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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

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. Arizona, which launched a “sandbox” earlier this year, said last week that there is a new participant in that FinTech-driven initiative.

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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.

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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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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

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At home with HOA banking

Independent Banker

Academy Bank COO Tom Kientz notes that the community bank was eager to expand its deposit and loan services. Looking for an avenue to increase its deposit base, Academy Bank tapped into a market it hadn’t explored before: homeowners associations. Academy Bank in Kansas City, Mo., Photo by Jason Tracy.

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Rebeca Romero Rainey: Take pride in the work we do

Independent Banker

“While community banks could certainly benefit from the tax advantages credit unions have, we flourish despite them.”. From Florida to Arizona, credit unions are acquiring community banks at an alarming rate. With fewer community banks, there simply is less support of local economies.