Strategy
National Bank of Arizona Moves Into Private Banking
National Bank of Arizona is to launch a private banking division as it moves to diversify its service offering to the Pheonix market.
In establishing its private bank NBAZ will integrate personal banking services with its existing investment management division - formerly known as Contango Capital Advisors. Contango, meanwhile, has been rebranded as NBAZ Wealth Management.
NBAZ is keen to emphasise the range of services the private bank will provide, particularly with regards the development of philanthropic strategies for clients.
With around $4.8 billion in assets under management, NBAZ is currently Arizona’s fourth-largest bank.
