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.

TEMPE, Ariz. — Altier Credit Union on Thursday said David Skilton will serve as the credit union's new president.

Heartland Financial USA in Dubuque, Iowa, has agreed to buy First Scottsdale Bank in Arizona.

Landings CU outsourced the management of its four machines to Dolphin Debit Access, an ATM management firm in Houston.

The $317 million-asset State Bank said in a press release Tuesday that it will sell the Yuma, Ariz., branch — along with $17 million in deposits and $18 million in loans — for roughly $750,000.

Western Alliance Bancorp. in Phoenix has agreed to buy Bridge Capital Holdings in San Jose, Calif.

Vincent Hui, senior director with Cornerstone Advisors Inc. in Scottsdale, Ariz., said he expects interest rates will go up "a little bit" in 2015, but nowhere near the sharp rise some forecasters predicted near the end of 2014.

PHOENIX — As the real estate market rebounds in the Grand Canyon state's capital, once credit union here reports that a new mortgage program is attracting significant new lending business.

The Man Group, an international hedge funder provider that manages approximately $72.3 billion, has contracted with Thomson Reuters to use its Accelus Org ID "Know Your Customer" platform.

Vantage West Credit Union President and CEO Robert D. Ramirez is on the transition team of new U.S. Rep. Martha McSally, R-Ariz.

Seacoast Commerce Bank in San Diego has created a new holding company.