RBAZ Board Welcomes New Member Maggie Sanchez

09/14/23

Republic Bank of Arizona announced it is adding a new member to its board of directors for the first time since 2013. Maggie Sanchez, CEO of Digital Impact will replace outgoing board member Chad Cline.

RBAZ Pleased With Results for the First Half of 2023

From an earnings standpoint, the Company is well positioned entering the second half of the year. Significant loan production will continue to provide strong interest income as the Company carries a robust loan pipeline into the second half of the year.

Make No Mistake, RBAZ is Lending!

There isn’t a day that goes by without some article or news story about how a weakening commercial real estate (CRE) sector will undermine the entire banking industry, but particularly, small banks. While office vacancies are up, initially from the non-return of workers post-pandemic, CRE represents very diverse market and industry segments.

FedNow® Instant Payment Service Could be Game Changer

In July, the Federal Reserve launched its long-anticipated faster payments system, called FedNow®. It’s the first government-created platform to help banks transfer money in real-time, similar to payment apps like Venmo and Cash App. We have had our eye on the FedNow® project for a few years monitoring its progress and launch as a solution for our customers to have the security and stability of Federal Reserve backing at a much lower cost to the Bank and our customers.

Spotlight on Restauranteur Chris Glass

Arizonans have a lot of choices when it comes to spending their money to dine out. That’s why restauranteur Chris Glass and his wife Kim work especially hard to ensure when people come to one of their three restaurants around the Valley, they get an experience that will bring them back for more.