Bank Of Tucson – A Division Of Grandpoint Bank
Bank Of Tucson Has 2 Locations in Tucson AZ
Bank Of Tucson History
Bank of Tucson was founded in 1996. Bank of Tucson was independently operated until 2010. At that time it was acquired by Southern Arizona Community Bank. Grandpoint Capital was a majority shareholder of Southern Arizona Community Bank.
In 2013, Bank of Tucson was merged into Grandpoint Bank, owned by Grandpoint Capital.. Bank of Tucson retained its name and operates as a division of Grandpoint Bank in Tucson AZ.
Bank of Tucson met the fate of many small and locally owned banks in the mid 2000’s. As capital infusions were demanded by Federal regulators, many smaller banks merged with, or were acquired by, larger financial institutions. This was the case with Bank of Tucson.
Although now part of a larger financial entity, many of the former Bank Of Tucson staff remain in place. This should keep local community relationships as a top priority. Bank of Tucson strives to maintain its high level of personalized service in the Tucson AZ marketplace.
Bank of Tucson locations In Tucson AZ include:
4400 E Broadway Blvd
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Casas Adobes – Oracle and Ina Roads
6400 N. Oracle Rd
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Note – Grandpoint Bank, a wholly owned subsidiary of Grandpoint Capital, Inc., is headquartered in downtown Los Angeles, Calif.
Large Banks Vs Local/Community Banks
Big banks have pioneered innovative banking features that appeal to individuals interested in easy access almost anywhere in the world, lots of services and locations in most cities. But watch the fees to use them.
In contrast, community banks will have a lot fewer locations in each local, they offer more consumer-friendly services and generally fewer fees. If you are an online banking person, pay special attention to the internet banking system you could be utilizing.
While perhaps over generalized a comparison between Big and Local Banks tend to be:
Big banks offer:
- ATMs and branches all over the country provide easy access. Being out of town should not cause concerns.
- Faster and more user-friendly online experiences. From checking account balances to depositing a check. It can be done online.
- Branch follow standard policies and practices. The staff may not know you, but will handle your transactions the same way every time.
Local bank benefits:
- You are more than just a number to them so service is more personal and they value your business.
- Decisions are made with you and the community in mind. While they can’t avoid government regulations, they don’t have as many levels of approval big banks have.
- More power to negotiate when it comes to fees and loans. They won’t give the money away for free, but they value your business and are less likely to nickel and dime a person.
If you are moving to Tucson AZ and are interested in a local or community bank, take the time to weigh the pros and cons. You might also want to review the option of an Internet bank while you’re at it.
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