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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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SB-1425 Complements Arizona's Equity Crowdfunding Law

Posted By Ashley Vizzerra, Arizona Small Business Association, Thursday, February 18, 2016

ARIZONA SMALL BUSINESS ASSOCIATION

FOR IMMEDIATE RELEASE

Thursday, February 18, 2016

 

Contact: Ashley Vizzerra

Communications Coordinator

(602) 306-4000

avizzerra@asba.com

 

 

SB-1425 Complements Arizona’s Equity Crowdfunding Law

 

Phoenix, AZ – The Arizona Small Business Association (ASBA) is spearheading the effort to pass legislation complementing last year’s intrastate crowdfunding legislation.  Currently allowed in 28 other states, the Reg D 504 exemption will allow businesses to raise up to $1 million without going through the Securities Exchange Commission.  This bill differs from the current crowdfunding law in that it will allow for investors beyond Arizona residents to participate.

 

This crowdfunding initiative is an important aspect of Arizona’s economic development as it allows for businesses to fund expansion through non-traditional means, thus creating more jobs.  Sponsored by Senator David Farnsworth, SB-1425 Securities; registration exemptions, would bring opportunity to businesses in Arizona because it allows an infinite number of unaccredited investors to partake in investing, there is no limit to the amount invested, investors do not have to reside in Arizona, offerings can be debt or equity, and all investments can be made tradable so as to provide liquidity to the investors.  Additionally, there is no requirement that the issuer registers securities with the SEC, but simply notifies them and the AZ Corporation Commission of the transaction.    

 

“With the success of the Arizona Crowdfunding Law, this legislation would be right in line with what we are trying to do here for Arizona businesses,” states ASBA CEO, Rick Murray.  “Getting this on the books would help to make Arizona look even more attractive to the underwriting community, thus increasing business being conducted here in our state.”

 

The overall benefit of the bill is that it provides the issuer of the security another choice for assistance in business development that will be extremely simple.  Since the Arizona Crowdfunding Law went live this past July, positive strides are being made to further the economic development of not only businesses in Arizona, but Arizona as a whole.  We can expect to see great progress in business investing should this legislation be passed.  

Tags:  crowdfunding  finance  public policy 

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Hawkins Wealth Advisory voted Best Investment Company Phoenix 2015

Posted By Robert E. Hawkins, Hawkins Wealth Advisory LLC, Thursday, December 3, 2015

Best Businesses Rewarding the Best in Business
Press Release

FOR IMMEDIATE RELEASE
Hawkins Wealth Advisory Receives 2015 Best Businesses of Phoenix Award Phoenix Award Program Honors the Achievement

Phoenix, November 19, 2015 -- Hawkins Wealth Advisory has been selected for the 2015 Best Businesses of Phoenix Award in the Investing category by the Best Businesses of Phoenix Award Program.

Each year, the Best Businesses of Phoenix Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Phoenix area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2015 Best Businesses of Phoenix Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Best Businesses of Phoenix Award Program and data provided by third parties.

About the Best Businesses of Phoenix Award Program

The Best Businesses of Phoenix Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Phoenix area.  Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Best Businesses of Phoenix Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community's contributions to the U.S. economy.
SOURCE: Best Businesses of Phoenix Award Program

CONTACT:
Best Businesses of Phoenix Award Program
Email:PublicRelations@BestBusinesses.biz
URL: http://www.BestBusinesses.biz
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Phoenix Award Program Honors the Achievement Phoenix, November 19, 2015 -- Hawkins Wealth Advisory has been selected for the 2015 Best Businesses of Phoenix Award in the Investing category by the Best Businesses of Phoenix Award Program.

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Tags:  awards  entrepreneur  finance  insurance  Performance Excellence  real estate  Showcase in Excellence Award 

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Arizona Small Business Association Announces New Partnership with BluePay

Posted By Ashley Vizzerra, Arizona Small Business Association, Thursday, July 23, 2015

Payment Processing for Businesses of All Sizes

BluePay is proud to be the official payment processor for ASBA. Call now for a free consultation and take the BluePay challenge! Let us show you how we can save you money. If BluePay can’t help, we’ll give you $500 just for letting us try! Learn More

 

ARIZONA SMALL BUSINESS ASSOCIATION

FOR IMMEDIATE RELEASE

Thursday, July 23, 2015

 

Contact: Ashley Vizzerra

Communications Coordinator

(602) 306-4000

avizzerra@asba.com

 

 

Arizona Small Business Association Announces New Partnership with BluePay

 

Phoenix, AZ – The Arizona Small Business Association (ASBA) is proud to announce that they have partnered with BluePay as their new official payment processor, to provide the lowest rates with the highest level of security for their members.

 

As a Tier 1 credit card processor, BluePay works with merchants of all types and sizes to make accepting credit cards, electronic checks, and other payment options simple and fast.  BluePay emphasizes their ability to meet the unique needs of each industry they serve, offering a wide variety of credit card processing options. 

 

“After a long period of reviewing providers, we chose BluePay based on their significant savings and the incredibly high-level of service they offer,” stated Rick Murray, ASBA CEO. “We are thrilled to partner with a company so committed to helping the small business community thrive. By consulting individually with each business owner, BluePay customizes plans that truly fit the business’ goals and budget, overall helping them save valuable dollars which they can use in other vital areas of their business.”

 

“We are honored to be selected as the official payment processor for the ASBA,” commented Kristen Gramigna, Chief Marketing Officer for BluePay.  “We know small merchants put their all into making their businesses succeed, and BluePay wants to help them achieve their goals.  We focus on forming relationship with our merchants to learn about their unique needs and deliver value-added services that grow their business.”

 

About the Arizona Small Business Association (ASBA):

Representing 10,000+ business members, and nearly half a million employees in Arizona, the Arizona Small Business Association is the largest and only statewide association dedicated to serving the needs of small businesses.  Members enjoy access to networking, education, discounts, marketing, one-on-one support, business resources and advocacy.  Learn more at www.asba.com

 

About BluePay:

BluePay is a leading technology-enabled payment processor for businesses of all sizes in the U.S. and Canada. Through POS, online, mobile, and software integration, BluePay processes B2C and B2B payments, while providing real-time settlement and reporting, along with robust security features.  Learn more at www.asba.com/bluepay

 

 

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Tags:  credit  credit cards  finance  small business 

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