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]
Integro Bank Successfully Launches, Dedicated to Help Small Businesses
President, CEO and Founder of Integro Bank, Thomas J. Inserra announced today that it received final regulatory approvals from the State of Arizona and the Federal Deposit Insurance Corporation (FDIC) to disburse its capital from escrow and open the bank. This means the bank is now legally chartered and that its customer deposits have federal deposit insurance protection from … [More]
Arizona Federal Named a Financial Literacy Partner of Local First Arizona Small Business Accelerators
In an effort to grow small business and support minority business owners in partnership with Local First Arizona, Arizona Federal Credit Union is proud to be one of the financial literacy partners for the We Rise and Fuerza Local accelerator programs. These programs focus on providing Black and Hispanic business owners with the support and resources to succeed while … [More]
First Interstate Bank Completes Expansion into Arizona with Great Western Bank Conversion
First Interstate BancSystem, Inc., parent company of First Interstate Bank, announced that effective today, all Great Western Bank locations are now open and operating as First Interstate Bank branches. Arizona has eight locations in eight cities including Scottsdale and Chandler. The successful conversion allows First Interstate to directly serve clients and communities in … [More]
Bank Devoted to Helping Small Business Obtains State of Arizona Conditional Approval
Integro Bank (In Organization) announced that it obtained conditional approval from the State of Arizona Department of Insurance and Financial Services to open a new bank devoted to helping small businesses. Among the conditions for opening the bank is a requirement to raise a minimum of $27.9 million in capital and for the bank to obtain regulatory approval from the Federal … [More]
First Community Bank in Arizona to Launch in More Than 14 Years Holds Grand Opening May 18
Scottsdale Community Bank, the first new community bank in Arizona in more than 14 years, will hold a grand opening ceremony for its investors and special guests on May 18. Scottsdale Mayor David Ortega will speak. The Federal Deposit Insurance Corporation and the State of Arizona provided final approval to Scottsdale Community Bank effective January 10. Arizona has only 10 … [More]
Sarver Retires as Executive Chair of Western Alliance Board, CEO Signs on for Three Years
Western Alliance Bancorporation today announced that Robert Sarver and Steve Hilton will be retiring from their respective roles as Executive Chairman and Director of the Board of Directors of the company and its principal subsidiary, Western Alliance Bank. Their Board terms will end at the company’s annual meeting of stockholders in June. Sarver has served as a director on the … [More]
Leading Valley Funding Group Sells Assets to Michigan Corp., Retains Team
Oxford Commercial Finance Corp., a wholly owned subsidiary of Oxford Bank, is pleased to announce the acquisition of the assets of FSW Funding, and hiring their entire team today. Ms. Robyn Barrett, Owner and Managing Member of FSW Funding, will join the OCF team as SVP - Managing Director, Working Capital Division and lead that segment for OCF. CEO David Lamb commented “The … [More]
