Why Where You Bank Matters More Than You Think

Where your business banks isn’t just a financial decision — it shapes who gets access to capital in your community. Across Arizona, local businesses are often shut out of lending by the same institutions holding their deposits. Community banks and credit unions flip that model, reinvesting locally and building the relationships businesses need to grow. If you’re thinking about your next money move, building a relationship with a local banker now can open doors when it matters most.

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Move Your Money: How Your Banking Choices Can Fuel a Stronger Arizona

When you deposit your money in a bank, it doesn't just sit there — it goes to work. The question is, where is it working, and who is benefiting?

Financial empowerment is a key tenet of Local First Arizona’s work. From addressing the predatory lending practices of payday loans to improving access to capital, we are helping individuals, businesses and entire communities take control of their financial futures.  One of the easiest ways to create real impact? Moving your money to a local bank or credit union.

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Gov. Hobbs proclaims “Local First Arizona Day”!

Gov. Katie Hobbs declared Nov. 4 "Local First Arizona Day" in recognition of our 20 years of service to the state!

We’re honored and grateful to everyone who loves local. Come celebrate with us on Saturday!

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FDIC Report Shows Major Shifts in Arizona Bank Deposits

Late last month, the Federal Deposit Insurance Corporation (FDIC) released data showing that Arizonans have now deposited 11.5% of their money into local banks. This is a significant jump up from 3% in 2013 and 8.5% recorded in June of last year.

With only 13 banks headquartered in Arizona, the state has been called a “banking desert,” leaving eight counties with no community bank representation at all and small businesses with fewer borrowing options.

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