Author Archives: Admin

Corbin Dangerfield Joins Government Guaranteed Lending Department at Grandpoint Bank

corbinWe’re happy to announce that Corbin Dangerfield has joined Grandpoint Bank’s Government Guaranteed Lending Department as a business development officer. Corbin will be responsible for marketing and originating government guaranteed loan products for Grandpoint Bank.

Grandpoint offers a variety of government guaranteed loan products that provide alternatives if a traditional credit product is not well suited for a small or medium-sized business. These include loans through the SBA, USDA and Export-Import Bank of the U.S. These government-backed loans require less cash investment up front and offer longer loan terms than conventional loans.

“Government guaranteed loans can help bridge the gap for businesses that otherwise would not have access to capital,” said Leticia Scearce, Senior Vice President/Government Guaranteed Lending Manager. “Corbin has specific expertise in this type of lending, and we’re happy to have him join our team of professionals.”

Corbin served in the same capacity previously for Meadows Bank in Las Vegas. His experience also includes serving as a vice president and business development officer at Lehman Brothers and as a commercial real estate broker at NAI Commercial Real Estate.

“Many SBA loans are made in support of real estate investments,” said Corbin. “My experience as a real estate broker combined with my expertise in banking and finance is especially helpful to my clients, regardless of the type of government guaranteed loan that suits them best. In my new position, I’m excited to offer clients the full resources and capabilities of Grandpoint’s government guaranteed lending team.”

Another reason Corbin wanted to join Grandpoint’s SBA/Government Guaranteed Lending Department was to be part of a team that can fund qualifying loan applications at the pace business moves.

“I also appreciate that our team understands larger, more complex deals, and that we are able to offer the whole array of Government Guaranteed Lending programs, not just the 7a and 504 loans.”

When he’s not working, Corbin enjoys outdoor recreational activities, especially when it’s with his kids.

We’re glad to have him on board, and we hope Corbin may be of service to your business if you’re considering a government guaranteed loan.

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CNBC/Survey Monkey Poll Reveals Small Business Vulnerability to Cyberattack

Protection concept. Protect mechanism, system privacy.

“Hackers have breached half of the 28 millionscreen-shot-2016-09-13-at-11-07-51-am small businesses in the United States, according to the 2016 State of SMB Cybersecurity Report,” says a recently-released CNBC/SurveyMonkey Small Business Survey article about cyber security.

Through a survey of 2,000 small business owners across the nation conducted in April, the CNBC/Survey Monkey team found that only two percent of small business owners surveyed saw cyber security as “the most critical issue they face.”

Many business owners are more concerned about personnel, competition or benefits issues, but the resulting lack of focus on cyber security, combined with an attitude of ‘we’re too small to be targeted,’ may make these businesses more vulnerable to cyberattack, the article stated.

The article also cited Hemu Nigam, founder of SSP Blue, an internet security consulting business, and the former vice president of internet enforcement at the Motion Picture Association of America, who said, “Hackers love small businesses [because] they don’t have the resources to put in high-end cybersecurity protection and they may not be consciously aware they are a target.”

The cost of not having a high-end cybersecurity protection system can be high as well. For a retailer, a credit card data breach can range from “$200 per transaction to $395 per transaction” to respond adequately to the breach, according to the report.

Cyberattacks against businesses can come in many forms (we suggest reading through our blog archives to learn more about these types of attacks and defensive steps to take). The CNBC/SurveyMonkey article’s authors recommend the following precautionary measures:

  • Use large service providers like WordPress and Gmail for your company’s website and email since they already have complex protection systems built in.
  • Refrain from checking personal accounts from a company computer.
  • Use a cloud-based service rather than keeping your information local.

For more cybersecurity tips, please check out our blog post “Nine Tips for Better Cybersecurity” on our website.

More information about the CNBC/Survey Monkey Small Business Survey can be found at the CNBC web page on the tech/cybersecurity page.

(Promoting cybersecurity best practices, Bank of Tucson recommends against clicking links provided by second-hand parties and chooses instead to provide written directions about how to find material we reference on our blog.)

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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.

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Thanksgiving

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With cooler days and falling leaves, we know another year is soon behind us. But first, we gather to celebrate, count our blessings and reflect. Thanksgiving is unlike any other holiday we celebrate. It’s a day to gather with those we love and the friends we hold dear; a day to share a meal and to share each other’s company.

Whether your Thanksgiving celebration is near or far, large or small, we at Bank of Tucson wish you a wonderful day, filled with cheer and the warmth of the holiday season.

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Grandpoint Bank donates $10,000 to U.S. Vets

U.S. Vets intranetMembers of our Grandpoint Bank family, which includes Bank of Tucson, recently toured the Long Beach campus of U.S. Vets, an organization dedicated to helping veterans and their families make a successful transition to civilian life by providing housing, counseling, career development and comprehensive support. Our visit included the presentation of a $10,000 donation to the organization.

According to U.S. Vets, about 50,000 vets in our nation are homeless – men and women who have served valiantly for our country and now find themselves sleeping on the streets.

“Beyond the essentials, what I saw during our visit is that U.S. Vets is giving veterans back their self-respect,” says Darlene Esquerra, Senior Vice President & Community Development Office of Grandpoint Bank. “Everyone is treated with kindness by staff members and volunteers, who, in many cases, have had the same experiences as the veterans.”

U.S. Vets is the largest organization of its kind addressing the needs of homeless and at-risk veterans and their families in the U.S. Their Long Beach facility is located on 25 acres of former Naval housing and offers a variety of permanent and transitional housing – including a building for women veterans with up to two children and housing for homeless vets — dining facilities, community center, clinic, classrooms, recreational facilities and even an urban forest where residents can pick fruits and vegetables.

“Grandpoint Bank’s support of our programs across Southern California makes it possible for us to fill the gaps and really meet the unique needs of each one of the veterans we serve,” said Laney Kapgan, Vice President of Development and Communications for U.S. Vets. “With more service men and women coming home than ever before, this investment will help us continue to expand not only housing but also key employment and mental health programs for our veterans.”

Grandpoint was introduced to U.S. Vets through our Executive Vice President and CCO Mark Phillips, who struck up a conversation with U.S. Vets National Director of Programs, Larry Williams, on an airplane. Mark was so impressed with the program, he referred the information for consideration as a Grandpoint Bank Community Reinvestment Act-qualified donation. The rest, as they say, is history.

You can find more information about U.S. Vets on their website usvetsinc.org.

We’re proud to salute U.S. Vets for helping so many vets and their families, and we thank all the members of our armed services, past and present, for their dedication and selflessness.

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Bank of Tucson Promotes Rey Robles to Vice President

ReyPlease join us in congratulating Rey Robles, who was recently promoted to Vice President – Commercial Lending.

Rey specializes in commercial real estate lending, with a focus on construction, but his duties encompass all types of commercial loans and lines of credit. He also provides general banking services and manages client relationships.

Rey has 20 years of banking experience in Arizona, where he earned his bachelor’s degree in both Accounting and Finance from the University of Arizona and his MBA from University of Phoenix.

“Rey is an asset to our clients and to our bank,” said Mike Hannley, President of Bank of Tucson. “He genuinely enjoys the challenge of putting together a commercial loan deal unique to each client and situation.”

With a strong commitment to community service, Rey currently serves as a board member of both the Pima County Community Land Trust—which helps lower-income buyers purchase rehabbed homes—and the Arts Foundation for Tucson and Southern Arizona. He is a Pima County native who currently resides in Oro Valley with his wife and two teenage daughters.

His discipline and commitment extend to his personal life as well. For over seven years, Rey has been training in martial arts.

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Nonprofit Loan Fund of Tucson & Southern Arizona Earns Important Designation

BT Don JenksMany congrats to the Nonprofit Loan Fund (NPLF) of Tucson and Southern Arizona for being recognized by the U.S. Department of the Treasury as a Certified Community Development Financial Institution (CDFI). This designation will give NPLF access to loan funds through various Department of Treasury programs.

We have profiled NPLF previously on our blog for the good work it does providing financing to promote economic and community development in distressed and underserved areas. Don Jenks, Executive Vice President and Regional Credit Administrator for Bank of Tucson, chairs the NPLF board.

As Don pointed out, “[The NPLF] system is a win-win. Investors make a return on their investment while also helping many wonderful nonprofit organizations make a difference in our community.”

NPLF has provided nearly $2 million in loans to local nonprofits to help strengthen operations, bridge cash-flow gaps, further their initiatives and make them financially sustainable. Investors receive 2% interest, while NPLF lends money out to local nonprofits at approximately 8% interest rate. Loans range from $10,000 to $200,000 for up to five years.

After receiving the CDFI designation, NPLF applied for and will receive operational funds in the first quarter of 2018 to help run its operations. This funding will allow NPLF to bring on an additional staff member and free up the executive director to market the loan services available through NPLF to local nonprofit organizations.

“Loan demand from local nonprofits has been very strong this past year,” said Don. “More nonprofits are recognizing how NPLF can help them, but we still need to do a lot more to educate the nonprofit community about how an NPLF loan is structured to work for an organization that may not qualify for a conventional loan.”

The NPLF board plans to apply for additional funds from the U.S. Department of Treasury next year as well, this time to fund capital rather than operations.

“In the meantime, being a CDFI will also qualify NPLF to apply for community reinvestment act (CRA) funds from banks,” said Don.

Arizona Daily Star wrote about the CDFI designation for NPLF, pointing out that “NPLF is the only local CDFI to target nonprofit organizations throughout Southern Arizona.”

Locally, beneficiaries of NPLF loans include Southwest Folklife Alliance, Esperanza en Escalante, International School of Tucson, True Concord, Tucson Botanical Gardens, YWCA of Southern Arizona and more.

Many of the organizations have provided testimonials for NPLF’s website, including:

“’The NPLF loan made it possible for Tucson Botanical Gardens to move forward with confidence on major financial commitments.’ An NPLF loan was bridge financing during the pledge phase of a capital campaign [and] ensured that they could complete the new Visitors Center in time for opening of a new exhibit.”

NPLF loans have helped nonprofit organizations in our community strengthen Tucson’s reputation as a destination, educate Tucson citizens, build affordable housing and much more. It is a model for the dynamic relationship private citizens, businesses and nonprofit organizations can build to transform their communities for the better. And now, NPLF adds a Federal government agency to that formula for success.

Bank of Tucson is proud to support the efforts of Don and NPLF to elevate our community.

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Equifax Cyber Fraud Update

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On September 7, 2017, Equifax announced a cybersecurity incident potentially impacting approximately 143 million U.S. consumers.  Criminals exploited a website application vulnerability to gain access to certain files between mid-May through July 2017. The information accessed primarily includes names, Social Security Numbers, birth dates, addresses and, in some instances, driver’s license numbers. In addition, credit card numbers of approximately 209,000 U.S. consumers, and dispute documents with personally identifying information for 182,000 U.S. consumers were accessed.

To find out if you are one of the affected individuals, Equifax has established a dedicated website, equifaxsecurity2017.com,screen-shot-2016-09-13-at-11-07-51-am to help consumers and to sign up for free credit file monitoring and identity theft protection. The offering, called TrustedID Premier, includes 3-Bureau credit monitoring of Equifax, Experian, and TransUnion credit reports; copies of Equifax credit reports; the ability to lock and unlock Equifax credit reports; identity theft insurance; and Internet scanning for Social Security Numbers – all complimentary to U.S. consumers for one year. Equifax has also set up a dedicated call center number at 866-447-7559 and is open every day from 7:00 a.m. to 1:00 a.m. Eastern time.

Equifax will send direct mail notices to consumers who were directly impacted.  The above website and phone will allow concerned U.S. consumers to confirm if they were impacted. Grandpoint Bank recommends our customers review the free premium monitoring service provided by Equifax.

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The Children’s Museum Tucson/Oro Valley – A Community Treasure

Childrens museum check

From l to r: Hilary Van Alsburg, Michael Luria, Michael Hannley and Teresa Truelson

We love supporting great non-profit institutions that define our region and make Tucson a wonderful place to live and visit. We recently presented a $2,500 check to The Children’s Museum Tucson to help the organization continue its tremendous work in providing creative spaces for kids to play, imagine and learn.

The Children’s Museum Tucson, located in the historic Carnegie Library, was founded in 1986. The museum features 11 indoor exhibits and party rooms as well as an outdoor courtyard with three additional exhibits. Some of the attractions, which are regularly changed and upgraded, include Whistle Stop, Gravity, Investigation Station, Techtopia, Wee World and Public Safety.

Every third Saturday of the month, kids can participate in the museum’s MyTime Inclusion Program, which “serves families with unique needs and in collaboration with community service providers. MyTime is open to any family who feels they and their children can benefit from an inclusive, positive environment.”

The museum’s second location, The Children’s Museum Oro Valley, located on N. Oracle Road, is targeted to kids from infants to five years old and provides arts, literacy and science-based programs to cultivate school readiness. Exhibits include Farmers’ Market, Toddler Town, Literacy Corner, Peek-A-Boo Palace, Art Studio and Lullaby Lounge.

As the holidays near, look out for the popular Gingerbread Workshop, held at the Oro Valley location, where kids can be creative decorating their own, premade gingerbread house.

Combined, the two museums serve more than 200,000 visitors each year. In 2016, the organization offered 48 free or reduced-admission days, representing a reinvestment of nearly $270,000 back into the community.

Tucsonians can be proud of The Children’s Museum Tucson, but the biggest fans are likely our smallest citizens. We’re proud to support the museum’s efforts to engage, challenge and delight Tucson’s youngest generation. Visit their website at childrensmuseumtucson.org.screen-shot-2016-09-13-at-11-07-51-am

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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.

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Lilly Pulido Joins the Team at Bank of Tucson

Lilly PulidoWe’re excited to have added Tucson banking professional Liliana (Lilly) Pulido to our team as a client service specialist.

Lilly has 12 years of management experience and has proven herself a consummate people person. She’s fluent in both English and Spanish, so she can help our customers find creative banking solutions in both languages!

“I think the thing that has stood out the most since joining Bank of Tucson is how genuine everyone is about wanting to help,” she said. “The first week I arrived, our president, Mike Hannley, personally welcomed me and wanted to get to know me. Everyone else was like that too, and I didn’t even feel nervous about joining the lunch room my first day.”

Lilly says that she’s seen that same dynamic between Bank of Tucson’s employees and clients.

“The customer is our number one priority. No one has to wait to be served, and we even have a receptionist who makes sure everyone who calls gets to speak with a person…and never to a computer.”

Lilly says she’s looking forward to growing with the bank and getting to know the clients.

“It amazes me to see all the businesses that bank with us,” she said. “I recognize our customers all over town.”

Having lived in Tucson since 1989, Lilly understands the importance for a business to maintain a reputation of trustworthiness and superior service.

“I interviewed at several banks, and all my other interviewers told me that Bank of Tucson is their main competition,” she said. “I can already see why.”

When she’s not working, you might see Lilly at the gym, a concert or a museum. She loves to visit the Children’s Museum with her niece and nephew and was excited to learn that the museum banks with Bank of Tucson. She’s also an animal lover and has rescued four dogs from the streets.

“I love helping, and even if I don’t have the means, I’ll find a way to make a difference,” she said.

We think that she is a great fit for Bank of Tucson and our clients. Welcome, Lilly.

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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.

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