News & Insights

From the Phoenix Business Journal

This is the third startup, or de novo, bank to open its doors in the Valley since the start of 2022. Integro Bank is in the process of closing a deal to purchase a building in Phoenix from a local credit union.

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From PR Newswire

Integro Bank (In Organization) announced that it obtained conditional approval from the Federal Deposit Insurance Corporation (FDIC) for deposit insurance in connection with its application to open a new bank devoted to helping small businesses.

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From PR Newswire

Integro Bank (In Organization) announced that it obtained conditional approval from the State of Arizona Department of Insurance and Financial Services to open a new bank devoted to helping small businesses. Among the conditions for opening the bank is a requirement to raise a minimum of $27.9 million in capital and for the bank to obtain regulatory approval from the Federal Deposit Insurance Corporation (FDIC) for deposit insurance.

From Arizona News

When Scottsdale Community Bank opens for business in the coming weeks, it will mark the first time in the state of Arizona since the 2008 financial crisis.

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From Business Radio X

Thomas Inserra is doing big things for small businesses. During the pandemic, he noticed the imbalance of small businesses being shuttered mainly due to the lack of capital. It was through this need an idea was born to provide banking needs to small businesses, but they provide even more than that. 

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From Yahoo! Finance

Integro Bank (Proposed) announced that due to enthusiastic support at its recent investor events in Phoenix, New York City, Las Vegas, and Newport Beach, that it has scheduled three additional informational investor events.

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From PR Newswire

Danielle Fredey and John Parsons to accelerate build out of digital and tech capabilities of the proposed Phoenix-based bank for small businesses and non-profits.

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From Arizona Small Business Association

Integro Bank (Proposed) announced that it successfully secured limited approval to engage in capital raising, pre-opening, hiring and organizational activities by the Arizona Department of Insurance and Financial Institutions.

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From Arizona Business Magazine

The proposed Integro Bank, which is hoping to become the first new bank in Arizona since 2007 and open its doors this year,  announced that it successfully secured limited approval to engage in capital raising, pre-opening, hiring and organizational activities by the Arizona Department of Insurance and Financial Institutions.

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From S&P Global

Arizona gained another bank in organization this month as the Copper State continues to wait for its first established de novo bank in 14 years. Phoenix-based Integro Bank adds to the handful of Arizona-based de novo banks in organization and is the second de novo to apply for deposit insurance in 2021, after Gainey Business Bank.

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