Scottsdale Community Bank, which obtained the state's first independent bank charter in more than 14 years, is locally owned and managed. (Submitted photo)
HAILING A NEW Scottsdale Community says it’s filling a void in the Airpark By Scottsdale Airpark News Staff
he Arizona Department of Insurance and Financial Institutions hailed the opening of Scottsdale Community Bank — which obtained the state’s first independent bank charter in more than 14 years. “Scottsdale Community Bank’s willingness to invest in Arizona demonstrates the state’s strong position as a great place to do business and the need for continued banking expansion,” DIFI Director Evan Daniels says. “Community banks continue to perform a significant role in the country’s banking sector, and I welcome this addition to Arizona’s banking community.” The newly chartered full-service commercial bank opened at 8767 E. Via De Ventura, after receiving final regulatory approval from both the state and the
Federal Deposit Insurance Corporation. Boasting “personalized financial services while leveraging market opportunity with small and medium-size businesses, especially those wishing to pursue product off erings with local decision-making and concern for the Scottsdale community,” the bank is locally owned and managed. “There is a tremendous banking opportunity in Arizona, which is one of the fastest-growing fi nancial and business centers in the nation, yet is drastically underserved,” says Neill LeCorgne, president and chief executive officer of Scottsdale Community Bank. He noted that Arizona has only 10 community banks, compared with 410 in Texas, 401 in Illinois, 144 in California and 41 in Utah. “Our greatest opportunity is rooted in our local decision-making and having our products and services delivered through the most innovative banking platforms
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available in the industry today,” LeCorgne adds. “If you want a banker who answers your calls, actually listens to you, and makes house calls to your business, then we are your bank.” Vice Chair Hemant Patel says the leadership team comprises people with extensive backgrounds in banking, business, nonprofit and public service, including longtime Scottsdale and Arizona community leaders. He said the approval process involved a 1,000-page application, extensive background checks of board members and executives, and even a pandemic banking forecast. “We raised over $19 million in capital, which was $3 million more than targeted, from over 200 insightful founders who saw the dire need in our community for an innovative, effi cient bank that truly provides personalized attention and swift financial services to its clients,” Patel boasts. “One of our guideposts is: ‘Doing
