Banking Archives

Technology and regulation are changing banking

Global Internet credit card payment

The banking industry in Arizona has improved since the the Great Recession; profitability and earnings are up, the number of the FDIC troubled banks list is down and the number of troubled loans and foreclosures are both down. Things are looking great, right? Larger institutions in Arizona are doing well because of their relationship to… Read More →

Mutual of Omaha Bank opens Scottsdale location

mutual of omaha

Mutual of Omaha Bank will officially open the doors to its newest full-service location in Scottsdale on Monday, Nov. 16, Arizona Market President Kevin Halloran announced. Strategically located at 7373 North Scottsdale Rd., Suite A195, the location will feature a retail banking center, as well as space to accommodate a newly expanded commercial team that… Read More →

Enterprise Bank expands with Scottsdale branch

Peter Benoist, president and CEO of Enterprise Bank & Trust; Scottsdale Mayor Jim Lane; and Jack Barry, president and CEO of the Arizona region for Enterprise Bank & Trust, attend Enterprise Bank & Trust’s grand opening of the Scottsdale branch.

Enterprise Bank & Trust announced the expansion of a new north Scottsdale location, which opened Nov. 2, and strengthens its commitment to the community and clients in the northeast Valley. The new branch located at 8698 East Raintree Dr., Suite 104 will blend business banking and private banking under one roof. The Scottsdale location will provide… Read More →

Desert Schools announces scholarship program Brian Jackson

Desert Schools Federal Credit Union announced its 12th annual Community Service Scholarship Program to reward outstanding local high school seniors who have made notable charitable contributions to their communities over the past year and are dedicated to doing so in the future. This scholarship program is part of Desert Schools’ mission to give back and… Read More →

Vote now to decide FirstBank ‘Elevator Pitch’ winner


FirstBank, which has 17 banking locations throughout the Phoenix Metropolitan area, announced the five Arizona finalist companies of its the “FirstBank $20,000 Elevator Pitch Business Contest” where it will award one Arizona-based winner with $20,000. The five companies are: Pinspiration Co+Hoots Brelby Theatre Company Cake Art Studio Nancy’s Jewelry and Clothing The public is invited… Read More →

43% of Arizonans 45-65 care for kids or aging relatives

Young girl's hand touches and holds an old woman's wrinkled hands.; Shutterstock ID 115740043; PO: 47953; Other: Public Affairs

A study issued today by BMO Harris Premier Services found 43 percent of Arizonans aged 45 to 65 are juggling the demands of caring for their children or aging relatives (i.e. parents, in-laws, grandparents, etc.). Seven percent currently care for both generations while 16 percent expect that they will have to care for the two… Read More →

A New Leaf receives $200K grant from Wells Fargo

A new Leaf

Wells Fargo & Company announced it will donate $200,000 to A New Leaf as part of $6 million initiative in neighborhood stabilization grants awarded to 69 nonprofits through its 2015 Wells Fargo Housing Foundation Priority Markets Program to  help stabilize and revitalize neighborhoods impacted by the economy.  The Priority Markets Program provides grants to support… Read More →

Nov. 8 is deadline for FirstBank ‘Elevator Pitch’ contest


FirstBank, which has 17 banking locations throughout the Phoenix Metropolitan Area, is reminding Arizona businesses that the November 8 deadline for its a new competition is fast approaching. The competition, called the “FirstBank $20,000 Elevator Pitch Business Contest” will award one winner with $20,000, courtesy of the bank. Contest participants are asked to submit a… Read More →

FirstBank continues Arizona growth through 3rd quarter

1st Bank

FirstBank Holding Company, with 17 banking locations in the Phoenix area, today announced its 2015 third quarter financial results for its Arizona branches. As of Sept. 30, FirstBank’s Arizona branches increased deposits by 24.7 percent from $240.1 million in 2014 to $299.5 million in 2015. The bank also saw significant growth in total loans, growing… Read More →

FirstBank spotlights 18 local businesses in billboard campaign


FirstBank, which has 17 banking branches throughout the Phoenix metropolitan area, announced it is showcasing 18 local businesses in a new billboard campaign. The chosen businesses, spread out across the Phoenix metropolitan area, are committed to growing their operations here in the Valley. To help them succeed, FirstBank is sharing its billboard space for free… Read More →

Bankers Trust celebrates opening of new location

Bankers Trust Check Presentation

Nearly 150 community leaders, industry experts and customers joined Bankers Trust on Thursday as they celebrated the grand opening of its new location on the ground floor of Esplanade Building II (2525 E. Camelback Rd. Suite 100). The first Bankers Trust Phoenix location opened in 2007 and since that time the Bank has grown from… Read More →

Are mobile-payment apps vulnerable to hackers?


Making a purchase or other payment is not like it used to be. These days, cash and credit cards aren’t the necessities they once were because alternative-payment options are just a tap or two away on a mobile device through apps such as Google Wallet, Apple Pay, Square, Levelup, Kash and PayPal. But just how… Read More →

Bank of America awards $190K in housing grants


The Bank of America Charitable Foundation announced $190,000 in housing grants to 10 nonprofits serving the greater Phoenix metropolitan area. This investment will help improve access to affordable housing, preserve neighborhoods, provide financial education and coaching for future homeowners, and support organizations and initiatives that contribute to the success of local communities. The economic recession… Read More →

Wells Fargo No. 1 SBA lender for small businesses


Wells Fargo & Company, America’s No. 1 small business lender, has announced it is the No. 1 Small Business Administration (SBA) 7 (a) lender in Arizona in dollars and number of loans  approved for fiscal year 2015.  Wells Fargo approved 281 loans totaling $92,778,700 to Arizona businesses from Oct. 1, 2014 and Sept. 30, 2015.… Read More →