February is the month to love your local financial institution! Arizonans have deposited 96% of their money into banks with out-of-state ownership and Local First Arizona is looking to change that by encouraging your business to check out the local financial institutions who are the ones lending to local business owners and entrepreneurs, in both good and tough times.
FACT: "Small businesses, which create the majority of new jobs, depend heavily on small, local banks for financing. Although small and mid-sized banks control less than one-quarter of all bank assets, they account for more than half of all small business lending. Big banks, meanwhile, allocate relatively little of their resources to small businesses. The largest 20 banks, which now control 57 percent of all bank assets, devote only 18 percent of their commercial loan portfolios to small business." - Institute for Local Self-Reliance
Join us for our version of speed dating, where local business owners have the opportunity to meet with Arizona’s amazing banks and credit unions!
WHEN: Tuesday, February 18 from 6 – 9 p.m. WHERE: Hotel Valley Ho, 6850 E Main Street, Scottsdale, AZ 85251. The event will be held in the former Trader Vic’s restaurant, located on the northeast corner of the property, closest to Indian School. RSVP: [email protected]. Please include the four banks and/or credit unions you are most interested in meeting COST: Free to attend.
You’ll have the opportunity to meet with and hear from: [column width="47%" padding="6%"]
- West Valley National Bank
- Gateway Bank
- Arizona Central Credit Union
- Desert Schools Federal Credit Union
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You will learn more about their business banking programs and how you can build a relationship with your financial institution. We’ll keep it fun by rotating you to a new bank or credit union every 15 minutes and giving you ample time to ask questions. We’ll also have delicious food from a local caterer!
Help build a stronger Arizona economy by keeping your money where your home is!