Banking Archives

Arizona Central CU teams up with Suns, Mercury

Shannon Brown

Arizona Central Credit Union has announced the signing of a multi-year marketing partnership agreement with the Phoenix Suns and Mercury basketball teams.  The NBA and WNBA teams play home games at the US Airways Center in Phoenix.  Also headquartered in Phoenix, Arizona Central Credit Union serves more than 55,000 members across Arizona with locations in… Read More →

Technology, preparation can help prevent fraud

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Fraud can come in many forms, from counterfeit checks to stolen credit cards and trusted employees to savvy hackers. For businesses, fraudulent activity is always bad news. According to the Association for Financial Professionals’ (AFP) 2015 survey, 62 percent of companies were targets of payments fraud in 2014 with financial losses that ranged anywhere from… Read More →

Super Bowl pumps $719 million into Arizona’s economy

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Super Bowl XLIX scored big for Arizona’s economy. A study completed by the Seidman Research Institute, W.P. Carey School of Business at Arizona State University, determined that Super Bowl XLIX, the 2015 Pro Bowl and related events produced a gross economic impact of $719.4 million in the region. The announcement was made today at The… Read More →

Desert Schools plans day of service at food banks

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Summer break for many children means time playing at the pool, going to camp and family vacations. However, for many in Arizona the summer is a very difficult time due to food insecurity. Desert Schools Federal Credit Union wants to make a difference. On June 24, more than 150 managers and employees from Arizona’s largest… Read More →

Enterprise Bank to inject capital into Arizona projects

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Enterprise Financial CDE, LLC, the community development entity of Enterprise Financial Services Corp (NASDAQ: EFSC), has been selected by the CDFI Fund of the U.S. Department of Treasury to receive a $65 million allocation of New Markets Tax Credits (NMTC). In Phoenix, Enterprise Bank & Trust is actively seeking investment opportunities for a portion of… Read More →

Homeowners Financial Group continues to grow

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Scottsdale-based Homeowners Financial Group USA, LLC has announced that it recently opened two new offices – Tampa and Orlando – enlarging the award-winning mortgage company’s footprint to 21 offices in 10 states nationwide.  Since January 2015, Homeowners Financial Group’s Florida Regional Manager Ted Jeschke has increased the company’s Florida team to 17 employees between the… Read More →

Bank of America awards $275K to 20 nonprofits

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The Bank of America Charitable Foundation has announced $275,000 in grants to 20 nonprofits providing workforce development and education opportunities in Valley communities including Phoenix, Scottsdale, Tempe and Chandler. The grants are part of Bank of America’s focus on employment opportunities and preparing the under-employed and the next generation of workers with the skills needed… Read More →

UMB Bank expands Phoenix team

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UMB Bank, n.a., a subsidiary of UMB Financial Corporation has hired Tom Goetzinger as vice president, portfolio manager and Sean Scibienski as vice president, business banking relationship officer for its Arizona team. Goetzinger has more than 15 years of experience in the financial services industry. In his role, he is responsible for all aspects of… Read More →

Wells Fargo supports food banks in annual drive

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Wells Fargo will be conducting its annual summer statewide food drive June 9-23.  The event collects donations for food banks that span the entire state with collection bins in all 260 Wells Fargo Community Banking stores throughout Arizona. Donations will benefit members of the Association of Arizona Food Banks.  In 2014, Arizona food banks collectively… Read More →

UMB Financial finalizes acquisition of Marquette

Vestar Development Investment

UMB Financial Corporation, a $16.7 billion diversified financial holding company, headquartered in Kansas City, Mo., has completed the acquisition of Marquette Financial Companies (MFC), a $1.4 billion financial-services company owned by the Pohlad family, in an all-stock transaction. With this deal, UMB has acquired 13 branches in Arizona and Texas, two national specialty lending businesses… Read More →

Scottsdale Shea Medical Center in ‘100 Great Hospitals’

Gary Baker, chief executive office, HonorHealth Scottsdale Shea Medical Center.

HonorHealth Scottsdale Shea Medical Center was recently named one of the “100 Great Hospitals in America” by healthcare industry trade publication Becker’s Hospital Review. With its selection of HonorHealth, the editorial team from Becker’s noted several positives including surgical expertise, patient safety, education and research capabilities. Editors also highlighted the hospital’s orthopedic programs and involvement… Read More →

Longer-term car loans gain popularity in Arizona

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When Tucson resident Valerie Vinyard purchased a new car in 2010, she expected to take out a five-year loan, but the dealership presented her with a longer financing option to reduce her monthly payments. Vinyard opted for a six-year car loan to reduce her payments to about $200 a month, which shaved off $50 to… Read More →

Foster financial clarity before wedding, expert warns

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With June coming up, wedding season is fast approaching.  Couples of all ages are working out the final details before they walk down the aisle. However, older or more financially settled people, who may be on a second (or third) marriage, may need to take a few additional steps to ensure the well-being of their… Read More →

Wells Fargo grants $500,000 to help revitalize Tucson

An Aerial Shot of Downtown Tucson, Arizona

Wells Fargo & Company (NYSE:WFC), one of America’s leading community banks and the nation’s largest home mortgage lender, today announced donations totaling $500,000 to seven local nonprofits to help strengthen and revitalize Tucson neighborhoods through the Wells Fargo NeighborhoodLIFT® program. The local grant recipients were identified in close collaboration with Tucson Mayor Jonathan Rothschild to… Read More →