What opportunities does expansion into the Casa Grande market bring for the bank?
Central Arizona Bank opened in Casa Grande on November 24, 2008, joining forces
with Valley First Community Bank in Scottsdale.
Expansion into the Casa Grande market provides the city, and a large portion of
Pinal County, with a community bank, which it has not had for some time. In Pinal
County, Casa Grande is the hub and the most developed city. This market area provides
a niche that can be filled by a community bank that recognizes the need for full-service
banking and hometown service. Hometown service includes local decision-making and
tailoring products and services to the community’s needs.
Larger, “big box” banks were the only choice in this market until Central Arizona
Bank opened. We feel our bank has a tremendous opportunity to assist individuals,
small businesses and entrepreneurs currently underserved by larger, dominant financial
institutions. When the local economy rebounds, Central Arizona Bank will find success
due to our quicker response time for credit and banking inquiries and our understanding
of the underlying community fundamentals.
Casa Grande is poised for long-term growth despite current economic woes. Casa Grande
and Pinal County are strategically located because of their proximity to two interstate
freeways, transcontinental railways and a newly-proposed freeway. Central Arizona
Bank is looking forward to sharing in the growth opportunities in the future.
— Franklin C. Shelton, President