Tag Archives: Benito Almanza

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Leadership spotlight: Benito Almanza

Benito Almanza
Arizona Market President
Bank of America
bankofamerica.com

Benito is Bank of America Arizona Market President. A graduate of Stanford University and the University of Santa Clara, he has been with the bank for 34 years.  He currently chairs the Phoenix Aviation Advisory Board and is a member of the Teach for America Arizona Board and Greater Phoenix Leadership.

Biggest challenge: “Realizing that a 13-hour work day six to seven days per week was not good for myself or my family and doing something about it.  I readjusted my 10-year career plan to balance priorities putting my focus on my family and building my professional skills.”

Best advice to offer: “Keep the lines of communication open and be sure that credit for good work is delivered regularly and to the right people.”

Yarnell Hill Fire

Bank of America Donates $25,000 To Fire Fund

The unimaginable tragedy that took the lives of 19 members of the Granite Mountain Hotshots has left everyone in Arizona reeling, but none more than the friends, families and colleagues of the firefighters and the residents of Yarnell whose lives have been turned upside down.

The first instinct for officials at Bank of America was to help as best that can.  For that reason, and to make the best, most-effective use of the services, support and resources already in place in Yavapai County, Bank of America is donating $25,000 to the Yarnell Emergency Fire Fund at the United Way of Yavapai County.  The Fund will help those who have lost loved ones fighting the fire with the Granite Mountain Hotshots and the residents of Yarnell who have lost their homes to the wild fire.

In addition, the Bank of America Charitable Foundation will match employee donations to relief efforts through the bank’s Matching Gifts program.

“Every single member of the Bank of America team in Arizona has been affected by the incredible bravery and unspeakable devastation of the Yarnell Fire,” said Bank of America Arizona President Benito Almanza.   “We don’t have to live in Prescott or be close enough to see the fire or smell the smoke to know that these horrific experiences bring us closer together as a community.  As neighbors, however you define that, we wish we could do more.”

“This tremendously generous donation will be of critical use to help those most affected by this tragedy move forward,” said Yvonne Bartlett, Development Director, United Way of Yavapai County.   “We very much appreciate the quick and thoughtful response of Bank of America and its employees, both those living in Yavapai County and those whose hearts are with us from around Arizona.”

For more information about the Yarnell Emergency Fire Fund go to www.unitedwayyavapai.org.

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AZ Business Magazine March/April 2013

AZ Business Magazine March/April 2013

Economy has a Latin flavor

Michael GossieThere is no denying the strong Hispanic influence on the Valley. From the food we eat to the bilingual billboards on our highways, the impact is undeniable. But where the impact is growing in importance is on the economy of Arizona. Consider these facts from the Arizona Hispanic Chamber of Commerce’s 2012 DATOS report:

  • Arizona has the fifth-largest percentage of Hispanic-owned businesses in the United States, with 10.7 percent of the state’s businesses led by Hispanic owners.
  • By 2015, Arizona’s Hispanic purchasing power will grow to $50 billion, up from $40 billion in 2012.
  • From the fall of 1998 to the fall of 2012, Hispanic students accounted for 87 percent of Arizona’s total student enrollment increases. In 2012, Hispanic student enrollment will surpass white, non-Hispanic students.

The impact is here and the impact is growing. Some of Arizona’s greatest companies — Bank of America (Benito Almanza), Ryley Carlock & Applewhite (Rodolfo Parga, Jr.), D.P. Electric (Dan Puente), Fortis Networks, Inc. (Clarence McCallister) — are run by Hispanic leaders.

In this issue of Az Business magazine, we take a look at some of the state’s amazing business leaders, who also happen to be of Hispanic descent.

These men and women bring a spirit and energy to Arizona business that defines the United States of America. Enjoy “The 20 Most Influential Hispanic Business Leaders in Arizona.” It showcases the evolving face of Arizona business.

Michael Gossie Signature

Michael Gossie, Managing Editor

Read more articles from this issue.

Take it with you! On your mobile, go to m.issuu.com to get started.

hispanic

The 25 Most Influential Hispanic Business Leaders

Benito Almanza
Arizona president
Bank of America
Born into a family of migrant workers, Almanza is now responsible for all lines of business efforts, community and civic activities in the state. The graduate of Stanford University and the University of Santa Clara has been with Bank of America for 30 years, working in California before moving to Arizona in 1992.
His hope for his professional legacy: “Hiring top talent and developing them to replace me someday.”
Surprising fact: “Growing up working with my family in the fields helped me better understand agribusiness banking.”

Marty Alvarez
CEO, principal in charge
Sun Eagle Corporation
Alvarez is founder of family-owned and operated Sun Eagle, one of the top minority-owned general contracting and construction management firms in the country. He has been a chair and officer for the Associated Minority Contractors of America since 1993.
His hope for his professional legacy: “That our well-constructed buildings improved the landscape, and our assistance to individuals and families improved lives.”
Surprising fact: “I have been involved with Shotokan Karate continuously for the past 39 years.”

Victor M. Aranda
Area president, Northern Arizona
Wells Fargo Arizona
Aranda manages six Wells Fargo Community Banking markets; Northeast Arizona, Central Arizona, White Mountains, North Phoenix, North Scottsdale and Scottsdale. He is responsible for 816 team members, 69 banking stores, and $4.1 billion in deposits. A 25-year financial services veteran, Aranda presently serves as a board member for Arizona Hispanic Chamber of Commerce and Valley Leadership Arizona.
His hope for his professional legacy: “My passion in life is to add value to those I come in contact with.  What I would like to be remembered for is how I spent my life serving, helping and developing the leaders of tomorrow.”
Surprising fact: “I was involved and directed a church Spanish choir and I have also sang in Las Vegas at the Bellagio Hotel.”

Tony Astorga
Retired CFO
Blue Cross Blue Shield of Arizona
Astorga recently retired from Blue Cross Blue Shield of Arizona where he served as the Senior Vice President, CFO & CBDO since 1988. He currently serves as chairman of the Arizona Hispanic Chamber of Commerce Foundation and is a member of the board of directors for the Arizona Community Foundation, AZHCC, ASU Foundation, CSA General Insurance Agency, Phoenix Art Museum, and US Bank Arizona.
His hope for his professional legacy: “I would like to be remembered in my profession as a CPA and CFO for being a good mentor and for helping develop my staff in their work ethic and level of growth.”
Surprising fact: “I have a sweet tooth for twinkies or that my favorite movie is ‘Planes, Trains and Automobiles’, I still laugh when I think about the movie”.

Miguel Bravo
Senior community development consultant
Arizona Public Service Company
Bravo is responsible for directing community development initiatives statewide to help serve diverse markets for APS. He also collaborates with economic development organizations to attract industry to Arizona. Bravo also serves the boards of Friendly House, Arizona Hispanic Chamber of Commerce, Latino Center at Morrison Institute, Boys Hope Girls Hope and Jobs for Arizona’s Graduates.
His hope for his professional legacy: “For conducting business with integrity, purpose, passion; and for having a conviction for public service.”
Surprising fact: “I became a US Citizen in 2007. Having grown up in Arizona, this was one of my proudest moments.”

José Cárdenas
Senior vice president and general counsel
Arizona State University
Before joining ASU in 2009, Cárdenas was chairman at Lewis & Roca, where he became the first Hispanic to serve as managing partner of a major law firm in Arizona. A Stanford Law School graduate, Cárdenas has served on many boards and commissions and has received various awards.
His hope for his professional legacy: “As a good lawyer who served his clients and community well with the utmost integrity.”
Surprising fact: Cárdenas was involved with death penalty cases for more than 30 years.

America Corrales-Bortin
Co-founder
America’s Taco Shop
Corrales-Bortin grew up Culiacán in Sinaloa, Mexico, watching her mother prepare the dishes that would become the recipes for success at America’s Taco Shop. Founded in 2008, America’s authentic carne asada and al pastor quickly built a following that has led to rapid expansion and a partnership Kahala, a franchise development company. So far in 2013, America’s has already moved into California, Texas and Maryland.
Her hope for her professional legacy: “As someone who has a passion for the food we serve at America’s Taco Shop.”
Surprising fact: “People would be surprised that I am named after a famous soccer team in Mexico.”

Gonzalo de la Melena Jr.
President and CEO
Arizona Hispanic Chamber of Commerce
In addition to leading the Hispanic Chamber, de la Melena Jr. operates the Phoenix Minority Business Development Agency (MBDA), the state’s leading advocate representing more than 100,000 minority business enterprises. De la Melena is also the Founder of edmVentures, LLC a small business investment company with holdings in Phoenix airport concessions at Sky Harbor International.
His hope for his professional legacy: “Helping small businesses succeed.”
Surprising fact: “I had the opportunity to do business in more than 30 countries before the age of 30.”

Robert Espiritu
Acquisition marketing
American Express
Espiritu’s diversified professional experience includes working for small business enterprises as well as corporate 100 businesses in the areas of sales, marketing and financial management. He has also been actively involved with various nonprofit organizations; most recently as the former chairman of the board for the Arizona Hispanic Chamber of Commerce.
His hope for his professional legacy: “Innovative and focused leader who delivers with energy and is known for building successful relationships and high performing teams.”
Surprising fact: “As a first generation American, I am passionate about helping aspiring and under-privileged youth achieve their dreams and advocating for Hispanic career advancement, education and scholarships.”

Dr. Maria Harper-Marinick
Executive vice chancellor and provost
Maricopa Community Colleges
Harper-Marinick oversees all areas of academic and student affairs, workforce development, and strategic planning. She serves on several national and local boards including ABEC and AMEPAC, which she chairs.  Originally from the Dominican Republic, Harper-Marinick came to ASU as a Fulbright Scholar.
Her hope for her professional legacy: “Passion for, and unwavering commitment to, public education as the foundation of a democratic society.”
Surprising fact: “The joy I get from driving fast cars.”

Julio Herrera
National Spanish Sales and Retention Director
Cox Communications
Herrera and his team work across markets and cross-functional departments to drive Spanish language sales and grow Cox’s Hispanic markets nationally. He also helped establish LIDER, a leadership program tailored for Hispanic team members looking for advancement opportunities in Phoenix and Southern Arizona.
His hope for his professional legacy: “Growing and improving the Hispanic customer experience and making a difference our communities.”
Surprising fact: “Spanish was my first language and I started my career in sales leadership at 18 ears old.”

Lori Higuera
Director
Fennemore Craig
Higuera defends, provides counsel and trains employers of all sizes. She’s a Southwest Super Lawyer, an employment law expert for the Arizona Republic/Arizona Business Gazette and is a recent recipient of the High-Level Business Spanish Diploma from the Madrid Chamber of Commerce.
Her hope for her professional legacy: “A skilled lawyer who elevated the practice by integrating the diverse perspectives of our community.”
Surprising fact: “I was fired from my first job as a Santa’s helper for being too social!”

Ana María López, MD, MPH, FACP
Associate dean, outreach and multicultural affairs
Professor of medicine (Tenured) and pathology, College of Medicine
Medical director, Arizona Telemedicine Program
University of Arizona
López has a passion for addressing health inequities and human suffering. From clinical research with molecular targets to health services research, her work focuses on optimizing the health of individuals and communities.
Her hope for her professional legacy: “Life is an opportunity to contribute. I hope to contribute, to make a difference.”
Surprising fact: “I love simple pleasures. Witnessing the daily miracle of the sun rising sustains me.”

Paul Luna
President and CEO
Helios Education Foundation
Luna leads Helios Education Foundation, a philanthropic organization dedicated to creating opportunities for individuals in Arizona and Florida to succeed in postsecondary education. He is the former president of Valley of the Sun United Way and has held positions with Pepsi, IBM and the Office of Governor Bruce Babbitt.
His hope for his professional legacy: “That I cared about our community and helped make it better.”
Surprising fact: “I’m seriously considering getting matching tattoos with my kids in the near future.”

Steve Macias
President and CEO
Pivot Manufacturing
Macias is a co-owner of Pivot Manufacturing, a Phoenix machine shop, chairs the Arizona Manufacturers Council, and is on the boards of the Arizona Commerce Authority and the Arizona Hispanic Chamber. He is an active proponent of manufacturing in Arizona and a proud father of three boys.
His hope for his professional legacy: “Contributed in some small way to the sustainment of manufacturing in Arizona.”
Surprising fact: “In high school, I was the school mascot – a Bronco.”

Mario Martinez II
CEO
360 Vantage
Martinez is responsible for the overall vision, strategy and execution of 360 Vantage, a leader in cloud-based sales and marketing technology solutions designed to solve the unique challenges of the mobile workforce in life sciences, healthcare and other industries.
His hope for his professional legacy: “I would most like to be remembered for truly changing the lives of our clients, employees and our community in great and meaningful ways.”
Surprising fact: “I hosted a radio show during my college years.”

Clarence McCallister
CEO
Fortis Networks, Inc.
McAllister was born in Panama and earned his master’s in electrical engineering from ASU. In 2000, he and his wife started Fortis Networks, Inc., a certified 8a and HUBzone government contractor specializing in engineering, construction and technology services.
His hope for his professional legacy: “Building a world-class organization that always exceeds our customers’ expectations.”
Surprising fact: “I did an emergency landing on a City of Mesa street.”

Rodolfo Parga, Jr.
Managing shareholder
Ryley Carlock & Applewhite
In addition to managing a law firm with 120 attorneys, Parga has been to Best Lawyers in America for the last four years. He also serves as Chairman of the Board of Chicanos Por la Causa, a leading non-profit helping advance and create economic and educational opportunities.
His hope for his professional legacy: “I want to be remembered as always trying to do the right thing and having led with integrity.”
Surprising fact: “I was bullied until age 11, which drove me not only to strengthen my body, but my resolve.”

Hector Peñuñuri
Senior planning analyst
SRP
Peñuñuri is an Arizona native and has spent most of the past 15 years in the Customer Services Division at SRP.  He has served on several boards including the Arizona Hispanic Chamber of Commerce and LISC.  He was raised in the West Valley, and currently resides in Gilbert.
His hope for his professional legacy: “A trusted and valuable team member/leader; a communicator who understands the importance of sharing knowledge to help others.”
Surprising fact: “I’m a jack of all trades – woodworker, photographer, musician, outdoorsman and a decent cook when I put my mind to it.”

Dan Puente
Owner
D.P. Electric
Puente founded D.P. Electric in 1990 out of his garage with one truck. D.P. Electric now has more than 200 employees and generated more than $30 million in revenue in 2012, making it the biggest Hispanic-owned company in Arizona.
His hope for his professional legacy: “A guy that is fair, honest, hard-working and gives back both personally and professionally.”
Surprising fact: “Professionally, that I do not have a college degree and personally, that I am a Bikram Yoga junkie.”

Marie Torres
Founder
MRM Construction Services
Torres is an Arizona native and built her business in the community that she grew up in. With more than 30 years experience in the construction field, she started MRM in 2002 and currently has more than 50 employees. The focus of her company has been in government contracting and has self performed airfield work at Luke AFB, MCAS Yuma and Davis Monthan.
Her hope for her professional legacy: “As being technically competent.”
Surprising fact: “I don’t like to drive and I am happy as a passenger – even in my own car.”

Lisa Urias
President and CEO
Urias Communications
After 15 years in international marketing and communications, Urias founded Urias Communications to address the need for advertising and PR with a uniquely multicultural focus. Now an award-winning advertising, and PR agency, Urias Communications specializes in the multicultural markets of the U.S. Southwest, with concentration on the burgeoning Hispanic market.
Her hope for her professional legacy: “Bridging the divide between corporations and the growing Hispanic community for mutual benefit and respect.”
Surprising fact: “I am a fourth-generation Arizonan whose grandfather was the first Hispanic city councilman.”

Dawn C. Valdivia
Partner, chair of the Labor & Employment Practice Group
Quarles & Brady
Valdivia is the chair of Quarles & Brady’s Labor and Employment Group in Phoenix. She regularly advises clients in all matters of labor and employment law and is skilled in complex litigation matters, including wage and hour class action litigation in Arizona and California.
Her hope for her professional legacy: “A creative problem solver, committed to her clients and to giving back to the community.”
Surprising fact: “I love adventure — sky diving, gliding, scuba diving, helicopters, etc.”

Lorena Valencia
CEO
Reliance Wire
Valencia is the founder and CEO of Reliance Wire Systems, a wire and tubing manufacturing company she founded in 2000. She is also the founder and president of Magin Corporation — an eco-friendly wood pallet alternative company — and the FRDM Foundation.
Her hope for her professional legacy: “Empowering children by building schools and libraries in impoverished countries through my FRDM Foundation.”
Surprising fact: “I put hot peppers on almost everything I eat. The hotter. the better.”

Roberto Yañez
Vice president and GM
Univision Arizona
Yañez is a 27-year broadcast television veteran, who has served 17 of those years with the Univision Television Group (UTG). Yañez has created various opportunities that helped build the station’s relationship with the community: Cadena de Gente Buena, El 34 Esta Aqui and Ya Es Hora.
His hope for his professional legacy: “Someone who used his craft to build bridges between the problem and the solution.”
Surprising fact: “Though Monday through Friday you will never see me without a suit and tie, I am most comfortable in boots, jeans and driving a pick-up truck.”

Benito Almanza Arizona State President Company: Bank of America - AZ Business Magazine Sept/Oct 2010

CEO Series: Benito Almanza

Benito Almanza
Title: Arizona State President
Company: Bank of America

How would you assess the banking industry’s reactions to the new financial reform law? What are the industry’s biggest concerns, particularly in regards to derivatives and less onerous regulation on small banks?
Bank of America has generally supported reforms, including the formation of a new consumer protection agency. While this reform will ultimately have an effect on many businesses across Bank of America and other financial service companies, customers and clients should not expect any abrupt changes as a result of this legislation. The full impact and scope of the bill may take years to be felt, as regulators establish hundreds of new rules to implement the law.

The year 2009 was a tough one for Bank of America in terms of the federal bailout and executive shakeup. How has repaying the bailout and installing a new CEO affected the company’s operations and public image?
In December, Bank of America took a series of important actions to move our company forward. We repaid the entire $45 billion preferred stock investment provided under the Troubled Asset Relief Program (TARP), plus interest. A few days later, Brian Moynihan was selected to lead our company. He has a level of credibility and broad-based experience few can rival, having led every major line of business in financial services, including wealth management, corporate and investment banking, and consumer and small business banking.

As Arizona president for B of A, how have you — and your peers from other large banks — addressed the concerns Main Street has about Wall Street?
The industry understands that our well-being is interconnected with the health and vitality of the economy and the communities we serve. It is not in any companies’ interest to put profit over common sense. Nor is it in anyone’s interest to lose sight of the value our industry provides among legitimate concerns about the difficulties of the recent past. Our challenge for the foreseeable future — and I think we’re moving in the right direction — is to reconcile this and strengthen our financial system by working with leaders and regulators in a spirit of trust and goodwill.

In speaking for my own company, Bank of America has introduced clarity commitments within our card, deposit and mortgage services to make sure customers receive clear and easy to understand language about their relationship with our bank. In addition, our new overdraft fee changes went into effect July 1, whereby we will decline a debit card transaction at the point of sale when there is not enough money in the account for the transaction, and not charge overdraft fees to the customer.

Small businesses are having a difficult time getting loans and various lines of credit. B of A prides itself on its No. 1 SBA-lender status. How important is that role in the economic recovery?
With 4 million small businesses customers — more than any other bank — Bank of America feels a deep sense of responsibility to support them in every way possible. In the first half of 2010, we provided $45.5 billion in loans to small and medium-sized companies, well on our way to meeting our pledge to increase lending by $5 billion over 2009 levels, or $86.4 billion.

We continue to also look for creative ways to help these businesses bridge to a stronger economy. For example, we recently announced a new program that can help as many as 8,000 small businesses obtain $100 million in federal microloans through nonprofit lenders like CDFIs, by providing CDFIs with grants to cover loan loss reserves required to get the SBA/USDA loan capital. This is low-cost, long-term capital for small business microloans nationwide over the next 12 months.

What challenges and opportunities lie ahead for the banking industry in Arizona?
Arizona’s economy will probably be on a slower track than most states because of the significant losses in our housing and jobs markets. That being said, there are many bright spots to look forward to and we must continue to make every good loan we can and focus on opportunities that will help our long-term economic recovery …

    Vital Stats


  • Has been with Bank of America for more than 30 years
  • Responsible for the overall performance of all business banking activities in Arizona
  • Graduate of Stanford University and Santa Clara University
  • Member of the California State Bar Association
  • Member of the U.S. District Court Northern District Association
  • Member of the Greater Phoenix Leadership and Arizona Bankers Association
  • Serves on the board of Phoenix Aviation and Teach for America
  • www.bankofamerica.com

Arizona Business Magazine Sept/Oct 2010