Banking Archives

How to avoid common small business banking pitfalls

small business

A Small business comes and goes every day, but what can they do to stay afloat when times get rough? According to Gallup, it is statistically proven that 50 percent of small businesses fail within the first five years. Because of that, it’s smart for small business owners to keep their bankers by their side.… Read More →

Down payment assistance for Valley home buyers

house

Wells Fargo & Company (NYSE: WFC), NeighborWorks America and its network member Trellis, announced the Wells Fargo NeighborhoodLIFT program has millions of dollars in down payment assistance grants still available for eligible Maricopa County homebuyers. “We are ready to help families qualify for the Wells Fargo NeighborhoodLIFT program down payment assistance grants,” said Patricia Garcia… Read More →

Meadows Bank brings top-ranked SBA lending to AZ

123rf.com: qvist

One of the top ranked Small Business Administration lenders, Meadows Bank, opened up its first Phoenix branch at 2141 East Camelback Road, Suite 100. Meadows has had an SBA loan production office in Phoenix for five years, but the Camelback branch is its first storefront, full-service location offering deposit and conventional loan products in addition to… Read More →

Wells Fargo donates $8 million to Arizona communities

123rf.com: tupungato

In 2015, Wells Fargo & Company donated more than $8 million to support Arizona schools and nonprofits while its employees volunteered 110,344 hours. This giving total represents $4,729,495 in corporate and foundation contributions and $3,317,986 personally contributed by Wells Fargo Arizona team members during its annual Community Support Campaign in September. The Arizona team members’ volunteer… Read More →

FirstBank promotes Phoenix, West Valley officers

FirstBank

FirstBank Holding Company, a holding company with 17 banking locations throughout the state, announced the promotions of two of its Arizona officers. R.J. Gildea, who’s been with FirstBank since 2007, was promoted to senior vice president of the West Valley market. Jeffrey Miller, who’s been with the company since 2010 and is located in FirstBank’s Scottsdale location, was promoted to vice president of the Phoenix market. “We believe in rewarding our… Read More →

Bank 34 parent company going fully public

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Alamogordo Financial Corp., the parent company for Bank 34 (the “Bank”), announced today that its Board of Directors, together with the Boards of Directors of AF Mutual Holding Company and the Bank, have unanimously adopted a Plan of Conversion and Reorganization (the “Plan of Conversion”). Pursuant to the Plan of Conversion, the MHC will sell… Read More →

Bell Mortgage expands office in Phoenix

Enterprise Bank

Bell Mortgage is moving and expanding its mortgage offices to a larger office space on the second floor of its current location at  4435 E. Chandler Blvd. Suite 201 in Phoenix. “Moving into this space in our current building gives our expanding mortgage operations more room,” said Tony Weick, president of Bell Mortgage.  “We’re pleased to accommodate… Read More →

Desert Schools extends ‘Shine On’ campaign

Desert Schools - community service and leadership award

Desert Schools extended its Shine On Campaign to donate $60,000 to local nonprofits for one more month. Now in its second year, Shine On is Desert Schools’ largest philanthropic effort, with plans to donate $60,000 to six local non-profits. Launched in October, the program utilizes crowd sourcing as a way for the organizations to receive… Read More →

Committee passes SB 1316 to offer more loan options

Enterprise Bank

Members of Arizona’s House Ways and Means Committee last night passed legislation that offers more financial options in the marketplace. The bill, SB 1316, is sponsored by Sen. John Kavanagh (District 23) to give consumers more access to credit through legal and regulated loans. “Well-meaning Arizonans deserve to have a safe, legal and compassionate financial… Read More →

FirstBank continues Arizona growth with new branch

123rf.com: qvist

FirstBank Holding Company, a holding company with 17 banking locations throughout Arizona, announced the opening of its newest branch in Phoenix at 4925 N. 20th St., Phoenix, AZ 85016. The 4,200 square-foot location officially opened in late December, near 20th Street and Camelback Road, and replaces a nearby older local branch. Across Arizona, Colorado and California, FirstBank has more than 120 branches. To celebrate its opening, the public… Read More →

The problems associated with cash transactions

Sustainable Banks, Green Banking

In one form or another, in one denomination or many, paper money has been used in the U.S. for over 300 years.  However, recently the U.S. government has begun more closely scrutinizing cash transactions in U.S. banks as part of a larger U.S. effort to curb money laundering related to drug trafficking and other crimes. … Read More →

8 companies earn Industry Leaders of Arizona Awards

Photo: Anita Richey

Hundreds of Arizona’s best and brightest business leaders gathered Thursday at Chateau Luxe as Az Business magazine presented the 2016 Industry Leaders of Arizona Awards.  Presenting sponsors for the ILoA Awards were Arizona Central Credit Union, Clark Hill, CRESA, Lovitt & Touche’, RSM and Teladoc. The Industry Leaders of Arizona Awards recognize the contributions and impact of Arizona‐based companies on both the economy of Arizona and in… Read More →

Arizona Central Credit Union earns pair of awards

Enterprise Bank

Arizona Central Credit Union (ACCU) was named winner of two prestigious community service awards from the Mountain West Credit Union Association. The recognition includes the 2015 Community Impact Award and first place in a regional competition for the 2015 Dora Maxwell Social Responsibility Community Service Award. The Mountain West Credit Union Association is a regional association representing 125 member credit… Read More →

Enterprise Bank launches aircraft financing group

Enterprise Bank

Enterprise Bank & Trust established Enterprise Aircraft Finance, a unit specializing in financing and leasing solutions for the acquisition of fixed and rotor wing aircraft. The new niche will serve a broad array of clients, including individuals, corporations, charter operators, military contractors and aircraft dealers. In conjunction with the launch of Enterprise Aircraft Finance, Enterprise also purchased $21 million in outstanding aircraft… Read More →