Banking Archives

Wells Fargo expands middle market banking in Southwest

bank loan

Wells Fargo (NYSE: WFC), the  No. 1 lender to U.S. middle market companies, announced today that it has established a new Southwest Division of its Middle Market Banking business. The new division will expand local, dedicated expertise for the bank’s Arizona, New Mexico, and Nevada customers. Selected to lead the new division is Neal Crapo,… Read More →

HGTV star partners with Desert Schools Federal Credit Union

Arizona fans of HGTV’s top-rated show “Love It Or List It” will be ecstatic to learn that the show’s star, Hilary Farr, has signed an exclusive contract to partner with Desert Schools Federal Credit Union for the “Love My Home” sweepstakes. The contest, open to all Arizona homeowners in Maricopa, Gila and Pinal Counties, will award $100,000… Read More →

Chase Bank buys 67-acre campus in Tempe

Chase Bank purchased 67 acres at the Discovery Business Park in Tempe near Elliot Road and Loop 101, according to an announcement from the bank on Thursday. Chase plans to have more than 4,000 employees on the 800,000-square-foot office campus and will be moving the first wave of employees onto the campus during the first… Read More →

Jim Lundy looks back on his mark on banking industry

Alliance Bank

James H. Lundy’s impact on Arizona’s business community is undeniable. He is the founding CEO of Alliance Bank of Arizona and helped grow it from a start-up bank in 2003 into the fourth-largest banking organization in Arizona. Lundy is past chairman and current board member of the Greater Phoenix Economic Council (GPEC). He is immediate… Read More →

Business leaders see interest rate hike as sign of improving economy

The Federal Reserve raised the key interest rate by a quarter-percent Wednesday, to 1.0 percent, a move that Arizona business leaders welcomed as one that is likely to benefit Arizona consumers in the long run. The new rate is still low, they said, and should offer consumers more variability in areas such as banking without… Read More →

BestCompaniesAZ names 100 Best Companies in Arizona

It is the purpose of BestCompaniesAZ and our calling – and has been for 15 years. We knew that better workplaces would create better lives, better communities, and more profitable businesses. Although it wasn’t about the money, the financial success was proven to be a benefit for best companies. Ten years ago, we were excited… Read More →

Tips for confronting and tackling holiday debt

After A Long Recession, Over-Spending May Be Tempting

Confronting debt may be something many Americans resolve to do in 2017, especially after the holidays. When tackling post-holiday debt Americans should consider laying out a clear, coherent plan – and sticking to it without neglecting their other long-term financial goals, such as saving for retirement. If you want to reduce your holiday debt, you… Read More →

FinTech grows up

When Snoop Dogg disrupts your business, you know you’ve got problems … and “Gin and Juice” ain’t one. The rapper is among those investors backing Robinhood, a popular FinTech (financial technology) app that makes trading stocks simple and free. Both Apple and Google say it was one of the 10 most downloaded apps of 2015.… Read More →

Hughes Federal Credit Union reaches $1 billion in assets

Sustainable Banks, Green Banking

Tucson-based Hughes Federal Credit Union has doubled its assets and membership since the recession seven years ago, after reaching $1 billion in assets and 106,000 members, according to an announcement. “To put our growth in perspective, the Credit Union’s assets grew 20 percent in 2016 or one-fifth our size in one year,” said John Sansbury, chairman… Read More →

10 things to watch in banking in 2017

banking
by in AZ Business Magazine | Banking

Banks put a tremendous number of man hours and pour a staggering amount of resources in analytics so they can better understand, navigate and predict their risk environment. But there are some things that just cannot be predicted and banking leaders have to sit back and take a wait-and-see attitude. Technology, politics, interest rates and… Read More →

Desert Schools helps deliver holiday cheer to our troops

Arizona’s largest federal credit union, Desert Schools, is partnering with Packages From Home to provide gifts and needed supplies for soldiers who are deployed overseas this holiday season. Faced with diminishing supplies during the holidays, the Glendale-based non-profit lists several items needed for the military, however, the largest need comes in the form of monetary donations that provide… Read More →

Phoenix sees decline in consumer spending growth, report shows

A recent report on the Local Consumer Commerce Index for August 2016, shows that Phoenix is among 12 U.S. cities in the report to see a decline in consumer spending growth with a 1.68 percent decline in growth. The JPMorgan Chase Institute Local Consumer Commerce Index  reports that all but three of the 15 major… Read More →

Chase to hire 200, will host Nov. 29 job fair

companies hiring

Chase has 200 job openings for experienced and inexperienced individuals in the Phoenix market, and is hosting a job fair to fill the positions. The job fair will be held on Tuesday, Nov. 29, from 9 a.m. to 7 p.m. in the Phoenix Chase Tower, 201 N. Central Ave. The financial institution is hiring for… Read More →

FSL receives $105,000 in donations from Wells Fargo

Clear Title

Wells Fargo & Company (NYSE: WFC) announced it will donate $105,000 to the Foundation for Senior Living (FSL) with two grants in support of local neighborhood revitalization efforts. FSL is receiving $100,000 from the 2016 Wells Fargo Housing Foundation Priority Markets Program as that awarded $6 million in grants shared across 56 nonprofits. The Priority Markets Program provides grant support… Read More →