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Arizona Nonprofits: Economic Power, Positive Impact Report

By Gainey Business Bancorp | Wednesday, February 22, 2017

“Arizona’s nonprofits are a significant economic force and a major employer in the state.” A bold statement by Steve Seleznow, President and CEO, of Arizona Community Foundation.

This report, Arizona Nonprofits: Economic Power, Positive Impact, sheds a new light on Arizona’s nonprofit sector. Arizona’s nonprofit sector – some 21,000 organizations strong – is a thriving network of social-purpose corporations and a powerful economic driver in our state.  Download and read this informative 32 page report on Arizona Nonprofits.

Arizona Nonprofits: Economic Power, Positive Impact - Report Arizona Nonprofits: Economic Power, Positive Impact – Report (1752 KB)

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Distrust of large institutions makes this the year of the community bank

American Banker

By Drew McKone | Friday, February 10, 2017

Just as locally kept businesses differ from national conglomerates, community banks are inherently different from the big banks. We, local businesses, depend on relationships more than volume. We know our customers by name and we make banking and lending decisions down the street from where our customers live and work, not from across the country.

Even in today’s quick-fix world motivated by technology advancements, many bank customers still seek out old-fashioned customer service. Indeed, more than half of consumers prefer to interact with their bank in person, according to a report from TimeTrade. This is great news for community banks, where emphasis on customer service in the branch comes first, including promoting quality over quantity in product offerings.

Read the entire article here

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GOP preparing plan to gut consumer finance protection bureau

By Gainey Business Bancorp | Thursday, February 9, 2017

A Republican plan to dismantle Wall Street regulations would strip the Consumer Financial Protection Bureau of many of its powers, including eliminating its consumer complaint database and scaling back its enforcement abilities, according to a five-page memo distributed by Rep. Jeb Hensarling, chairman of the powerful House Financial Services Committee.

The memo obtained by The Washington Post offers the first peek into Republican plans to ease regulations big banks have been subject to since 2010’s Dodd-Frank Act.

Read the entire article here

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Small bank specialties on the rise

American Banker

By Gainey Business Bancorp | Wednesday, February 8, 2017

American Banker recently published a slide show on five ancillary business lines that lately have appealed to community banks pursuing new sources of loans or fee income. The five are:

  1. Equipment Finance
  2. Public Finance
  3. Insurance-Premium Finance
  4. Senior Care Construction Loans
  5. SBA Lending

View the slideshow here

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