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]
Tacoma-Based Bank Expands Business Lending Division to Arizona
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]
