FirstBank Continues Arizona Expansion with New Sun City West Branch; Achieves Loan Originations Milestone

Bank Reaches $750 million in Arizona Loan Originations, Opens 15th Location

PHOENIX--()--FirstBank Holding Company, the Colorado-based holding company for FirstBank, which has been operating in Arizona since 2007, today announced a new location at 19309 N. R. H. Johnson Blvd. in Sun City West. This 4,500-square-foot location marks the company’s 15th branch in Arizona and also pushes FirstBank over 100 employees within the state of Arizona.

“Since we entered the market more than seven years ago, FirstBank has been able to provide Arizona banking customers with a trusted banking relationship, and we look forward to continuing to do so at our new branch location.”

Kevin Classen is the West Valley Market President and will oversee the new branch. FirstBank hired several local employees as well as relocated current employees to staff the branch.

“FirstBank’s continued growth with the new Sun City West location marks a major milestone in our commitment to the Arizona market,” said Kevin Classen, FirstBank Market President of the West Valley. “Since we entered the market more than seven years ago, FirstBank has been able to provide Arizona banking customers with a trusted banking relationship, and we look forward to continuing to do so at our new branch location.”

Sun City West Branch

The new location will offer a full range of checking and savings accounts, including free business and personal checking and FirstBank’s eSave account package, which automatically transfers 1 cent up to $99.99 to customers’ savings account each time they use a debit card, pay a bill electronically or transfer funds. As part of the opening, the branch will give away a brand-new golf cart and customers who receive FirstBank’s “treasure chest key” mailer or visit the new branch from Oct. 29 through Dec. 29, 2014, will be entered to win one of three cash prizes, including a grand prize of $1,500. Customers that open a new Premier Checking Account at the new location will be automatically entered for a chance to win the new golf cart. The promotion starts on October 29th and ends on January 15, 2015.

The new branch will be open from 9 a.m. to 6 p.m. Monday through Friday, and 9 a.m. to noon on Saturdays. FirstBank customers will also have the benefit of full-service drive-up banking, a 24-hour drive-up ATM, telephone banking and Free Internet Banking with eStatements at www.efirstbank.com.

Arizona Loan Growth

In addition to the Sun City West grand opening, FirstBank is also celebrating several recent milestones and major loan investments. Since opening its first Arizona location in 2007, FirstBank has provided area residents and businesses with 2,025 loans worth more than $750 million. FirstBank has also uniquely positioned itself in the market, becoming the area’s leader in lending and banking to foreign Canadian investors. Over the past several years, FirstBank has developed Canadian loan programs totaling more than $45 million in loans to Canadian citizens and companies investing in the area.

Among FirstBank’s major recent projects include several new construction loans for new apartment developments. With the recent boom in multi-family housing throughout the Phoenix area, FirstBank has approved nearly $70 million in loans in 2014 to help in the construction of more than 750 new apartment units to market.

“FirstBank has been a true partner throughout this project,” said Rick Huffman, Chief Executive Officer, HCW, LLC. “The growth throughout Phoenix has been exciting to watch and we are proud to play a major part in the city’s continued expansion.”

FirstBank is highly active with local communities where its employees live and work. The company donated more than $5 million to nonprofits in Arizona, California and Colorado last year and was the main sponsor of the inaugural Arizona Gives Day, a 24-hour online giving initiative aimed at increasing individual giving throughout the state, which raised more than $1 million for Arizona non-profits. Additionally, FirstBank recently announced a $20,000 donation to the Arizona Leadership Foundation, providing scholarships for students to attend private schools throughout the state.

About FirstBank

FirstBank operates more than 115 locations in Colorado, Arizona and California. FirstBank is the largest locally owned banking organization in Colorado, serving more than 650,000 customers.

Since 2000, FirstBank has contributed more than $45 million and thousands of volunteer hours to charitable organizations. FirstBank is unique in that a majority of its stock is owned by management and employees. For more information, go to www.efirstbank.com.

Contacts

FirstBank
Brian Jensen, 303-235-1400
Brian.Jensen@efirstbank.com
or
Linhart Public Relations
Geoff Renstrom, 303-951-2564
grenstrom@linhartpr.com