In the News

By John S Lewis, Commerce Bank of Arizona. Inside Tucson Business, 11-30-2012

By John S Lewis, Commerce Bank of Arizona. Inside Tucson Business, 7-6-2012

By Teresa Nowak, Commerce Bank of Arizona. Inside Tucson Business, 3-30-2012

By Teresa Nowak, Commerce Bank of Arizona. Inside Tucson Business, 12-3--2011.

Inside Tucson Business selected our Commercial Loan officer Teresa Nowak to be honored as a 2011 "Woman of Influence" in local business and community service. 

Tubac branch celebrates Anza Days with community on October 22, 2011. (Excerpt from Tucson Citizen, October 13, 2011) 

By Fred Dawson for "Inside Tucson Business," posted: Friday, July 29, 2011.  In the last article I wrote for Inside Tucson Business (see link below), I mentioned a controversial provision of the Dodd-Frank Act (DFA) called the Durbin Amendment.

Named after U.S. Sen. Richard Durbin, D-Ill., the amendment will require the Federal Reserve to limit the fees banks and credit unions can charge retailers and service providers for processing debit card transactions.

Excerpt from People in Action, Friday, July 15, 2011, Inside Tucson Business.  Vice President Humberto Stevens and Senior Vice President Teresa Nowak were recently appointed to the boards of local charitable foundations. 

Phoenix Business Journal - by Yvonne Gonzales, July 1, 2011  Denise Gorman has more than 30 years of experience in the banking industry, most of it in the Phoenix area.

Excerpt from Arizona Daily Star - Dale Quinn, Sunday, June 26, 2011.  Tucson's community banks and credit unions remained on stable financial footing through the first quarter of 2011, the latest ratings from BauerFinancial Inc. show.

Excerpt from Phoenix Business Journal, 6-20-2011 - Jennifer A. Johnson. U.S. Banker magazine lists Commerce Bank of Arizona among the nation's Top 200 Community Banks

Humberto N. Stevens, VP for Commerce Bank of Arizona, The Writ newsletter/Pima County Bar Association.  Fraud and theft can happen to anyone, including you.  Most often people don’t talk about it in social settings and much less around the office. We don’t want to seem paranoid among our business peers or create an air of concern for our clients. However, lately the tide has turned and more professionals are discussing the topic... 

Excerpt from Green Valley News, Monday, May 16, 2011.   Tucson-based Commerce Bank of Arizona has promoted Humberto Stevens to vice president, branch manager/business development officer of its Green Valley branch.

"There have been many changes to banking rules and regulations in recent years, in addition to all-encompassing changes made by the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA)." — Fred Dawson, Jr., EVP/Chief Credit Officer, Commerce Bank of Arizona 

"One bank, Commerce Bank of Arizona, and two credit unions, Hughes Federal and Pima Federal, ended the year with Bauer's highest ranking, five stars, which is considered superior." —Inside Tucson Business staff, Inside Tucson Business

We’ve heard that Congress passed a number of new laws to protect home loan applicants against unfair and deceptive home mortgage products and lenders. What are they and do they really help? —G.A. Kern, Catalina Resident

We have heard terrible things about adjustable rate mortgages. Are they so bad? —E. Martin, Rancho Vistoso Resident

The economy is really bad and several of my competitors have gone out of business in the past year. How can I strengthen my small business to prevent it from closing? — B. Harris, Oro Valley

What current financial trends will likely affect my business in 2011? —A. Itkin

What does “Prime Rate” mean? —R. Lynn, Tucson

"I often hear that “big banks” are not doing enough to help distressed homeowners whose mortgages are in default." —Fred Dawson, Jr., EVP/Chief Credit Officer, Commerce Bank of Arizona

What is the current insurance limit offered by the FDIC (Federal Deposit Insurance Corporation) on bank deposits, and how can I find out my bank’s stability and whether my accounts are safe there? —K. Slawson, Oro Valley

"Commerce Bank of Arizona maintained its five-star rating, the highest among Tucson-based banks and among only a handful of Arizona-based banks to hold that rating." —Assistant Business Editor David Wichner, Arizona Daily Star

I own a business and have not needed, before now, to apply for a loan. If I did obtain a business loan from my bank, would I be taking on any obligations beyond making the scheduled payments? —Biff from Tucson

How does a home equity line of credit work? —C. Fairbanks, Oro Valley

"In these difficult economic times, cash is king.  For businesses that sell products and services on credit, a sale is not a sale until cash is collected. While a business cannot ensure that it will receive payment for the products and services it provides, it can minimize the risks of non-payment through a carefully thought out and maintained credit approval process." —Fred Dawson, Jr., EVP/Chief Credit Officer, Commerce Bank of Arizona

"The federal policy aimed at keeping troubled commercial real estate loans out of foreclosure is not a law or a mandate, but a set of guidelines set by federal financial regulators that lenders may choose to follow." —Fred Dawson, Jr., EVP/Chief Credit Officer, Commerce Bank of Arizona

"Renegotiating or modifying an existing loan is a trend percolating among small businesses.  While this may seem to be an attractive option to cope with declining revenue during these tough economic times, it is important to know how to work toward renegotiating a loan without being denied, which requires viewing the modification request from many viewpoints." —Fred Dawson, Jr., EVP/Chief Credit Officer, Commerce Bank of Arizona