Scottsdale Community Bank announced its new Lemonade Stand Microloans program, a creative concept for small businesses, that was rolled out during the anticipated grand opening of the new bank.
At the grand opening, Mayor David Ortega, Arizona Department of Insurance and Financial Institutions director Evan Daniels and Arizona Bankers Association president Paul Hickman were in attendance along with over 100 of the bank’s founders, a press release explained.
Scottsdale Community Bank is the first new community bank established in Arizona in over 14 years, and it is unique in combining FINTECH technology and speed in its operations and decision-making with personal concierge service for every client.
This new, locally-owned and locally-managed financial institution is designed to serve and provide loans to small and medium-sized businesses, family businesses, family offices, the medical field, sports and entertainment entities, the hospitality industry and non-profit organizations, the release stated.
While Scottsdale Community Bank will be providing business loans in the millions of dollars, through the Lemonade Stand Microloans program, these microloans of up to $25,000 each are designed for hard-working small businesses simply trying to get to the next level.
In announcing the program, Scottsdale Community Bank board chair George Weisz stated that he has kept a miniature lemonade stand on his desk for over 40 years. The release explained that he said that it is a constant reminder of how so many business owners, as children, started down their path of confidence, people skills, trust and entrepreneurship.
This is why Weisz preaches the sentiment of “Never pass up a lemonade stand. It can change lives,” according to the release.
Helping to kick off this program at the bank’s grand opening was Allison Lefevre, founder of Something So Worth It, a non-profit organization that provides life-changing programs for children with severe disabilities.
Once every year, this group of volunteers sets up lemonade stands across the Valley with all proceeds going to sponsor special activities for these children and their families. Lefevre set up a full lemonade stand at the bank’s grand opening event, the release added.
Speaking to the audience, Mayor Ortega cited the tenacity and thoroughness of the bank’s founders who spent years in preparation to produce a dynamic bank for our dynamic community.
According to the release, Ortega was impressed with Scottsdale Community Bank’s commitment to the community, its local ownership, and its next-generation technology that allows financial and loan decisions to be made with great speed along with personal touches which includes every client having the cell phone numbers of both the president and board chair 24/7.
Evan Daniels of the Arizona Department of Insurance and Financial Institutions told the crowd that a bank applicant must travel down a long road of compliance and background checks, and he noted the vital importance of this local ownership group that understands accountability, fiscal responsibility, and a desire to be involved with the community, according to the release.
The release stated that Daniels said he appreciated how the Scottsdale Community Bank met these obligations, and it is also a testament to state and local leadership for producing a thriving business environment in which a bank can flourish.
At the event, Weisz told the group how proud they can all be for the steadfast work in seeing our vision become reality.
“This is a historic and financially spectacular accomplishment,” Weisz stated, according to the release. “We put together one of the finest banking leadership teams in the nation which has a local commitment with a global vision. We want to be the best bank, a bank that our founders, clients, staff, peers and regulators point to as the model for what others should strive to achieve. This is a true home-grown community bank!”
Weisz added, “I am very proud to serve alongside a tremendously dedicated Board of Directors who have sacrificed time and resources, over years, to build this amazing financial institution.”
Scottsdale Community Bank President/CEO Neill LeCorgne discussed the bank’s state-of-the-art technology and gave demonstrations to attendees of the bank’s unique platforms and processes which provide unmatched speed combined with incredible thoroughness.
In noting the bank’s exceptional personal service, LeCorgne, a highly respected banker with extensive tech experience, stated in the release, “We do house calls. You may never need to step one foot into our office because we will come to wherever you conduct business to handle your transaction thru secure tablet technology. Our office will be wherever you want us to be.”
According to the release, Weisz also complimented Governor Doug Ducey and Sandra Watson, who heads the Governor’s Arizona Commerce Authority, for their continuous efforts of producing economic prosperity for our state.
As stated in the release, Weisz also expressed appreciation to the outstanding staff of the Federal Deposit Insurance Corporation and the Arizona Department of Insurance and Financial Institutions, who carry out their responsibilities with professionalism and accountability combined with a cooperative spirit to ensure that we have a healthy financial industry.
Scottsdale Community Bank is fully operational, eager and passionate about serving the community and the entire state, the release detailed.
More information can be found on the bank’s website at www.scottsdalecommunitybank.com.