Tag Archives: Jim Lundy

bank loan

Alliance Breaks Ground on Flagstaff Banking Center

Alliance Bank of Arizona, the state’s largest locally owned and headquartered bank, broke ground Friday on a new multimillion-dollar Flagstaff banking center.  Alliance Bank of Arizona President Ed Zito hosted the groundbreaking event with Executive Vice President Sherri Slayton. The event was also attended by Flagstaff Mayor Jerry Nabours and President and CEO of the Flagstaff Chamber of Commerce, Julie Pastrick.

“Since we opened our first branch in Flagstaff eight years ago, we have been committed to fueling our local economy,” said Sherri Slayton, EVP and Regional Manager of the bank’s Northern Arizona division. “As a long-time resident and banker in this area, I am especially excited to see Flagstaff businesses rebound and flourish. Our Flagstaff team, with experienced local bankers who know this region, is proud to serve the people who make Flagstaff the extraordinary community we call home.”

“Today’s groundbreaking is testimony to the strength of the Flagstaff Alliance Bank team,” said Julie Pastrick, President and CEO of the Flagstaff Chamber of Commerce.  “Under the leadership of Sherri Slayton, they have consistently demonstrated a high level of financial acumen and community outreach that allows for this large investment in our local Flagstaff community.”

The 6,000-square-foot center marks the bank’s significant expansion in the area and the region. The facility is an extension of Alliance Bank’s growth in key business markets as home to a large number of commercial and industrial businesses, enabling the bank to better serve Flagstaff customers.  It is scheduled to open in the summer of 2014.

Alliance Bank, which started with a single office and 20 employees in 2003, is now the largest locally owned and headquartered bank in the state with $3.3 billion in assets. A leading business lender, it has built a reputation for its responsiveness, local expertise and reliability as a lending resource.

Alliance Bank of Arizona is a division of Phoenix-based Western Alliance Bank.

A Guide to Applying for a Bank Loan

Alliance Bank Breaks Ground on Chandler Office

Alliance Bank of Arizona, the largest locally owned and headquartered bank in the state, announced groundbreaking this morning for its new Chandler office which will be located on Ray Road and the Loop 101 Price Freeway.  Victor Napolitano, Senior Vice President of Alliance Bank, hosted the event and introduced Chandler Mayor Jay Tibshraeny and Jim Lundy, Alliance Bank CEO, for comments.

This will mark the 12th location for Alliance Bank, which was started just over a decade ago. The bank also broke ground for a new facility in Flagstaff today which will expand its existing Northern Arizona regional office space by three  times.

The Chandler facility is scheduled to open in the Summer 2014 and is an extension of Alliance Bank’s growth in key business markets, including Chandler, where it already banks a large number of commercial, industrial and professional businesses.   The new, two story 28,000 square foot office will house commercial and retail banking facilities as well as a number of support functions and will enable the bank to better serve its growing southeast valley customer base.

“Since we began over 10 years ago, we have been dedicated to being a strong lending resource for local businesses.  We are excited about the prospect of working with the rapidly growing number of commercial and industrial businesses that call Chandler home. We are committed to being a thoughtful and consistent financial resource to help businesses grow. That commitment allows both the bank and its customers to succeed and in turn give back to the community,” said Jim Lundy, CEO, Alliance Bank of Arizona.

Alliance Bank of Arizona’s focus is to deliver a broader product array and larger credit capacity than a traditional community bank, and to offer relationship-based, personalized service, and lending capabilities to meet the needs of virtually any Arizona business. It is a division of Phoenix-based Western Alliance Bank.

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Youngtown becomes GPEC’s 21st member community

The Town of Youngtown recently joined the Greater Phoenix Economic Council (GPEC) as its 21st member community. Youngtown is located at the Agua Fria River between Peoria, Sun City and El Mirage, and has a current population of approximately 6,200.

“We’re thrilled to have the Town of Youngtown on board at GPEC,” said GPEC President and CEO Barry Broome. “Youngtown is a unique, up-and-coming community with tremendous potential for economic growth. We’re excited to assist with their plans to move forward as a community.”

“The 21st GPEC community for the 21st Century — we’re proud to take a seat at the GPEC table,” Youngtown Mayor Michael LeVault said. “Youngtown is well positioned to be a vibrant and vital player in the region’s bright economic future.”

Youngtown was originally designed as a retirement community but has since evolved to accommodate young people and families. The community’s “village” feel sets the town apart from the rest of the region. The Town’s general plan for 2025 has a robust focus on economic development, targeting community revitalization, public relations and marketing, and business enhancement, attraction and diversification.

“Youngtown’s addition to GPEC’s family of communities speaks volumes about the depth and breadth of services available to its member communities and companies,” said Jim Lundy, GPEC’s board chairman and CEO of Alliance Bank of Arizona. “Whether an established business or startup, an older community or one just starting to rev up its economic engine, like Youngtown, GPEC offers expert economic development advice, marketing, research and prospect leads.”

From left: Steven Murray, president of Direct Energy; Jim Lundy, chairman of GPEC; Kevin Sullivan and Matt George of the Arizona Commerce Authority. Photo by Huan Vo/Az Business

Direct Energy bringing 500 jobs to Valley

Wednesday marked the official announcement of the expansion into Arizona of Direct Energy, a multibillion-dollar energy company which promises to create about 500 new jobs by the end of this year.

Based in Houston and specializing in upstream production and downstream delivery, Direct Energy is one of North America’s largest energy services providers with approximately 6,000 employees.

The company worked with the Arizona Commerce Authority and Greater Phoenix Economic Council to open a new call center in Tempe, which is expected to bring $7 million of capital investment to the region and create 250 to 300 new jobs when it’s open.

“I can’t tell you how easy they have made it for us to expand and invest in Arizona,” said Steven Murray, president of Direct Energy. “It’s an easy, pleasant experience.”

Expected to be fully functional by the end of the first quarter year of 2013, the new call center will be tasked with call taking for the residential energy business, which will enable Direct Energy to “offer a wide range of products and services in one location,” according to the company’s news release.

Working with the ACA and GPEC gave Direct Energy an understanding of and access to a quality workforce that attracted Direct Energy in the first place, Murray said.

“Beyond the ease, I mean the quality workforce, you can have an entirely educated, motivated, hardworking people, and it really makes it easy,” he said.

“I think this commitment just illustrates that we do have a quality workforce in addition to the quality, smart economics policies that GPEC and ACA, the governor’s office, the state Legislature have been working behind the scenes just to get this economy going again,” said Jim Lundy, chairman of GPEC’s board of directors and CEO of Alliance Bank of Arizona.

Direct Energy is on a mission to make a difference to its customers through the provision of choice, which will help families with tight budgets.

“In a world of constraint household economics, people on tight budgets need to have products that meet their needs and give them control of how they are actually consuming and spending money,” Murray said.

Murray said Direct Energy has grown quickly over the years, and with each step in growth, the company is doing its best to invest and create jobs in communities where it started.

Direct Energy is accepting job applications online at www.directyourenergy.com, and at the Nation Career Fair at Phoenix Airport Marriott, 1101 N. 44thSt., from 11 a.m. to 2 p.m. on January 21.