Arizona

Western Alliance Bancorp. in Phoenix reported higher first-quarter profit as its remains a busy dealmaker.

Western Alliance Bancorp. in Phoenix has agreed to buy GE Capital's hotel franchise finance loan portfolio.

Comerica in Dallas retroactively cut its fourth-quarter profit by $14 million after discovering that a single borrower — an Arizona company the bank did not identify — was unlikely to repay its loan.

The $325 million-asset State Bank said in a press release Tuesday that it will pay $29.6 million in cash and stock for the $206 million-asset Country Bank.

Western Alliance Bancorp. in Phoenix reported higher fourth-quarter profit on higher commercial and construction lending and improved fee income.

Western Alliance Bancorp. in Phoenix posted a big increase in third-quarter profit, its first earnings statement after the acquisition of Bridge Bank.

USAA will shift about 120 positions in its mortgage operations from an office near Dallas to offices in Tampa, Fla., and Phoenix.

Kent Wiechert, owner of Weststar Mortgage in Albuquerque, N.M., has acquired Goldwater Bank in Scottsdale, Ariz.

Arizona Central CU has signed a deal with the NBA's Phoenix Suns and the WNBA's Phoenix Mercury.

A recent study by Cornerstone Advisors suggests CUs are overpaying for debit processing payments, but some CUSOs and other processors disagree.