Sonoran Bank Celebrates Third Year Anniversary; Forecasts Future Growth

Despite Current Banking Trends Sonoran Bank is Continuing to Gain Traction; Solid Banking Practices Factor in its Success to Date

PHOENIX, Ariz. – Phoenix, Arizona-based Sonoran Bank (www.sonoranbank.com/) is proud to announce the celebration of its third year Anniversary of providing Valley businesses and individuals with exceptional banking services and competitive loan and interest rates. In an effort to continue to provide valuable services to its members, Sonoran Bank will continue to invest in its customers by offering strategic business seminars, explore the introduction of new reward programs and remain active in the Phoenix community. As a result, Sonoran Bank is forecasting future growth and is expecting to see an influx of new business customers, increase in small business loans to qualified candidates and a continued increase in its banking assets in 2009 and 2010.

Since the banking industry took a turn for the worse in 2008, Sonoran Bank has remained steady and strong. Unlike its competitors, Sonoran Bank has not had to lay off employees, required bailout money or placed a freeze on all new loans. Instead it has continued to operate normally and provide secure FDIC insurance to its customers, regardless of their balance. Bottom line, the community bank has stayed true to its customers and Arizona, by practicing sound banking that has helped propel small and mid-sized businesses forward.

“We are excited to celebrate three years of success in Phoenix and look forward to continuing to be the bank of choice for small-to-medium sized and minority owned businesses in the Valley,” said Jim Vigars, president of Sonoran Bank. “We want to especially thank our team of dedicated employees, members of Sonoran Bank and of course the community, they have all played a big part in our success.”

At the forefront of banking, Sonoran Bank holds strong ties to the Phoenix business and minority community and is constantly looking for ways to help impact their customers’ bottom line. Most recently, Sonoran Bank held its quarterly Business Success Series seminar, where Valley entrepreneurs and executives could discover cost-effective marketing tips to drive their company forward. This is part of a continued effort by Sonoran Bank to remain active and in-touch with its customers, a specialized service that larger banks cannot provide.

Vigars added, “These are tough economic times for everyone and we are looking for ways to lend our support to our customers. Whether it’s by giving a company access to a line of credit, providing strategic advice or aligning our bank with other strong programs or institutions-we are here for the Valley’s business community.”

Submitted on behalf of Sonoran Bank
Sonoran Bank proudly serves for profit and nonprofit businesses in the metro Phoenix, Ariz. area. Based on a foundation of relationship banking, Sonoran Bank specializes in commercial banking services for small- to medium-sized businesses, particularly those owned by Hispanic minorities. Sonoran Bank is one of just two Arizona banks to be named a Minority Depository Institution by the FDIC. With a mission to value and respect its customers and employees, Sonoran Bank provides each customer with superior service that creates trust and focuses on total financial relationships. Sonoran Bank has been approved to bid on failing banks in Arizona, Nevada, New Mexico, and Utah. For more information about Sonoran Bank visit www.sonoranbank.com/. Member FDIC.

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