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PRETTY PLEASE: First Scottsdale execs "had to grovel a bit" and promise a capital raise to get regulators to let it buy the much larger CBOA, CEO Rich Vogel says.

Small Arizona Bank Thinks Big with M&A Strategy

by Robert Barba
APR 22, 2013 4:45pm ET
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First Scottsdale Bank had $80 million in assets, but then it agreed to buy a $224 million-asset competitor and outbid five others to acquire a $45 million-asset bank from the FDIC.

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