyond. With the success of the first Phoenix Kiva … [More]
Business Warrior Launches Small Business Lending Solution
Business Warrior Corp., the source for small businesses in America to get more customers, announces the official launch of its new small business lending solution, Business Warrior Funding. The new lending solution leverages Business Warrior’s expertise and strategic partnerships to help entrepreneurs grow their business and offset the difficulties often associated with … [More]
Excellent Financial Strength Rating for CopperPoint Insurance Company, Stable Outlook
CopperPoint Insurance Companies, a western-based super regional commercial insurance company, announced that AM Best has affirmed the Financial Strength Rating of A (Excellent) for CopperPoint Insurance Company and its subsidiaries with a stable outlook. Alaska National Insurance Company has also been added as a new member to Best's rating for CopperPoint Insurance Group. These … [More]
Capital Management Firm Launches International Value Fund
Smead Capital Management announces the launch of the Smead International Value Fund, a series of the Smead Funds Trust, to public investors. On January 11th, 2022, the Smead International Value Fund succeeded all of the assets of the Smead International Value Fund LP. The Fund will offer retail and institutional share classes starting at a minimum of $100 for … [More]
First Community Bank in Arizona to Launch in More Than 14 Years Opens Doors
The highly anticipated Scottsdale Community Bank is opening its doors, becoming the first new community bank in Arizona in more than 14 years. Scottsdale Community Bank received final approval from the Federal Deposit Insurance Corporation and the State of Arizona effective January 10, and it plans to hold its grand opening for the public within the next 60 days. “We are … [More]
Credit Union Distributes $3M Year-End Payout to Members
As part of the credit union’s Member Bonus Payout program, Arizona Federal Credit Union announced the distribution of a $3 million year-end bonus to its members. Since 2012, the credit union has returned more than $45 million in bonus payouts to participating members. “As a financial cooperative, when members turn to us for their personal or business banking needs, we return … [More]
Lucid Selects Bank of America as Preferred Lender, Amid Stock Plunge
Lucid Group, which is setting new standards with its advanced luxury electric vehicles (EVs), announced it has selected Bank of America as its preferred lending partner. Lucid customers can apply for financing online at Bank of America or work with concierge agents for a seamless financing experience. Lucid began deliveries of the Lucid Air in October and has more than 17,000 … [More]
Western Alliance Bank to Use TassatPay Platform in Growing Digital Payments Market
Western Alliance Bank, the primary subsidiary of $50 billion Western Alliance Bancorporation, and Tassat Group Inc., today announced the bank will implement a fully integrated digital banking platform for its customers, which will include a digital token powered by the TassatPay Network and a private Ethereum blockchain. This platform will enable Western Alliance … [More]
First Internet Bank Expands Arizona Commercial Banking Team
First Internet Bank announced the hiring of Vice President of Commercial Banking, Ryan Hasher. Mr. Hasher joins First Internet Bank’s Arizona-based commercial banking team, reporting to Regional Vice President Neil Barna “Ryan is an invaluable addition to our team,” said Mr. Barna. “His experience and expertise will provide flexible financing solutions for our clients … [More]
Program to Disburse $13M in 1% Interest Loans and Specialized Business Coaching
Maricopa County and Prestamos CDFI, a division of Chicanos Por La Causa (CPLC), come together to provide much needed access to capital combined with personalized business coaching with the launch of the Maricopa County Small Business Resilience Program. The goal is to elevate struggling small businesses in their road to recovery post-pandemic and walk along with business owners … [More]
