News & Insights

From S&P Global

Arizona gained another bank in organization this month as the Copper State continues to wait for its first established de novo bank in 14 years. Phoenix-based Integro Bank adds to the handful of Arizona-based de novo banks in organization and is the second de novo to apply for deposit insurance in 2021, after Gainey Business Bank.

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From the Phoenix Business Journal

Another Arizona group has recently set out to do something that has proven difficult in recent years: Open a new bank. On June 15, Integro Bank filed its charter application with the Federal Deposit Insurance Corporation in hopes of becoming the first new bank to open in the state since 2007.

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From Troutman Pepper

There has been recent turmoil in the U.S. stock markets over the past few weeks as the country starts to take steps toward reopening as a result of the pandemic.  

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From the Phoenix Business Journal

A group of Arizonans recently announced plans to create a new bank in Phoenix called Integro Bancorp (in organization). The organizers posted an announcement on Linkedin earlier this month listing the business bank's 21-person founding team and members of its would-be executive team.

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