Recognition acknowledges how local banks contribute to Scottsdale’s economic, community growth
In a move recognizing the critical role local banks play in strengthening economies and communities, Scottsdale Mayor Lisa Borosky issued an official proclamation declaring Aug. 1 “Local Banking Day” in the city.
Scottsdale Community Bank is among those celebrating the move that encourages residents, business owners and community organizations to bank closer to home to spur city growth, support local small businesses and nonprofits, and, ultimately, create a stronger, more resilient and more sustainable Scottsdale.
The proclamation details the many economic and social advantages that come with banking at the local level, including more personalized service, easier access to bank executives who live within the areas they serve, and, in many cases, fee-free accounts and more competitive interest rates on loans.
“Local banks understand the city and the needs of its residents, businesses and nonprofits in ways national banks simply can’t,” said Mayor Lisa Borowsky, of the sentiment behind the proclamation.
“They know our neighborhoods and businesses, they know our city’s challenges and successes, and they know how to use this knowledge to drive growth, stability and long-term success for everyone who calls Scottsdale home.”
As the first locally owned and operated bank to open in the city in 14 years, Scottsdale Community Bank welcomed this declaration, noting that it serves as an important and timely reminder of how local banks help strengthen Scottsdale’s economic status and foundation.
“When you bank at the local level, you get a financial partner with cutting-edge technology,” said Scottsdale Community Bank President & CEO Neill LeCorgne. “In our
case, you also gain direct access to key executives and decision-makers, making it easy to connect with people who have a vested interest in seeing our city succeed. We’re especially grateful to Mayor Borosky for her leadership on this issue, and for her continued support of small businesses.”
Mayor Borosky’s proclamation also highlights how banking locally builds trust among citizens, creates more opportunities for residents and strengthens the stability of Scottsdale’s economy. The city will now recognize Local Banking Day annually Aug. 1, acknowledging the benefits and perks associated with keeping money within the community for years to come.
For more about Scottsdale Community Bank, visit ScottsdaleCommunityBank.com.