FDIC: Two former AZ bank execs took on too much risk

Two former executives from Scottsdale-based First National Bank of Arizona, ex-CEO, Gary Dorris, and former director, Philip Lamb sacrificed "safety" and favored risky loans without proper underwriting, the Federal Deposit Insurance Corp. said in a lawsuit filed Aug. 23. The FDIC seeks to recover more than $193 milllion in damages resulting from … [Read more...]

FDIC: Two former AZ bank execs took on too much risk

Two former executives from Scottsdale-based First National Bank of Arizona, ex-CEO, Gary Dorris, and former director, Philip Lamb sacrificed "safety" and favored risky loans without proper underwriting, the Federal Deposit Insurance Corp. said in a lawsuit filed Aug. 23. The FDIC seeks to recover more than $193 milllion in damages resulting from … [Read more...]

Underwater Mortgage Rate in Arizona Second in Nation

Wisdom Day, 2nd October, 2011, Metropolitan Pavilion, New York, United States, 4th R Foundation Is Inviting One And All To Partner The Birth Of Wisdom Day On 2nd Of October (Gandhi's Birthday) In Order To Wake... [read more] … [Read more...]

Underwater Mortgage Rate in Arizona Second in Nation

NYSOR's Annual Winter Symposium, 17-18th December, 2011, Marriot Marquis Hotel Broadway , New York, United States, The NYSORA December Symposium is structured to offer a comprehensive update on the latest developments in regional anesthesia and... [read more] … [Read more...]

Arizona Bank ‘Sacrificed Safety’ in Home Loans, FDIC Says in Lawsuit

Ex-First National Bank of Arizona Chief Executive Officer Gary A. Dorris and former director Philip A. Lamb “sacrificed safety” and promoted risky nontraditional mortgage loans that ultimately caused the bank’s failure, the Federal Deposit Insurance Corp. said in a lawsuit. Dorris and Lamb were negligent in exercising their duties, given the … [Read more...]

Cole Real Estate Investments Acquires Petsmart Campus Headquarters in Phoenix …

Phoneix, AZ (PRWEB) August 24, 2011 Cole Real Estate Investments (Cole), one of the nation's leading investors in high-quality, income-producing retail, office and industrial real estate assets, announced it has acquired PetSmart, Inc.'s corporate headquarters campus in Phoenix, AZ, for $102.5 million. The announcement was made by Thomas W. … [Read more...]