Banking Archives

BMO: Arizona economy will accelerate in 2015

Deloitte Report Reveals Mid-Market Companies Expect U.S. Economic Growth

Arizona’s economy should pick up in 2015, with expected GDP growth of 3.5 percent, just ahead of the national average and an improvement from the expected 2.5 percent in 2014, according to the bi-annual U.S. State Monitor Report from BMO Economics. Steady population growth and job growth in the high-tech market will also help lead… Read More →

NB|AZ will air ‘Elevate AZ’ Super Bowl ad

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In an effort to promote Arizona and the businesses that impact its communities and citizens, National Bank of Arizona (NB|AZ) announced the airing of its official “Elevate AZ” commercial during the broadcast of Super Bowl XLIX. The commercial is a key portion of NB|AZ’s “Elevate AZ” campaign and will feature three Arizona businesses and two… Read More →

FirstBank tackles ‘Deflate-Gate’ with billboard

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A local bank is using a little humor around a recent incident to promote their expanding home loan business in Arizona. Yesterday, FirstBank, which operates 15 branches in the Glendale/Phoenix/Scottsdale metro area, put up a billboard within a mile of University of Phoenix Stadium — where the New England Patriots will play the Seattle Seahawks… Read More →

WVNB buys branch from NB|AZ

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Candace Wiest, president and CEO of West Valley National Bank, announced WVNB has entered into an agreement with National Bank of Arizona to acquire all of the assets and deposits of the Gila Bend branch of NBA. The transaction is anticipated to increase WVNB’s asset size by 20 percent. “As the West Valley’s only locally… Read More →

Age is his advantage, says BMO Harris leader

STEVEN ZANDPOUR: “The economic health of Arizona is definitely improving and the long term outlook is positive,” said the Arizona regional president for BMO Harris Bank. “This positive outlook, combined with our solid business plan, provides us a great opportunity for growth.” Photo by Shavon Rose, AZ Big Media

Steven Zandpour, the 38-year-old Arizona regional president for BMO Harris Bank, thought he has a sure-fire career blueprint to follow. “My cousin was in banking while I was in college and his goal was to ultimately own a business,” Zandpour said. “He told me that he was learning a lot about what banks look for… Read More →

Arizonans’ holiday spending tops national average

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Arizona residents plan to open their wallet wider than much of the rest of the country by spending an average of $1,248 over the holidays; that’s more than 10 percent higher than the national average of $1,129, both figures according to the BMO Harris Bank Holiday Spending Report. Slightly more than one-third (36 percent) report… Read More →

UMB acquires Marquette Financial Companies

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UMB Financial Corporation (Nasdaq: UMBF), a $16.3 billion diversified financial holding company as of September 30, 2014, headquartered in Kansas City, Mo., and the Pohlad family of Minneapolis, Minn., announced the execution of a definitive agreement for UMB to acquire Marquette Financial Companies (MFC), a $1.3 billion financial-services company owned by the Pohlad family, in… Read More →

Report: Affluent Arizonans donate an average of $6,259

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BMO Private Bank released the results of a study on holiday giving and gifting trends among high-net-worth Arizonans (those with investible assets of $1 million or more). The study is part of an ongoing series examining financial trends among the state’s affluent. According to the study: • High-net-worth Arizonans plan to donate an average of… Read More →

Arizona business owners optimistic for 2015

Deloitte Report Reveals Mid-Market Companies Expect U.S. Economic Growth

BMO Harris Bank released a study that found that business owners and executives in Arizona were optimistic about the prospects for the state’s economy in the coming year. Eighty-six percent of respondents feel Arizona’s economy will grow or stay at the same level in 2015 (39 percent say it will improve, 47 percent think it… Read More →

UMB Bank opens Biltmore location

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In the back of a large, architecturally beautiful, glass building on Camelback and 28th Street resides the newest bank to the Biltmore area, UMB Bank. UMB Bank, a previous resident to the Biltmore area, has returned and brought with them hopes of improving their community. “We want to become focused and help the community. Most… Read More →

Alliance Bank boosts Valley development, bottom line

ED ZITO: “We feel like we are all owners,” said the president of Alliance Bank of Arizona. “We like to preach to our newest members of the team, ‘run it like you own it.’ If you have than mentality from the get-go, that is the hallmark that has made us the largest headquartered bank in Arizona.” Photo by Shavon Rose, AZ Big Media

Ed Zito began his financial career with the United States Treasure Department. As president of Alliance Bank of Arizona, a subsidiary of Western Alliance Bancorporation, Zito helped the financial institution cross the $10 billion mark in June, obtain a $2 billion market cap for its stock and grow into the 67th-largest publicly traded bank-holding company… Read More →

Wells Fargo No. 1 SBA lender for Arizona

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Wells Fargo & Company announced it is the No. 1 Small Business Administration (SBA) 7 (a) lender in Arizona in amount of dollars and number of loans  approved for fiscal year 2014.  Wells Fargo approved $89,034,400 and 197 loans to Arizona businesses from Oct. 1, 2013 and Sept. 30, 2014. “Working with small business owners… Read More →

NB|AZ partners with Super Bowl Host Committee

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The Arizona Super Bowl Host Committee announces a new partnership with National Bank of Arizona (NB|AZ). The partnership is a fully integrated program providing Official Sponsor designation, a custom media plan with traditional, digital and social elements, business development assets, as well as Presenting Partner status of the CEO Forum. The recently announced CEO Forum… Read More →

Phoenix Chamber seeks nominees for IMPACT Awards

The Greater Phoenix Chamber of Commerce (GPCC) seeks nominations for its 2015 IMPACT Awards, which honor the accomplishments of outstanding Valley businesses and the positive impact they’ve made on the Greater Phoenix business community. Nominations — which can come from anyone in the community — are open from now until January 9, 2015, and can… Read More →