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Local Congressman hears from businesses hammered by COVID

Congressman Tom O’Halleran heard feedback from businesses as he took a tour of Oro valley on the afternoon of Monday, April 5. O’Halleran (D-AZ01) met with Oro Valley businesses, who received funds through the Paycheck Protection Plan and other funding through the CARES Act. The meeting, organized by the Oro Valley Chamber of Commerce, included six small business owners, Oro Valley Mayor Joe Winfield, and other members of Oro Valley council.  O’Halleran wanted to hear from businesses as well as inform them of the $1.9 trillion American Rescue Plan Act, recently passed by Congress and signed by President Joe Biden on March 11. 

Arts Bloom Again: SAACA s Spring Art Sale Returns With Reduced Capacity | Arts: Feature

Arts Bloom Again: SAACA s Spring Art Sale Returns With Reduced Capacity | Arts: Feature
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Tucson housing market continues boom; Oracle Road work on horizon

“We’re in Southern Arizona and the real estate market is hot,” Rogers said. The median price on homes has increased, while their average days on the market have decreased.  The average price on homes is $70,000 higher than last year, said Rogers, while it takes less than a month to sell a home after placing it on the market.  Rogers said that while low interest rates and Tucson’s warm climate in comparison to other places around the nation have contributed to the hot housing market, the most striking element is low inventory. “When you don’t have inventory there’s not much you can do,” Rogers said.

CBOA Financial, Inc Reports Consolidated Earnings of $1,522,000 in 4Q 2020

Share this article Share this article TUCSON, Ariz., Feb. 11, 2021 /PRNewswire/  CBOA Financial, Inc. (OTCMKTS:CBOF) (the Company ), parent company of Commerce Bank of Arizona (the Bank or CBAZ ), announced that consolidated after tax net income for quarter ending December 31, 2020 increased 373% to $1,522,000, from $457,000 in the third quarter of 2020. Chris Webster, Bank President and Chief Executive Officer said The economic and operating challenges of 2020 were unprecedented. I am extremely proud of our team and how we were able to maintain our exceptional customer service performance standards. Webster added, Our financial metrics for the year were excellent. The Bank generated strong loan and deposit growth, Net Interest Margin and bottom line Net Income. And, we were able to re-align key non-interest costs which will benefit the Bank in the years to come.

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