banks Archives

3 Reasons the Bank Says No

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If your application for a small business loan has been denied, you are not alone. In fact, only about 10 percent of the small business borrowers who apply at the bank leave with a loan. Although the bank may give you a song and dance about why you were denied, it usually boils down to… Read More →

Tiffany & Bosco Adds Zoning and Land Use Group

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by in Business News | Legal | Real Estate

The law firm of Tiffany & Bosco P.A. announced that zoning attorney William E. Lally, and AICP certified land use planners Kurt A. Jones and Benjamin J. Patton have joined the firm.  Tiffany & Bosco’s Land Use and Zoning practice is dedicated to working closely with builders, developers, brokers, banks and design consultants; focused in the… Read More →

Tiffany & Bosco Adds Zoning and Land Use Group

Test
by in Business News | Legal | Real Estate

The law firm of Tiffany & Bosco P.A. announced that zoning attorney William E. Lally, and AICP certified land use planners Kurt A. Jones and Benjamin J. Patton have joined the firm.  Tiffany & Bosco’s Land Use and Zoning practice is dedicated to working closely with builders, developers, brokers, banks and design consultants; focused in the… Read More →

Banks report stronger profits, more lending

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U.S. banks are enjoying their best profits in six years and are lending a bit more freely. The gradual improvement suggests that the industry will sustain its healing from the worst financial crisis in decades and help strengthen the economy. The industry earned $37.6 billion from July through September — a 6.6 percent increase from… Read More →

Arizona Ranks 50th for Average Savings Balances

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With the economy widely tipped to be a determining factor in this year’s election, Pitney Bowes Software today released new data that shows a decline in consumers’ average savings balances in four out of nine battleground states. Average savings account balances for the full year 2011 fell in absolute terms in four swing states –… Read More →

Understanding The Function, Purpose, Regulation Of Financial Institutions

financial institutions - bank

The functions and regulations of financial institutions have changed since our most recent recession and will likely continue to be governed at a higher level going forward. This is critical for the success of our future economy. Financial institutions help provide opportunity for our economic growth and improve our living standards. They do this by… Read More →

Cash is King, but Wrong Choices Can Bring Down a Contractor

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by in Economy | Real Estate

You’ve heard the phrase a million times – “Cash is king.” But what are we trying to accomplish with cash? Does cash equal success? Profit? Stability? Does a lack of cash signal a problem? It all depends on your perspective. Contractors are in a unique business where everything is based off of estimates, so revenue… Read More →

Johnson Bank Closing 4 Offices In Arizona

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by in Economy | Finance | Workforce

Johnson Bank offices in Phoenix, Mesa Peoria and Rio Verde will close their doors on Jan. 8, 2011, it was announced today. The closings come as a part of the bank’s plan “to maintain the health of the business in the midst of depressed economic conditions,” according to a company press release. Arizona office closing… Read More →

Bob McGee – President And CEO, Southwestern Business Financing Corporation

Bob McGee Southwestern Business Financing Corporation

Fourth generation banker Bob McGee, president and CEO of Southwestern Business Financing Corporation, sees a rough year ahead for small businesses in Arizona. When McGee says rough, he means rough compared to Arizona’s customary booming economy. “We may only have 2 to 3 percent growth in the state, but as long as we have water… Read More →

Arizona Banks Work To Revive Consumer Confidence After Market Upheavals

working to revive customer trust
by in AZ Business Magazine | Economy | Finance

Bank failures are in the headlines and that has raised questions for Arizona consumers.  As a result, many of the state’s banks have drawn up their own plans of action to keep customers informed and confident. “In a period of financial distress and instability, the more banks do to indicate the strength of their portfolios… Read More →

State-Chartered Banks Are Still Lending Despite The Credit Crunch

Money Flow
by in AZ Business Magazine | Economy | Finance

The credit crunch is gripping much of the nation, but Arizona banks are still lending money and most are well-capitalized to weather tough economic times. The state’s core capitalization rate of 10.31 percent is well above the national average of 7.89 percent. That means Arizona banks have a good cushion to ride out the mortgage-induced… Read More →

As More People Lose Their Homes, Banks Are Left Holding The Keys

ForeclosureFallout

Acquiring real estate through foreclosures is not exactly the type of transaction banks relish. That’s especially true in a down market that is overloaded with raw land and homes — and a paucity of potential buyers. Estimates of the amount and value of acquired real estate through foreclosures are difficult, if not impossible, to come… Read More →