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Latest Posts - Banking
IO Raises $260 Million in Financing
IO, the global leader in software-defined data centers, today announced the closing of a new $260,000,000 multi-year credit facility led by Wells Fargo. IO’s existing bank group, consisting of Wells Fargo and Mutual Bank of Omaha, has been expanded to include Bank of America, Bank of Montreal, JPMorgan Chase Bank, … [Continue Reading]
National Bank of Arizona Partners with YWCA
YWCA Maricopa County announced its new partnership with National Bank of Arizona (NB|AZ), to expand the YW’s Own It Financial Education Program, providing financial literacy to primarily low-income women and families at no-charge. The YW is proud to be the foremost agency in Maricopa County providing financial education to people … [Continue Reading]
National Bank of Arizona sponsors ThriveTime Challenge
National Bank of Arizona (NB|AZ) announced its sponsorship of the second annual ThriveTime Challenge, a statewide financial literacy initiative that aims to educate high school students about money management. ThriveTime Challenge, founded by the 2013 NB|AZ Woman of the Year Sharon Lechter, is a tournament involving playing the award-winning ThriveTime … [Continue Reading]
Mutual of Omaha Bank Announces Phoenix Appointment
David Van Slyke has joined Mutual of Omaha Bank as vice president of commercial banking in Phoenix. Based out of the bank’s Arizona headquarters at 9200 E. Pima Center Parkway in Scottsdale, Van Slyke will work with local businesses, offering comprehensive commercial banking services, including commercial deposit accounts, treasury services … [Continue Reading]
Wells Fargo employees get time off to volunteer
Shirley Burns, David Decker, and Sandy Whitver have been awarded a Volunteer Leave Award from Wells Fargo. These awards are presented annually to a select group of Wells Fargo team members and enable them to take up to four months off, while still receiving full pay and benefits, to focus … [Continue Reading]
AzBA Brings Regulatory Burden to Sinema
Seldom will you find a Member of Congress spending his or her few days out of session at a community bank. That’s just where freshman U.S. Representative Kyrsten Sinema spent Wednesday afternoon. “It’s our job in Congress to strike the appropriate balance between a secure banking industry and adequate access … [Continue Reading]
Enterprise posts strong quarterly earnings
Enterprise Financial Services Corp. reported net income of $10 million for the quarter ended March 31, 2013, compared with net income of $6.2 million for the prior year period. Net income per diluted share was $0.53 for the first quarter of 2013, compared with $0.31 per diluted share for the … [Continue Reading]
Wells Fargo invests $6.7 million in Arizona nonprofits
Wells Fargo & Company announced that it invested more than $6.7 million to almost 900 nonprofits and schools in Arizona in 2012. Wells Fargo team members personally contributed more than $2.4 million of the total in addition to almost 100,000 volunteer hours to help Arizona neighborhoods and communities succeed. “There … [Continue Reading]
Biltmore Bank Sponsors Start-Up Competition
Biltmore Bank of Arizona, a premier community bank headquartered in Arcadia along the Camelback Corridor that is focused on the needs of the small and medium-sized business, announced that it has joined Tallwave, a lean business accelerator and venture management firm also located in Scottsdale, for the first-ever “High Tide” … [Continue Reading]
Let the Sun Set on Debt Trap Loans
In 2008, more than 1.2 million Arizona voters said no, by a 2-to-1 margin, to triple-digit interest rates and special exemptions from the state’s usury laws for payday lenders by rejecting Proposition 200, which would have permanently legalized 300% APR payday loans in Arizona. Since then, through bi-partisan efforts, the … [Continue Reading]
3 Reasons the Bank Says No
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, … [Continue Reading]
B of A, Khan Academy Promote Better Money Habits
Bank of America and Khan Academy today announced a financial education collaboration that will provide both bank customers and non-customers alike free, self-paced, easy-to-understand resources to develop better money habits. These resources will be available on a new website, BetterMoneyHabits.com, which will incorporate educational content from Khan Academy and Bank … [Continue Reading]












