What is a 501(c)(3) organization and how can a nonprofit obtain that status? What bank accounts and financial tools and accounts do nonprofits need? And why do nonprofits need a board of directors and what goes into serving on one? With nonprofits playing such a vital role in our community and economy,  In this episode of Financial Cents, Melissa Steimer, CEO of the nonprofit Gabriel’s Angels, joins Pamela Keefe, vice president, nonprofit relationship manager, and Brent Cannon, executive vice president, director of community banking at National Bank of Arizona, to discuss the challenges f ..read more

How does fraud impact small businesses? What are the most common types of business fraud? And how can a business owner protect their business from fraud? With business fraud on the rise, it’s becoming not a matter of if a business will be impacted – but when. In this episode of Financial Cents, Katherine Cobb, senior vice president, manager of the Cybersecurity Operations Center at Zions Bancorporation, joins host Brent Cannon, executive vice president, director of community banking at National Bank of Arizona, to discuss the impact of business fraud, how the most common types of business fra ..read more

What’s the difference between a bank and a credit union? What are questions to ask a bank when deciding to open a new business account? Though deciding which bank is right for your business may feel overwhelming, it doesn’t have to be if you know what to look for and understand how a bank can help your business grow and thrive. In this episode of Financial Cents, Tom Kaupie, senior vice president and regional commercial manager, joins host Brent Cannon, executive vice president and director of community banking, to discuss the key differences between banks of different size, what a business ow ..read more

The Arizona agricultural industry is vital to the economy not only locally, but also worldwide. With Colorado River water shortage and rising concerns of climate change, how do we sustain this $23 billion industry that supports over 138,000 jobs? In this episode of Financial Cents, Brent Cannon sits down with two members of the National Bank of Arizona Agribusiness team, Matt Eyrich, senior vice president – regional commercial manager – agribusiness banking, and Carrie Morales, vice president – team lead – agribusiness banking, to discuss everything in the Arizona agriculture industry. Carrie ..read more

Being a business owner is hard. For some minority groups it’s even harder when getting access to capital has been a challenge. At National Bank of Arizona, we’re providing greater equity for women, minority, veteran, and LGBTQ business owners through our Small Business Diversity Banking Program. In this episode of Financial Cents, Brent Cannon, EVP and director of community banking, and Chris Sarver, VP and business banking team lead at National Bank of Arizona, speak with Carly Klein, founder and president of National Hair Loss Med Aesthetic, about business challenges for women, minority, ve ..read more

The current U.S. inflation rate is on the rise. What is causing inflation? How long will it last? How is this affecting the cost of living?  In this episode of Financial Cents, Brent Cannon and Anthony Valeri, director of investment management at Zions Bancorporation, discuss what causes inflation and answers questions about the current inflation, rising cost of living, and even how it affects your retirement. Financial Cents is hosted by Brent Cannon, executive vice president and director of community banking, and features insightful interviews and discussions with bankers at National ..read more

What does the upcoming interest rate increases by the Federal Reserve mean for the Arizona housing market? How is inflation impacting housing trends? What can we anticipate for residential real estate in the coming months and years as we continue to navigate through the economic impacts of the pandemic? And, perhaps most importantly of all, what does this mean for you? We’re kicking off our second season of Financial Cents by doing a deep dive on a topic that’s at the top of everyone’s mind: the real estate market. In this episode, special guest Greg Hague, founder of 72SOLD and Hague Partners ..read more

So, you’ve built and ran a successful family business, but now it’s time pass it along to the kids or another family member to let them take a crack at it. The question is: how did you get here, and what do you do now? As daunting as planning the eventual sale or transfer of your business may seem, especially when considering that 8 out of 10 businesses never sell, succession planning is something that you can start on day one. With the right planning, you can ensure you’ve got all your ducks in a row to maximize the liquidity in your business and the profit you’ll earn when the day comes to s ..read more

You’ve heard the old saying before: “Failing to plan is planning to fail.” And while that little phrase may make for a great motivational poster, developing a usable, practical plan can be a difficult and overwhelming process for small businesses and nonprofits who don’t always have the time or resources to plan strategically. That’s why we turned to Dr. Carol Poore, a strategic planning expert, in this episode of Financial Cents. As the president of Poore & Associates Strategic Planning and the author of “Strategic Impact: A Leader’s Three-Step Framework for the Customized Vital Strategi ..read more

What is a home equity line of credit (HELOC), and how does it work? Is a home equity line of credit the same as a home equity loan or a mortgage? How can I obtain a home equity line of credit*? And finally, what are the best ways to use a home equity line of credit? Though it all may sound confusing, a home equity line of credit is actually quite simple and it can be a powerful tool to have in your financial toolbox. In this episode of Financial Cents, Brent Cannon, executive vice president and director of community banking, sits down with Ana Ochoa, vice president and private banking relation ..read more