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Tag Archives: Arizona Department of Financial Institutions

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Rotellini coming back for another run at AG (access required)

Rotellini coming back for another run at AG <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/12/lock1.png" border=0/></span>

Democrat Felecia Rotellini, who narrowly lost the attorney general’s race in 2010, is coming back for another run at the job, setting up a potential rematch with Tom Horne.

Rotellini filed a campaign committee to run for attorney general in 2014 Monday. In 2010, she lost by 3.8 percentage points to Horne, making her the most successful statewide Democratic candidate in a banner Republican year that saw every other statewide Democrat lose by double digits.

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CEO of failed bank named financial institutions chief

The former CEO of a failed bank that went into receivership with federal officials in December will be Arizona's next top banking regulator.

Gov. Jan Brewer on April 6 named Valley Capital Bank CEO Lauren Kingry as the next superintendent of the Arizona Department of Financial Institutions.

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Financial Institutions agency seeks self-funding (access required)

The demands placed on the Arizona Department of Financial Institutions grew rapidly with the state's booming housing market, and haven't abated much with the subsequent bust. What's more, the state's crippling budget crisis has stripped the department of some of its resources at a time when it needs them most.

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Are struggling community banks prepared for a new threat? (access required)

Most community banks in Arizona are losing money, lending is down, and a veteran banker concedes that every day is a challenge. It was a little too challenging for two Arizona banks, which were closed by state and federal regulators Aug. 14. A third bank is operating under federal orders to improve what were found to be “unsafe and unsound banking practices.”

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