Monthly Archives: July 2015

Eighth Consecutive Quarter of BauerFinancial 5-Star Rating for Grandpoint Bank and its Divisions

5starjun15It means a lot to us to have our clients’ trust, and we work hard to maintain it. We know you want to have top-notch bankers and a rock-solid financial institution at your disposal, and on that note, we’re happy to share that Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, received an eighth consecutive 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial.↗ The five star rating, which was based on March 31, 2015 financial data, goes only to banks that are considered the strongest in the nation.

BauerFinancial is regarded as “the nation’s bank rating service,” and banks cannot pay to be rated nor opt out of being rated. Ratings, which range from zero to five stars, are determined by a bank’s capital strength, asset quality and profitability, using quarterly financial reports filed with the government by each bank, with historical comparison for consistency.

First quarter results also earned Grandpoint and its divisions another A+ health rating from DepositAccounts.com,↗ an independent bank health monitoring publication covering banks for nearly a decade. Grandpoint has earned their A+ rating for 17 consecutive quarters.

DepositAccounts.com provides information about bank health free of charge to consumers. Using a proprietary algorithm, DepositAccounts.com’s ratings reflect the strength and stability of more than 14,000 financial institutions.

Thanks to all of our wonderful team members and clients who help make this possible.

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Our Blood Drive to Honor Austin Chico

9945798-largeBank of Tucson recently hosted our 2nd annual blood drive in honor of Austin Chico to benefit the American Red Cross. Erin Chico, our VP of Lockbox Operations, lost her husband last year to Myelodysplastic Syndrome (MDS). MDS is a diverse bone marrow disorder in which the bone marrow does not produce enough healthy blood cells. Erin and her family are passionate about the American Red Cross, as they relied on blood donations to support Austin throughout his treatment.

The turnout for the blood drive was beyond our expectations. Erin’s family, their co-workers, friends and many other of our 4400 Building tenants showed up in full force to support the blood drive. For many bank employees, this was their first time donating blood, but they felt strongly about supporting Erin and making a difference in someone’s life. They look forward to participating again next year.

We have all learned how important it is for The American Red Cross to have blood of all types available, whether the need is for medical treatment or natural disaster relief.

To learn more about donating blood, you can call 1-800-RED CROSS (1-800-733-2767). According to the Red Cross, to be eligible to donate blood, you must be in good general health and feeling well, be at least 17 years old in most states and weigh at least 110 pounds. Remember one pint of blood can save up to three lives!

Thank you to everyone who participated in our blood drive in honor of Austin Chico!

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Happy Independence Day

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In observance of our nation’s birthday, we wish everyone a happy 4th of July.

In honor of the holiday, we’d like to share some history about the American flag with you from usa-flag-site.org↗:

On January 1, 1776, the Continental Army was reorganized in accordance with a Congressional resolution which placed American forces under George Washington’s control. On that New Year’s Day the Continental Army was laying siege to Boston which had been taken over by the British Army. Washington ordered the Grand Union flag hoisted above his base at Prospect Hill. It had 13 alternate red and white stripes and the British Union Jack in the upper left-hand corner (the canton).

In May of 1776, Betsy Ross reported that she sewed the first American flag.

On June 14, 1777, in order to establish an official flag for the new nation, the Continental Congress passed the first Flag Act: “Resolved, That the flag of the United States be made of thirteen stripes, alternate red and white; that the union be thirteen stars, white in a blue field, representing a new Constellation.”

Between 1777 and 1960, Congress passed several acts that changed the shape, design and arrangement of the flag and allowed for additional stars and stripes to be added to reflect the admission of each new state.

  • Act of January 13, 1794 – provided for 15 stripes and 15 stars after May 1795.
  • Act of April 4, 1818 – provided for 13 stripes and one star for each state, to be added to the flag on the 4th of July following the admission of each new state, signed by President Monroe.
  • Executive Order of President Taft dated June 24, 1912 – established proportions of the flag and provided for arrangement of the stars in six horizontal rows of eight each, a single point of each star to be upward.
  • Executive Order of President Eisenhower dated January 3, 1959 – provided for the arrangement of the stars in seven rows of seven stars each, staggered horizontally and vertically.
  • Executive Order of President Eisenhower dated August 21, 1959 – provided for the arrangement of the stars in nine rows of stars staggered horizontally and eleven rows of stars staggered vertically.

Today the flag consists of thirteen horizontal stripes, seven red alternating with 6 white. The stripes represent the original 13 colonies, the stars represent the 50 states of the Union. The colors of the flag are symbolic as well: Red symbolizes Hardiness and Valor, White symbolizes Purity and Innocence and Blue represents Vigilance, Perseverance and Justice.

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This icon appears next to every link that directs to a third party website not affiliated with Bank of Tucson. Please be advised that if you click this link you will be taken to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Bank of Tucson. We recommend that you review and evaluate the privacy and security policies of the site that you are entering. Bank of Tucson assumes no liability for the content, information, security, policies or transactions provided by these other sites.