News & Insights

The U.S. Small Business Administration has issued delegated authority to Integro Bank, an esteemed status within their Preferred Lender Program (PLP). The PLP status is the most desirable accreditation that a bank can receive for small business lending.

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PHOENIX, April 16, 2024 /PRNewswire/ -- As the #1 fastest-growing bank in Arizona with 625% loan growth in 2023*, Integro Bank announced their upcoming event for the April CEO Club: "Navigating Financial Resilience – Planning for Sustainable Growth" featuring A.J. Wilson, partner at Newport LLC, as the speaker. This event is a great opportunity for CEO Club members as well as business owners and business leader attendees to learn how to navigate varying economic cycles, improve financial resilience and plan for sustainable growth.

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It has been reported by Gallup poll that about 8% of adult Americans, which is roughly 21 million people, have personally been scammed. Fraud is a widespread problem that can take several forms, each with its own unique characteristics and consequences. It is crucial for individuals and organizations to understand the various types of fraud to stay alert and implement effective preventive measures.

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As businesses strive for sustainable growth, access to capital becomes a critical factor. Whether expanding product lines, entering new markets, or scaling operations, growth initiatives often require significant financial investment. However, pursuing growth at the expense of financial resilience can be detrimental in the long run. The key lies in carefully evaluating and leveraging the right financing options to fuel expansion while maintaining a solid financial foundation.

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In this episode of The Modern Banker podcast, they delve into the world of innovative banking and entrepreneurship, gaining insights that transcend traditional banking models. Thomas shares his unique journey from a background in technology startups to founding a bank aimed at revolutionizing small business lending. Discover how his diverse experiences, including regulatory oversight and international work, shaped his approach to banking.

Gain valuable perspectives on the importance of diversity in leadership and the power of technology in transforming banking services. Explore Thomas's vision for the future of banking, including the integration of cutting-edge tools like Integro360 to empower small businesses. Whether you're a seasoned banker, an aspiring entrepreneur, or simply curious about the future of finance, this episode offers a wealth of knowledge and inspiration.

An emergency fund is a critical component of financial health and stability. As reported by Bankrate 30% of U.S. adults have enough to cover up 6 months' expenses or more. Having an emergency fund serves as a safety net to protect you from unexpected expenses, job loss, or other unforeseen circumstances that could derail your financial plan. Building an adequate emergency fund can help you avoid taking on high-interest debt or depleting your retirement savings during tough times.

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Online banking has become an essential part of modern financial management. According to gitnux.org, online banking usage in the United States increased from 36% in 2005 to 73% in 2021. The advantages of online banking are multifaceted and include accessibility, cost savings, enhanced security, and environmental sustainability. As more people recognize the convenience, security, and financial insights that online banking offers, it has become an indispensable tool for managing personal finances effectively.

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A study by Lucidpress showed that consistent brand presentation across all platforms can increase revenue by up to 23%. Moreover, a survey conducted by Edelman revealed that 81% of consumers need to trust a brand before making a purchase decision. These statistics underscore the significance of a cohesive and trustworthy brand identity in driving business success.

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Phoenix, March 14, 2023 /PRNewswire/ --As the #1 fastest-growing bank in Arizona recording 625% loan growth in 2023* helping small businesses, Integro Bank is thrilled to announce its next upcoming exclusive event for the CEO Club. This event will provide a rare chance for local businesses to connect with a leader from a professional sports franchise. Our honored guest, Paul Rivers, the Chief Innovation Officer of the Phoenix Suns and Phoenix Mercury, will be present to share the hurdles and challenges that he encountered from early in his career to his current role with the organization.

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The 2022 Annual Business Survey (ABS) revealed that there were around 5.9 million employer firms in total. Out of these, 1.2 million (21%) were owned by minorities, 304,823 (5.2%) were owned by veterans, and approximately 1.3 million (22%) were owned by women. These businesses together generate over $1.8 trillion in revenue and employ 6.3 million workers. However, some minority-owned businesses are facing challenges that are holding back their growth. Bank of America's 2022 Women & Minority Business Owner Spotlight highlights that 46% of Women & Minority Business Owners have faced difficulties in accessing capital, among other challenges. Minority-owned businesses should remain vigilant and watch out for these challenges in 2024.

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