Alliance Bank of Arizona, the state’s largest locally owned and headquartered bank, broke ground Friday on a new multimillion-dollar Flagstaff banking center. Alliance Bank of Arizona President Ed Zito hosted the groundbreaking event with Executive Vice President Sherri Slayton. The event was also attended by Flagstaff Mayor Jerry Nabours and President and CEO of the Flagstaff Chamber of Commerce, Julie Pastrick.
“Since we opened our first branch in Flagstaff eight years ago, we have been committed to fueling our local economy,” said Sherri Slayton, EVP and Regional Manager of the bank’s Northern Arizona division. “As a long-time resident and banker in this area, I am especially excited to see Flagstaff businesses rebound and flourish. Our Flagstaff team, with experienced local bankers who know this region, is proud to serve the people who make Flagstaff the extraordinary community we call home.”
“Today’s groundbreaking is testimony to the strength of the Flagstaff Alliance Bank team,” said Julie Pastrick, President and CEO of the Flagstaff Chamber of Commerce. “Under the leadership of Sherri Slayton, they have consistently demonstrated a high level of financial acumen and community outreach that allows for this large investment in our local Flagstaff community.”
The 6,000-square-foot center marks the bank’s significant expansion in the area and the region. The facility is an extension of Alliance Bank’s growth in key business markets as home to a large number of commercial and industrial businesses, enabling the bank to better serve Flagstaff customers. It is scheduled to open in the summer of 2014.
Alliance Bank, which started with a single office and 20 employees in 2003, is now the largest locally owned and headquartered bank in the state with $3.3 billion in assets. A leading business lender, it has built a reputation for its responsiveness, local expertise and reliability as a lending resource.
Alliance Bank of Arizona is a division of Phoenix-based Western Alliance Bank.