Print Page   |   Your Cart   |   Sign In
Press Release
Group HomeGroup Home Blog Home Group Blogs

Fast track your savings with a high 2.00% APY investment certificate

Posted By Shelly Peterson, TruWest Credit Union, Tuesday, September 4, 2018

Put your goals within reach and upgrade your savings rate today.

Fast track your savings with a high 2.00% APY. 

With a TruWest 8-month investment certificate, you can put your goals within reach. This special certificate is available for a limited-time only, so apply today, and start getting the most out of your savings.

 

-High rate compounded daily

-Greater earnings for long-term goals

-10-day grace period on maturity

-Opening deposit of only $1,000 with an 8 month investment certificate. 

 

For more details or to open your account, visit our website:  https://truwest.org/cdspecial/


This post has not been tagged.

Share |
Permalink
 

Cypress HomeCare Solutions wins Better Business Bureau's Torch Awards for Ethics, 2013 and 2018

Posted By Bob Roth, Cypress HomeCare Solutions, Wednesday, August 1, 2018

Watch Video: Quick look at 2018 BBB Torch Awards for Ethics Winner

Phoenix, AZ, May 18, 2018 – Serving the Maricopa County Region since 1994 Cypress HomeCare Solutions (Cypress) continues to fulfill its mission to provide quality, individualized and compassionate care to clients so they can age successfully and independently in their own homes. Given the personal nature of home care, it’s important for any agency to have a strong set of principles guiding their practices. The Better Business Bureau (BBB) has once again recognized Cypress with the Torch Awards for Ethics.

The BBB Torch Awards for Ethics recognizes companies who exemplify strong ethics, leadership and social responsibility. It is open to for-profit businesses who are in good standing with BBB. Following a nomination, each company must demonstrate their commitment to ethics in each of the following categories: Leadership Commitment to Ethics, Communications of Ethical Practices, Organizational Commitment to Ethical Practice, Organizational Commitment to Performance Management Practices, Organizational Commitment to Ethical Human Resource Practices and Organizational Commitment to the Community.

Back in 2013 Cypress was the first home care/home healthcare agency to be nominated for this prestigious award.  They were then selected as one of three finalists. As if this wasn’t a big enough honor, Cypress went on to be selected as the winner in its category.  After waiting the required five years to be considered again, Cypress was once again selected as the 2018 Torch Awards for Ethics winner.

Matthew Fehling, BBB President/CEO, had this to say about the win, “Cypress HomeCare Solutions is a great example of a company always looking to grow. They’ve taken past accomplishments and accolades and found ways to top even those shining moments to bring more value to the communities they serve. Congratulations to Bob and the Cypress team.”

Bob Roth, Managing Partner of Cypress HomeCare Solutions is honored to be recognized once again for Cypress’ unwavering commitment to ethics.  “When a care recipient opens up their door, they open their life to a caregiver.  From my perspective, I don’t see a profession that requires more ethics than a home care agency that supplies these highly qualified caregivers.  To me winning this award is not only recognizing Cypress for the good work that we are doing in the community.  I feel as if we are representing our industry and this award belongs to all of the agencies that are making a difference in the lives of the people they serve,” says Roth.

Cypress HomeCare Solutions corporate headquarters are located at 5225 N. Central Ave. Suite 212 Phoenix, Arizona 85012. For more information visit cypresshomecare.com or contact Kathleen Shiman at Kathleen@cypresshomecare.com or 602-264-8009.

 Attached Thumbnails:

Tags:  awards  ethics  home care  jewish family owned  Local Business  locally owned and operated  Phoenix  Press Release  Small Business 

Share |
PermalinkComments (0)
 

Metro Phoenix Bank Reports Earnings of $729,000, or $0.19 per Diluted Share in 2Q2018 and Deposit Growth of 7.29%

Posted By Eve Tzinas, Metro Phoenix Bank, Friday, July 27, 2018

 

PHOENIX, July 26, 2018 /PRNewswire/-- Metro Phoenix Bank (OTCPink: MPHX) (“Bank”) announced net income for the quarter ending June 30, 2018 of $729,000 or $0.19 per diluted share, a nominal decrease of $99,000 from $828,000, or $0.22 per diluted share in the first quarter of 2018.  Net income increased 57.11% from $464,000 in the second quarter of 2017.

 

For the first six months of 2018, net income was $1.56 million, or $0.41 per diluted share, a 68.83% increase from the adjusted year-over-year 2017 net income of $924,000.  Adjusted 2017 net income excluded non-recurring “settlement” income.

 

Stephen P. Haggard, Bank President and Chief Executive Officer, stated that “The second quarter supports our belief that the quality of the Bank’s earnings stream continues to improve.  Although SBA fee activity was underwhelming this past quarter, the increasing loan portfolio accruals, created by loan growth and a rising interest rate environment, as well as other fee income sources have muted the historical reliance on SBA gains-on-sale to achieve solid returns. SBA lending will always be an important component to our business model, however, our current earnings performance demonstrates Metro Phoenix Bank’s ability to perform at an elevated level without the bump provided by the SBA gains-on-sale.”

 

Second Quarter 2018 Highlights:

  • Net Income for the quarter was $729,000, or $0.19 per diluted share.
    • ROA of 1.59% and 1.74% for the quarter and for the six months respectively;
    • ROE of 10.17% and 11.07% for the quarter and for the six months respectively;
  • NIM of 5.43% and 5.47% for the quarter and six months, respectively with the cost of funds increasing to 0.51% compared to the linked quarter of 0.45%.
  • SBA Gains on Sale of $71,000 and $244,000 for the quarter and for the six months, respectively.
  • Provision Expense of $50,000 and $100,000 for the quarter and for the six months, respectively.
  • Efficiency Ratio of 59.55% and 57.55% for the quarter and for the six months, respectively.
  • Deposit growth of 7.29% and 8.87% for the quarter and for the six months, respectively.
  • Loan growth of 1.80% and 6.85% for the quarter and for the six months, respectively.
  • Non-Performing Asset Ratio remains nominal at 0.04%, compared to the linked quarter of 0.00%. 

 

Balance Sheet
Total assets grew by 5.79% to $191.7 million at June 30, 2018 and increased 16.25% compared to $164.9 million a year ago.  Total loans grew by 1.80% to $147.1 million at June 30, 2018 and increased 15.46% compared to $127.4 million a year ago. Total deposits grew by 7.29% to $160.0 million at June 30, 2018 and increased 15.86% compared to $138.1 million a year ago. 

 

The allowance for loan losses totaled $1.7 million at June 30, 2018, or 1.14% of total loans.  No material changes have occurred in the credit quality of the loan portfolio since the preceding quarter.

 

Shareholders’ equity increased to $29.1 million at June 30, 2018, from $28.4 million the preceding quarter.  At June 30, 2018, book value and tangible book value were $8.61 per share compared to $8.39 per share at March 31, 2018.

 

Visit www.metrophoenixbank.com/Investor-Relations.aspx for additional historical financial performance information. 

 

Capital Management
The Bank’s capital ratios exceeded the regulatory guidelines for a well-capitalized financial institution under the Basel III and Dodd Frank Wall Street Reform requirements at June 30, 2018.  The Bank reported the following capital ratios:

About the Company
Metro Phoenix Bank, Inc., established in 2007 and headquartered in Phoenix, Arizona, is a full-service community bank that caters to small-to mid-sized businesses and real estate professionals. MPB offers commercial clients with a variety of services ranging from U.S. Small Business Administration (SBA) financing solutions, commercial real estate construction loans, to a robust treasury management platform that includes a specialty Homeowners Association (HOA)/Property Management program. The company is traded over-the-counter as MPHX.  For additional information, visit: www.metrophoenixbank.com.

 

Forward-looking Statements
This press release may include forward-looking statements about Metro Phoenix Bank.  These statements involve certain risks and uncertainties that could cause actual results to differ materially from those in in the forward-looking statements.  Such risks and uncertainties include, but are not limited to, the following factors: competition, fluctuations in interest rates, dependency on key individuals, loan defaults, geographical concentration, litigation and changes in federal laws, regulations and interpretations thereof.  All forward-looking statements included in this press release are based on information available at the time of the release, and Metro Phoenix Bank assumes no obligation to update any forward-looking statement. 

 

 

 

Contact:  Stephen P. Haggard
                  President & CEO

                  602-346-1800

                  shaggard@metrophoenixbank.com     

SOURCE Metro Phoenix Bank

This post has not been tagged.

Share |
PermalinkComments (0)
 

Metro Phoenix Bank Announces It is Now DTC Eligible

Posted By Eve Tzinas, Metro Phoenix Bank, Thursday, July 26, 2018

 

Metro Phoenix Bank Announces It is Now DTC Eligible

PHOENIX, July 12, 2018 /PRNewswire/-- Depository Trust Company (DTC), a subsidiary of Depository Trust & Clearing Corporation (DTCC) has approved Metro Phoenix Bank stock (OTC-PINK: MPHX) for electronic trading. What does this mean for Metro Phoenix Bank (MPB)? It means investors can process trades electronically, save time, reduce risk, and maintain liquidity. Moreover, investor transactions can now be conveniently traded pursuant to US securities laws, making securities qualified for deposit into the DTC and ease of processing between brokers and transfer agents. Now that MPB is DTC eligible, it is anticipated to motivate a broader base of prospective investors, who until now, may have disregarded investing in non-DTC stock. DTC is the largest electronic storage and clearinghouse for securities in the United States.

Bank President and CEO, Stephen Haggard, commented that, “This was an important step in the evolution of the Bank’s investor relations. As our shareholder base evolves, we need to accommodate the needs of shareholders to the degree possible. Without the commitment and loyalty of our shareholders, we would not be having the success we are experiencing today. Our interests are aligned.”

Metro Phoenix Bank has established relationships with three securities firms specializing in moving community bank stock. To learn more about these Market Makers or to obtain information about MPB’s financial performance, visit: https://www.metrophoenixbank.com/Investor-Relations.aspx.

About the Company

Metro Phoenix Bank, Inc., established in 2007 and headquartered in Phoenix, Arizona, is a full-service community bank that caters to small-to mid-sized businesses and real estate professionals. MPB offers commercial clients with a variety of services ranging from U.S. Small Business Administration (SBA) financing solutions, commercial real estate construction loans, to a robust treasury management platform that includes a specialty Homeowners Association (HOA)/Property Management program. The company is traded over-the-counter as MPHX.  For additional information, visit: www.metrophoenixbank.com.

 

Contact:
Stephen P. Haggard
President & CEO
602-346-1800
shaggard@metrophoenixbank.com

This post has not been tagged.

Share |
Permalink
 

Lanternland Local Business Invited to White House

Posted By Ronna Nitzky, LanternLand, Wednesday, July 25, 2018

 

IMG_4475.jpeg

 

FOR IMMEDIATE RELEASE

 

Local Business Invited To White House

 

MESA, ARIZONA, July 18th, 2018 - Lanternland Lighting, a manufacturer of outdoor lighting from Mesa, Arizona, has been invited to the White House to participate in the Made in America Product Showcase on Monday, July 23rd. The product showcase will take place at the White House from 10-4 with members of The Cabinet, Members of Congress, White House Senior Staff, and the President in attendance.

Lanternland, makers of handmade copper lanterns and outdoor lighting, have manufactured high-end outdoor lighting in the Valley of the Sun for over 30 years. Founded by Ronna and Sheldon Nitzky, Lanternland is now run by family members and longtime employees. Andrew Medway and Micheal Renneman. "We take great pride in saying all our lighting is 100% Made in the USA," said Medway. "Having our factory here locally gives us the unique ability to create custom orders from slight modifications to completely custom pieces, large and small."

"We are thrilled to have been selected as the Arizona Representative for the Made in America Product Showcase at the White House," adds Renneman. "With only one company from each state invited to participate, it is quite an honor." 

Lanternland is located at 737 West 2nd Avenue, Mesa, Arizona 85210 and can be found online at Lanternland.com.  The factory showroom is open 9-4 Monday - Friday for local builders, designers, and contractors.  For inquiries email info@lanternland or call 480 962 1999.

 

Tags:  Architectural Lights  Copper and Brass Lanterns  Factory  Factory Showroom  Handmade  Hospitality Lighting  Local Business  Manufacturer  Standard and Custom Sizes  White House 

Share |
PermalinkComments (0)
 
Page 1 of 24
1  |  2  |  3  |  4  |  5  |  6  >   >>   >| 

Affordable Dental Plans for ASBA Members

Delta Dental of Arizona

2 employees? No problem! We’ve got a dental plan to meet your needs & budget. Click to learn more!

LEARN MORE

Switch. Save. Donate. All with NPS, your Local Payment Processor

NPS

Specialized Pricing for ASBA Members
No PCI, No Annual Fees, No Start-up Fees or Contracts
24 Hour Next Day Funding & Deposits
Full EMV Integration to Current Setup
PCI Compliant
NPS gives back 20% to ASBA 

LEARN MORE

Need Space for your Upcoming Training?

ASBA

Whether it's a small classroom or for 50+ ASBA has a space for you! Click to learn more on how you can rent our Business Education Center (BEC).

LEARN MORE

RSVP

Experience ASBA

REGISTER

Date: Held monthly
Time: Click for times based on location
Location: Phoenix or Tucson

RSVP

ASBA Speed Networking

REGISTER

Date: Held monthly
Time: Click for times based on location
Location: Phoenix or Tucson

Have Questions on Health Insurance?

Health Insurance

Do you have questions on plans for Individual, sole proprietor, or group? We can get the answers needed to make sure you find the right plan for you and your employees.

LEARN MORE

CopperPoint...at work for you

CopperPoint

CopperPoint delivers peace of mind to Arizona employers and their employees. We are the state's premier provider of workers compensation insurance, serving Arizona businesses, small and large, since 1925.

LEARN MORE

Speakers Forum

Speakers Form

ASBA is on the cutting-edge of what is happening right now in the business community. We are looking for dynamic speakers to present inspiring and relevant content at future events. If you or someone you know is experienced capturing a crowd and delivering insightful information on sales, marketing, HR, finances, or other topics we invite you to share your knowledge and apply today. We are your partner in business.

APPLY TODAY

Association Management Software Powered by YourMembership  ::  Legal