Tag Archives: Commerce Bank of Arizona

A Guide to Applying for a Bank Loan

First Scottsdale Bank Acquires Commerce Bank of Arizona

First Scottsdale Bank and Commerce Bank of Arizona, Inc.’s parent company, CBOA Financial, Inc., have announced an agreement to merge as part of an $8.6 million transaction.  With over $300 million in assets and eight branches stretching from Scottsdale to Tucson, the combined company will be the second largest community bank franchise headquartered in Arizona.  As part of the transaction, the combined company will undertake a $10 million common equity offering.

The combined bank will operate under the Commerce Bank name.

“We are very optimistic about the long-term growth prospects for the Tucson market, and this transaction leaves us poised to capitalize on robust economic growth in the two largest markets in Arizona,” said Rich Vogel, chairman and CEO of First Scottsdale Bank.  Vogel added, “Our combined organizations are in a very strong capital position and we will be aggressively lending to creditworthy customers in both Phoenix and Tucson.”

John P. Lewis will come out of retirement to serve as president of the bank’s Tucson Operations.  Lewis is not to be confused with John S. Lewis, who became president and CEO of Commerce Bank of Arizona in May 2012.

The transaction is expected to close in the second half of 2013, subject to customary regulatory and shareholder approvals.

First Scottsdale was recently recognized by MSN as the only bank in Arizona, and one of only 359 of more than 7,300 banks nationwide, with a perfect score in a measure of bank safety.

“This significant achievement during a period of aggressive growth of our organization is a direct reflection of the leadership and the culture created by our president, Chris Webster,” said Vogel.

The new Commerce Bank of Arizona offers a complete line of business and consumer banking services, including a variety of commercial, real estate and mortgage loan products. With offices in Scottsdale, Mesa, Tucson, Green Valley and Tubac, the bank specializes in customized financial services to small business owners, professionals, nonprofit organizations and individuals. For more information, call (480) 998-8408.

diaper drive, homeward bound

Homeward Bound's Baby Diaper Drive In Need Of 200,000 Diapers, Wipes

Help fill the gaps and ensure bright, healthy futures for babies and toddlers in need. Homeward Bound’s 14th Annual Baby Diaper Drive is underway, collecting diapers and baby wipes for Homeward Bound families.

Homeward Bound’s Diaper Lady team of volunteers has set the goal of collecting 200,000 diapers and $75,000 in emergency baby funds. All wipes and any and all sizes of diapers will be accepted, with a greater need for larger sizes (4, 5 and 6).

Because diapers and baby wipes cannot be purchased with food stamps, many children go without ― in addition to medication, hearing aids and other health-related needs. Thus, mothers are often forced to miss work and stay home to care for their children, perpetuating the cycle of unemployment and homelessness.

For those interested in donating, you can do so until February 15. Drop-off locations include the following:

Phoenix

Homeward Bound
2302 W. Colter St., Phoenix
(602) 374-8753
Mon.–Fri., 8 a.m. – 5 p.m.

BestBill
22639 N. 17th Ave., Phoenix
(623) 516-4700, ext. 144
Mon.-Fri., 9 a.m. – 4:30 p.m.

Mesa

LeBaron & Carroll
1350 E. Southern Ave., Mesa
(480) 834-9315, ext. 122
Mon.-Fri., 8 a.m. – 5 p.m.

Commerce Bank of Arizona
3156 E. Baseline Rd., Mesa
(480) 346-7550
Mon.-Fri., 9 a.m. – 4:30 p.m.

Scottsdale

Commerce Bank of Arizona
4110 N. Scottsdale Rd., #120, Scottsdale
(480) 253-4500
Mon.-Fri., 9 a.m. – 4:30 p.m.

Central Arizona Bank
7001 N. Scottsdale Rd., #1000, Scottsdale
(480) 596-0883
Mon.-Fri., 9 a.m. – 5 p.m.

For more information on Homeward Bound’s 14th Annual Baby Diaper Drive, visit BabyDrive.org; or, find them on Facebook.


Check out one school’s involvement:


Arizona Business People & Promotions

Arizona Business Promotions And People Moving Up

Arizona Business Promotions July 28, 2011  - Arizona business is booming as important executives across the Valley are being appointed, promoted and honored. Major companies highlight their updates on essential leaders within their divisions.

Congratulations to the following who have shown excellence in their field:

Macerich Executive

Garrett Newland:

Newland, Vice President of Development for Macerich, has been appointed to the Transportation Policy Committee at the Maricopa Association of Governments.

Garrett Newland: Arizona Business Promotions


Cosanti Foundation

Jeff Stein:

Stein has been elected as the new President and CEO after Paolo Soleri’s retirement.


Johnson Bank Wealth Group

Alex Kramer:

Kramer was appointed Senior Vice President – Wealth Management Sales for the Johnson Bank Wealth Management team.

Alex Kramer: Arizona Business Promotions


Blueocean Market Intelligence

Kirsten Markson:

Markson has been promoted to account director.

Blueocean Market Intelligence announces the addition of four key staff –
Dennis Goodman, senior research manager
Caryn Marchuk, account manager and
Andrea Libey, marketing and corporate communications manager.

Kirsten Markson: Arizona Business Promotions

W.J. Maloney Plumbing Co.

Dennis Hertzog:

Hertzog has been appointed to commercial operations manager.

Dennis Hertzog: Arizona Business Promotions

Commerce Bank of Arizona

Shareef Simaika:

Simaika has been promoted to Vice President – Credit Analysis Administration.


CHEEERS

Phillip Biel:

Biel, V.P. of Business Development with Catalyst Computer Technologies, has been named to the Board of CHEEERS, formerly known as the Center for Health Empowerment Education Recovery Services.


More Arizona Business Promotions

Previous: July 21, 2011 Promotions
Next:  Aug 4, 2011 Promotions


Arizona Business People & Promotions

Arizona Business Promotions and People Moving Up

Arizona Business Promotions July 21, 2011 - Business is booming as important executives across the Valley are being appointed, promoted and honored. Major companies highlight their updates on essential leaders within their divisions.

Congratulations to the following who have shown excellence in their field:

Dioguardi Flynn LLP

Mark Dioguardi and John Flynn:

Dioguardi and Flynn were added to the list of Arizona Finest Lawyers 2011.

Arizona Business Promotions - Mark Dioguardi, Dioguardi Flynn LLPArizona Business Promotions - John Flynn, Dioguardi Flynn LLP


U.S. Airways

Paul Galleberg:

Galleberg has been appointed to vice president, legal affairs.

John MacDonald:

Macdonald has been appointed to vice president, corporate communications.


Insperity Inc.

Deanna Hagan:

Hagan has been promoted to regional sales manager of the Phoenix and Denver markets.

Arizona Business Promotions - Deanna Hagan, Insperity


Blue Cross Blue Shield of Arizona

Audrey Halvorson:

Halvorson has been promoted to vice president of actuarial sales and healthcare economics.

Arizona Business Promotions - Audrey Halvorson, Blue Cross Blue Shield Arizona


U.S. Fish & Wildlife Service

Jerome Ford:

Ford has been appointed to assistant director for migratory birds.

Arizona Business Promotions - Jerome Ford, U.S. Fish & Wildlife Service

Commerce Bank of Arizona

Humberto Stevens:

Stevens, vice president, has been appointed to the United Way of Tucson and Southern Arizona Board.

Teresa Nowak:

The Senior Vice President has been appointed to the Catholic Community Services Foundation Board.

 

Arizona Business Promotions - Humberto Stevens, Commerce Bank of ArizonaArizona Business Promotions - Teresa Nowak, Arizona Trauma & Acute Care Consortuim

Arizona Trauma & Acute Care Consortium

Dr. Forrest Moore:

Moore has been promoted to director of research.


More Arizona Business Promotions

Next:  Aug 28, 2011 Promotions