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Western Talent Show to benefit the American Cancer Society

Posted By Tracelyn Sutton, American Cancer Society, Tuesday, March 27, 2018

Western talent Show to benefit the american Cancer Society

Enjoy country western musicians, singers and dancers compete

Tucson, AZ, March 19, 2018– Plan to attend the First Annual Western Country Talent Show on May 6th at the Sheraton Tucson Hotel and Suites, 5151 E Grant Road, Tucson from 1:30 PM – 4:30 PM, to benefit the American Cancer Society.

This year, it is estimated that 32,150 new cancer cases will be diagnosed in Arizona. 

Tickets are on sale now and available online at www.acswesterntalentshow.com  Tickets are $25.00 for adults and $15.00 for ages 3 – 17 years old.  Enjoy delicious bites and refreshments included, great entertainment, cash bar and your opportunity to vote!  Our Emcee is the talented, popular Singer/Songwriter Whyte Panther who will be performing a few of his most requested songs.

Deb and Tim Rossi, Event Co-Chairs, have been dedicated volunteers for many years and started when Deb was diagnosed with aggressive Cancer in 2008.  Deb has lost seventeen members of her immediate family as well as Tim’s mother to Cancer.  They invite you to attend and join the fun! 

Also serving on the committee are the following wonderful volunteers:  Chanel Lopez, Key Phillips Wanda Fry, Larry Fox, Shane Harbin, Jordan Beth Wright,  Kevin Fischer, Nina Mamula, Andrea Shirley, Karen Shriver, Jesse Andre, Amanda Giroux, Susan and Roy Penny, Whyte Panther 

Meet our  Celebrity Judges: https://acstucson.ejoinme.org/MyEvents/2018WesternTalentShowdown/MeetOurCelebrityJudges/tabid/955963/Default.aspx

The American Cancer Society is a volunteer and community driven organization.  Through groundbreaking cancer research, free patient programs and services, community outreach, the Society helps people stay well and get well, find cures and fight back.

# # #

If you would like more information about this topic, please contact Adrienne Barker at 520-357-1457 or email at Adrienne.barker@cancer.org.  Media Passes are available and Photographers are encouraged to attend.  Please submit your request via email to Adrienne.Barker@cancer.org

 

 

Tags:  american cancer society  western talent show  whyte panther 

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Metro Phoenix Bank Hires Tim Collins As VP SBA Business Development Officer

Posted By Eve Tzinas, Metro Phoenix Bank, Monday, March 5, 2018

 

PHOENIX, Arizona, March 1, 2018/PRNEWSWIRE/-- Metro Phoenix Bank (OTCPink: MPHX) (“MPB”) welcomes Mr. Tim Collins to the MPB team. In his new role, he will broaden the Bank’s SBA market presence by actively seeking local businesses qualified for SBA financing.  

MPB has been providing SBA financing since 2009 and has achieved the status of a Preferred Lender (PLP), which is recognized as the highest designation from the SBA. Mr. Collins is well known throughout the business community and brings three decades of experience centered in SBA lending. His extensive knowledge will further support MPB’s goal of becoming a premier SBA lender in Arizona. Mr. Collins commented, “Now that I have joined a Bank that is committed to serving local businesses, I am eager to apply my SBA knowledge with meaningful lending solutions for businesses.”

Most recently, Mr. Collins held the position of VP Business Development Officer with Radius Bank. He was also responsible for production of SBA 7a and 504 loans with Bancorp. Prior to Bancorp, Mr. Collins was Senior Vice President/SBA Lending Manager for BNC National Bank. During his seven-year tenure, he launched their SBA department and aided in the production of millions in SBA loans. Mr. Collins oversaw all aspects of the new department.

Mr. Collins has also received numerous SBA awards for his proven track record. Among his accomplishments include being the recipient of the Veterans Champion of the Year (2014 & 2017) as well as being ranked #3 SBA lender in Arizona by Ranking AZ Magazine (2009, 2010, & 2011). Prior to Mr. Collins’ SBA experience, he served in the US Air Force reserves, Public Affairs division.  

Stephen P. Haggard, MPB President and CEO, commented, “We are excited to have recruited someone of Mr. Collins’ caliber to join the MPB team. His results-driven experience, along with his extensive industry knowledge and exceptional service, will play a key role in the growth of the Bank’s SBA portfolio.” 

 

About the Company

Metro Phoenix Bank, Inc., headquartered in Phoenix, Arizona is a full-service community Bank that caters to small-to mid-sized businesses and real estate professionals. It offers deposit and loan products and services as well as convenient on-line banking.  The Bank was established in 2007 and operates out of single corporate office. The company is traded over-the-counter as MPHX.  For further information please visit the website: www.metrophoenixbank.com.

 

Contact:    Stephen P. Haggard

                 President & CEO

                 602-346-1800

                 shaggard@metrophoenixbank.com

 

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Metro Phoenix Bank Reports Earnings of $417,000 or $0.11 per Diluted Share in 4Q2017 and Efficiency Ratio of 50.53%

Posted By Eve Tzinas, Metro Phoenix Bank, Thursday, February 15, 2018

PHOENIX, Arizona, February 14, 2018 /PRNEWSWIRE/-- Metro Phoenix Bank (OTCPink: MPHX)(“Bank”) announced net income for quarter ending December 31, 2017 of $417,000, or $0.11 per diluted share.  Excluding the one-time Deferred Tax Asset (DTA) write down of $374,000, adjusted net income for quarter ending December 31, 2017 was $791,000, or $0.21 per diluted share, which remains comparable to 3Q 2017 net income of $795,000 or $0.21 per diluted share.  

For the full twelve months of 2017, the Bank reported net income of $2.91 million, or $0.77 per diluted share, compared to a negative $786,000, or negative $0.32 per diluted share for the same period of 2016.  Excluding non-recurring income and the one-time DTA write down for the full twelve months of 2017, the adjusted net income of the Bank grew to $2.43 million, or $0.64 per diluted share.

“The Bank’s pre-tax earnings performance in the fourth quarter solidifies management’s confidence that our business model is working well within the framework of the local market and provides optimism that sound core earnings can be sustained throughout 2018,” stated Stephen P. Haggard, President and Chief Executive Officer.  “It is very satisfying to see the business potential of Arizona finally being unlocked after years of sluggish growth.  Arizona currently has a healthy economic environment in which businesses are thriving, banks are profitable and local communities are benefitting.”   

Fourth Quarter 2017 Highlights:

  • Net Income for the quarter was $417,000, or $0.11 per diluted share.
    • ROA of 0.95% and 1.28% for the quarter and for the twelve months excluding non-recurring income, respectively;
    • ROE of 5.98% and 9.00% for the quarter and for twelve months excluding non-recurring income, respectively;
    • ROA of 1.50% and ROE of 10.61% for the twelve months excluding non-recurring income and the one-time DTA write down.
  • NIM of 5.54% and 5.15% for the quarter and the twelve months, respectively, with the cost of funds stable at 0.37% compared to the linked quarter, and slightly higher than the fourth quarter 2016 of 0.31%.
  • SBA Gains on Sale of $230M and $998M for the quarter and for the twelve months, respectively.
  • Provision Expense of $44M and $214M for the quarter and for twelve months, respectively.
  • Efficiency Ratio of 50.53% and 55.14% for the quarter and for the twelve months excluding non-recurring income, respectively.
  • Loan growth was 1.96% and 24.27% for the quarter and for the twelve months, respectively.
  • Non-Performing Assets remained at zero for the third consecutive quarter.

Balance Sheet

Total assets grew by 4.48% to $174.9 million for quarter ending December 31, 2017, and increased 23.65% compared to $141.5 million a year ago.  Total loans grew by 1.96% to $137.7 million for quarter ending December 31, 2017, and increased 24.27% compared to $110.8 million a year ago. Total deposits grew by 5.07% to $146.9 million for quarter ending December 31, 2017, and increased 15.10% compared to $125.9 million a year ago. 

The allowance for loan losses totaled $1.6 million at December 31, 2017, or 1.15% of total loans.  No material changes have occurred in the credit quality of the loan portfolio since the preceding quarter.

Shareholders’ equity increased to $27.6 million at December 31, 2017, from $27.2 million the preceding quarter.  At December 31, 2017, book value and tangible book value were $8.15 per share compared to $8.02 per share at September 30, 2017.

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 December 31, 2017.  The Bank reported the following capital ratios:

About the Company

Metro Phoenix Bank, Inc., headquartered in Phoenix, Arizona is a full-service community Bank that caters to small-to mid-sized businesses and real estate professionals.   It offers deposit and loan products and services as well as convenient on-line banking.  The Bank was established in 2007 and operates out of single corporate office.   The company is traded over-the-counter as MPHX.  For further information please visit the website: 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

 

 

 

Tags:  commercial lending  Press Release 

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SCORE mentor assists Tucson's DiepCFoundation

Posted By Tracelyn Sutton, American Cancer Society, Sunday, October 15, 2017

While she was in recovery from breast reconstruction surgery following a double mastectomy, Terri Coutee began a blog that would later lead to a nonprofit. Coutee had been lucky – she was among the 23 percent of mastectomy patients who have the full range of options for breast reconstruction surgery presented to them. Through her extensive research, she was able to find the best possible surgeon and the type of breast reconstruction that was right for her.

Coutee elected to have a type of surgery called DIEP flap, in which a microsurgeon uses tissue and blood vessels from the belly to reconstruct the breasts. She calls the results of the surgery “nothing short of amazing.”

In her effort to ensure that other cancer survivors have the same information she did, Coutee began connecting with medical professionals on social media. Her blog became increasingly popular as breast cancer patients sought advice and guidance there. In July 2016, she turned her educational efforts into a the DiepCFoundation, a 501(c)3 nonprofit organization. 

My Successes: 

Coutee’s foundation supports breast cancer survivors by providing them with guidance, evidence-based research, and education about all the options available to them post-mastectomy. The foundation has an entry in Guidestar, and Coutee has raised money through Amazon Smiles, as well as fund-raising events hosted in collaboration with artists and musicians.

How SCORE Helped: 

Coutee meets with her mentor, Nancy Hessney about once a month. Hessney introduced her to Guidestar, a service that reports on U.S. nonprofits. That gave the foundation national credibility and allowed Coutee to solicit donations through Amazon Smile.

Coutee says “My SCORE mentor has been instrumental in giving me resources for funding, assessing what else can be done to give the Foundation visibility, and continually reinforces the efforts that I am making on behalf of the Foundation.”

 

 Attached Thumbnails:

Tags:  diepcfoundation score  mentors 

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Metro Phoenix Bank Successfully Raises $10.0 Million in Capital

Posted By Eve Tzinas, Metro Phoenix Bank, Wednesday, June 28, 2017



Metro Phoenix Bank Successfully Raises $10.0 Million in Capital
A Great City Deserves a Great Bank

PHOENIX, Arizona, May 23, 2017 /PRNewswire/ -- Metro Phoenix Bank ("Bank") announced today that it completed a private placement of $10.0 million of its common stock, positioning the Company to grow its Arizona franchise. In the offering, the Bank issued 1,333,334 shares of its common stock at a purchase price of $7.50 per share. The proceeds from the offering will allow the Bank to increase its banking activities in the greater Phoenix, AZ market as the economy continues to strengthen. 

"This additional capital provides Metro Phoenix Bank the opportunity to build on a successful franchise that has consistently serviced the local business community for the past decade.  We remain highly motivated to exceed the service expectations of our small- to medium-sized business and real estate professional clients and we fully expect to continue to be the go-to independent community bank in Phoenix for new clients.  The infusion of new growth capital at a time that our local economy has returned to full health is exciting for all stakeholders of Metro Phoenix Bank. We are committed to being an integral part in helping the local business community achieve greater prosperity,” said President and CEO Stephen P. Haggard.

MJC Partners, LLC and FIG Partners, LLC acted as Placement Agents for the offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Bank.

 

About Metro Phoenix Bank

A community bank established in 2007, Metro Phoenix Bank, headquartered in Phoenix, AZ, is locally owned and managed and offers a wide range of financial products for small- to mid-sized businesses, professionals, the real estate industry and individuals.  The Bank also provides specialty platforms for SBA lending and the HOA industry.  The Bank's solution-driven, relationship-based approach to banking provides access to decision makers and enhances value through strong partnerships with their clients. The Bank currently operates one office in Phoenix, AZ.

For more information:
Visit:  www.metrophoenixbank.com
Call:  (602) 346-1800
Email:  marketingdept@metrophoenixbank.com

Tags:  capital  finance  press release 

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