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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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Lawmakers: Changes needed on foreclosure bill (access required)

UPDATE - Sen. Steve Pierce told the Arizona Capitol Times that his foreclosure bill will have to be fixed, either in special session or next year when the Legislature begins the regular session. Pierce and stakeholders met this afternoon (July 28) to discuss changes to the legislation.

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