Arizona

Western Alliance (WAL) in Phoenix reported a drop in quarterly profits largely because of debt valuation adjustments.

First Scottsdale Bank (FSB) in Scottsdale, Ariz., and CBOA Financial (CBOF) in Tucson, Ariz., have terminated plans to merge.

Community Valley Bank in El Centro, Calif., has hired a new chief executive.

CoBiz Financial in Denver has named new leadership at its banking franchise. Jonathan Lorenz has been named chairman of the board and Scott Page will replace Lorenz as chief executive at Colorado Business Bank and Arizona Business Bank.

Capitol Bancorp (CBCRQ) has lost another bank after regulators closed its Sunrise Bank of Arizona on Friday.

First Credit Union of Chandler, Ariz., has selected AnyHour Solutions for its call center services.

MISSOULA, Mont. – Missoula FCU announced the hiring of Jack Lawson, chief operating officer at Self-Help FCU in California, as president and CEO of the $400 million credit union.

Alamogordo Financial Corp. (ALMG) in New Mexico has agreed to buy Bank 1440 (BFFO) in Phoenix.

FEDERAL WAY, Wash. – The formerly unpaid position of a volunteer credit union director is growing quite lucrative in some places, with directors in some states earning upwards of $90,000 a year to serve.

BAY CITY, Mich. – A new round of lawsuits challenging readiness for the sight-impaired ATM provisions of the Americans With Disabilities Act is targeting credit unions, with as many as half-dozen ADA suits filed in the past few weeks.

ALEXANDRIA, Va. – The NCUA Board is expected next week to propose a rule allowing broader use of financial derivatives, mainly interest rate swaps, options and collars.

ALEXANDRIA, Va. – The NCUA Board in closed meeting yesterday approved New Berlin, Wisconsin credit union giant Landmark CU’s application to acquire Hartford (Wis.) Savings Bank, a troubled, $190-million institution.

ALEXANDRIA, Va. -- Pentagon FCU unveiled a 0.74% rate today for online car loans provided through its car buying service as part of the credit union’s March Madness savings promotion.

WASHINGTON – The former CEO of Constitution Corporate FCU asked a federal appeals court yesterday to overturn the NCUA Board’s ruling denying him some $250,000 in back pay and benefits after the federal regulator took over his failed corporate in September 2010, along with two others.

The $4.4 billion-asset bank holding company based in Dubuque, Iowa said Thursday it would buy Heritage Bank in Phoenix for $16 million in cash.

The Federal Reserve Board has issued an enforcement order against Gold Canyon Bank that gives the Gold Canyon, Ariz., company 90 days to become adequately capitalized or to sell itself.

Coming off a strong first quarter in which its profits more than tripled from the same period last year, Western Alliance Bancorp (WAL) in Phoenix may be looking to build up its war chest to keep the momentum going.

Western Alliance Bancorp.'s (WAL) shares were up more than 3% Friday after the Phoenix company reported that its first-quarter income more than tripled from a year ago.

In what is probably the last night for bank collapses in 2011, regulators closed banks in Florida and Arizona, bringing the year's failure tally to 92.

Are disgruntled shareholders trying to seize control of the board Capitol Bancorp Ltd. or at least sack all the directors in one fell swoop?