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Arizona’s banking desert: Could the state’s lack of home-grown banks hamper the growing economy?

16April 2021

banking desert hero2A100xx2700 2700 1050 0Arizona has just 12 banks headquartered in the state, far fewer other neighboring states. A new bank has not opened in Arizona since 2007, but three startup ‘de novo’ banks are plugging away behind the scenes in an attempt to open soon, the first of which may happen later this year.

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