News/Press Room

Alliance Bank marks one-year anniversary in East Valley

Oct. 28, 2008

Alliance Bank of Arizona celebrates the one-year anniversary of its East Valley office this week after opening its first location in Mesa at 1110 E. Baseline Road last October.

"The growth of our East Valley office in only 12 months has more than exceeded our expectations," said Jim Lundy, President & CEO of Alliance Bank of Arizona. "Dee (Burton) and his team have done an outstanding job during tough economic times to establish a strong presence for Alliance Bank in the East Valley. Their efforts to serve the businesses and residents in that area have been extraordinary."

Led by veteran East Valley banker and senior vice president Dee Burton, Alliance Bank has generated $37 million in new loans and $25 million in deposits at its East Valley regional office. Located just west of Stapley and Baseline in Mesa, the 8,000 square foot office is home to the bank's East Valley Commercial Banking team, SBA Lending, Residential Real Estate and also a full-service branch. The office features drive-thru teller service, a drive-thru ATM and a night depository. The Mesa office phone number is (480) 609-2900. To celebrate the bank's one-year anniversary, the East Valley office is offering rate specials on its money market account and its certificate of deposit - Flex CD. The bank is also pleased to offer unlimited FDIC deposit insurance on all non-interest bearing accounts and five times the normal FDIC deposit insurance (up to $1.25 million) on its special WAL Tree money market account. Customers may visit or call the Mesa office for further details. Office hours are Monday - Thursday 9:00 a.m. - 4:00 p.m. and until 5:00 p.m. on Friday.

Founded in 2003, Alliance Bank has quickly become one of the fastest-growing banks in the U.S. with total assets of $853 million, total deposits of $655 million and total loans of $622 million (as of 9/30/08). Alliance Bank is a "super community" commercial bank with local decision-making, focused on Arizona's business and professional community, along with individuals seeking personalized banking service. Alliance Bank now has 11 offices statewide including Phoenix, Scottsdale, Mesa, Tucson, Flagstaff and Sedona. For more information, visit the Alliance Bank of Arizona web site at alliancebankofarizona.com.

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