INTERSTATE BANK DEVELOPERS, INC.

The Power of Banks

Power of Banks

&

 Power of Politics!

Over the past 4 decades I have hammered away about the power of banks and the power of politics.

I first came to the conclusion during my political service that banks rule the world.  That feeling has been reinforced over the years while being in the business of helping create banks.

While in the Arizona State Senate, I assumed that banks, mines, utility companies, oil and gas industries, pharmaceuticals, insurance companies, farmers and newspaper publishers ran our state.  This assumption starting in 1968 was partially correct. 

As Arizona State Treasurer I found that those industries are important, but I learned that banks “pull the strings”. 

While serving on the Arizona Corporation Commission, access to articles of incorporation underscored my assumption of control by banks through corporate interlocking interrelationships. 

Ongoing research has reinforced my belief that banks rule the world..
 See how Banks treat American lawmakers!  See information on political lending.

'Good to Be King': The Very Good Loans Key Lawmakers Get from Wall Street Banks
http://www.commondreams.org/news/2016/08/19/good-be-king-very-good-loans-key-lawmakers-get-wall-street-banks

https://www.ineteconomics.org/uploads/papers/WP_47_Tahoun.pdf

http://www.banking.senate.gov/public/index.cfm/home

http://www.banking.senate.gov/public/index.cfm/membership

To see treacherous abuse at its peak, look at the following press release of June 18, 2016 and the report about banks funding munitions of our enemies.

http://www.indcatholicnews.com/news.php?viewStory=30326

On the other hand, community banks as a group have an inordinate amount of influence in America with small businesses, Congress and regulators.  Why?  Cold, hard facts are the reason!

A quarterly report by the Federal Deposit Insurance Corporation says:

More than 90 percent of FDIC-insured institutions operate as community banks, a share that has steadily increased since the mid-1980s.
At year-end 2012, community banks held just 14 percent of banking industry assets, but held 46 percent of the industry’s small loans to farms and busi­nesses.

As reported in the Phoenix Business Journal, August 1, 2014:
90% of all U.S. businesses are family-owned,
50% is the amount of U.S. gross domestic product attributed to family-owned businesses, 

119 million workers are employed by family-owned businesses in the U.S.
Economies of scale permit community banks to service the majority of small businesses in ways that large banks cannot!

Regardless of what you hear in the media, a key finding of the study is, “Institutions with assets between $100 million and $10 billion – most of which can be considered community banks – have increased in both number and in total assets since 1985. The number of banks with assets between $100 million and $1 billion increased by 7 percent between 1985 and 2013, while the number of banks with assets between $1 billion and $10 billion increased by 5 percent. These groups of institutions also experienced growth in terms of total assets.”

Western Alliance, also known as Alliance Bank of Arizona, was founded in February 3, 2003.  The Bank reported $24,561,000 in deposits for the first quarterly report they filed with the Federal Deposit Insurance Corporation in March 31, 2003. They have now reached $14.2 billion in deposits.

I wrote Ed Zito, my long-time friend and former president of the bank, “Great article about you today in the Phoenix Business Journal!  You grew by another billion dollars this quarter.  As U.S. Senator Everett Dirksen was noted as saying, "A billion here, a billion there, pretty soon, you're talking real money.”

Take a look at Gateway Commercial Bank, a bank my team helped start on the edge of Gilbert/Mesa in December 2007 with $12,500,000 in capital.  We used our usual way of inviting highly qualified business people to join the board while in formation.  See the results: 

Your 5-Star Community Bank
https://gcbaz.com/news-and-resources/your-5-star-community-bank/.

BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm congratulates Gateway Commercial Bank, Mesa, Arizona for ringing in 2017 with its highest 5-star Superior rating. Gateway Commercial Bank is no newcomer to Bauer’s 5-Star Rating. In fact, Gateway Commercial Bank has earned this top honor for 26 consecutive quarters.



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