Finance Archives

Best practices to effectively utilize letters of credit

5 C's of Credit

In brief, a letter of credit is a document from a bank guaranteeing that a seller will receive full payment, as long as certain terms and conditions have been met. In the event that the seller is unable to cover the full payment the bank will put up the outstanding amount. A letter of credit… Read More →

Ranking Arizona® will get a new look for the 2016 edition


The 19th edition of “Ranking Arizona®: The Best of Arizona Business” will feature a makeover of the editorial content to help readers learn more about their favorite Arizona-based businesses. “Historically, we have published traditional profiles of each company,” said AZ Big Media Editor in Chief Michael Gossie. “This year, we are going deeper. We are… Read More →

Meet Arizona’s Most Admired Companies of 2015


Each year, Az Business magazine and BestCompaniesAZ chooses 40 companies as winners of Arizona’s Most Admired Companies Awards. When developing the Most Admired Companies program, the primary goal of Az Business magazine and BestCompaniesAZ was to recognize those companies that excel in workplace culture, leadership, social responsibility, customer opinion and innovation. Here are Arizona’s Most Admired Companies of 2015: Alliance Residential Company Most… Read More →

FirstBank surpasses $1B in Arizona loan originations

bank loan
September 21, 2015 by in AZ Business Magazine | Banking | Finance

FirstBank Holding Company, a holding company with 16 banking locations throughout Arizona, announced the bank has surpassed $1 billion in loan originations since opening its first state branch in 2007. The loans are a mixture of commercial real estate, business, individual home loans and for non-profit organizations. To celebrate, all 16 FirstBank branches in Arizona will have… Read More →

Cynthia Walter: Most Influential Women


Cynthia Walter, president, BAGNALL Walter is the president of BAGNALL, an employee benefits and HR consulting firm, and one of the only female company presidents in the industry. Greatest accomplishment: “I’ve been a member of Vistage, an executive leadership program, since 2010. This involves a full day each month of strategic planning with other VP’s, CEO’s,… Read More →

Christina Roderick: Most Influential Women in Arizona Business


Christina Roderick, principal, REDW Roderick, a CPA, has more than 17 years of experience in public accounting and leads REDW’s privately held business practice as a tax principal. Greatest accomplishment: “My promotion to principal at REDW. Being part of a firm with tremendous leadership, integrity, entrepreneurial spirit and client care is very exciting.” Childhood aspiration: “I wanted… Read More →

Big crowd honors Arizona’s Most Influential Women


A crowd of nearly 500 people packed Chateau Luxe in Phoenix Thursday night to honor Az Business and AZRE magazines’ Most Influential Women in Arizona Business. “The Most Influential Women issue of both magazines is easily our most popular issue of the year,”said AZ Big Media  Publisher Cheryl Green. “This year, we had more than 2,000 women… Read More →

Sue Hasenstein: Most Influential Women in Arizona Business


Sue Hasenstein, senior vice president, BMO Harris Bank Hasenstein oversees all sales functions within the Premier Services Banking for Arizona. She is accountable for revenue and balance sheet growth for a team that provides personalized financial services to individuals with investable assets from $250,000-$1 million. Childhood aspiration: “I wanted to be a doctor to make a… Read More →

REDW will host Tribal Finance Conference in Scottsdale

Talking Stick Resort’s hotel tower.

REDW LLC, one of the Southwest’s 10 largest and most respected certified public accounting and business consulting firms and nationally recognized for its service to Tribes, announced it will host The 2015 Tribal Finance and Leadership Conference at Talking Stick Resort in Scottsdale, Arizona on November 12th and 13th. The annual event, now in its 6th consecutive year,… Read More →

Healthcare Trust of America reports strong earnings


Healthcare Trust Of America (NYSE:HTA), a Scottsdale-based real estate investment trust, reported $0.38 earnings per share for the quarter on Wednesday, hitting analysts’ consensus estimate of $0.38. The firm earned $99.30 million during the quarter and quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. Second… Read More →

GPEC attracted 6,200 jobs during last fiscal year


The Greater Phoenix Economic Council (GPEC) saw another record-breaking year for the Greater Phoenix region as GPEC worked with its 22 member communities with the location and expansion of 32 companies over the course of the fiscal year ending June 30th.    Those companies will add more than 6,200 jobs across Greater Phoenix during the… Read More →

Longer-term car loans gain popularity in Arizona


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 →

FEI president hopes to help Arizona chapter give back


Adam Miller brought a broad range of experiences in finance, accounting, auditing, personnel, real estate, manufacturing and operational management to his role as president of the Arizona Chapter of Financial Executives International (FEI). Miller became CFO of Barron Lighting Group in 2010 and has helped the company achieve double-digit growth in the years since joining… Read More →

Silicon Valley’s Wasabi Ventures heads to Scottsdale


Wasabi Ventures, an early stage venture capital firm, announced today the formal launch of its operations in Arizona. After a nine-month due diligence process, Arizona was selected as the most promising location for a new office by the bi-coastal firm that has existing offices in Silicon Valley, Greater Boston, and Baltimore. “We see great potential… Read More →