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Scottsdale Community Bank: Making microloans

Independent Banker

Inspired by the entrepreneurship of lemonade stands, Scottsdale Community Bank created a microloan program. Photo by Brandon Sullivan De novo Scottsdale Community Bank set out to provide microloans to small and mid-size businesses, family organizations and nonprofits—a project that was inspired by the humble lemonade stand.

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Community Banks Debut FinTech Alliance

PYMNTS

Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” Here In The States.

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Arizona deal is 11th credit union takeover of bank this year

American Banker

Federal Credit Union in Yuma said it would acquire West Valley National Bank in a bid to expand into Phoenix and Las Vegas.

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Arizona group receives conditional approval to open a de novo bank

American Banker

Organizers of Scottsdale Community Bank must raise $16 million. The goal is to hit that goal and open by early 2021.

Arizona 57
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Troubled CRE loan delays merger plans for Arizona banks

American Banker

The deadline for a $28 million deal between Bancorp 34 and CBOA Financial was pushed later into 2024 after Bancorp 34, the buyer, announced it would restate third-quarter results to reflect a significant loss tied to a worsening commercial real estate credit.

Arizona 36
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CrossFirst to expand Arizona footprint to Tucson

American Banker

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Tucson 69
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A small Colorado bank's plan to fend off big SBA lenders

American Banker

Denver-based InBank will expand into Georgia and Arizona, part of a wider plan to seize market share and build what one executive called a top-tier SBA lender.