June 29, 2022

Wallis Bank opens loan origination office in Arizona

HOUSTON, June 01, 2022 (GLOBE NEWSWIRE) — Wallis Bank recently opened a Loan Origination Office (LPO) in the Phoenix metro area. The LPO is located at 60 E Rio Salado Pkwy, Suite 900, Tempe, AZ. This is the Bank’s first location in the metropolitan area.

Asif Dakri, Managing Director, said, “We are thrilled to open our first loan origination office in Arizona. We have an excellent regional chairman, Ketan Patel, who has worked in banking for over 20 years. We see Phoenix as a dynamic, fast-paced, growing city that has a very bright future ahead of it. At Wallis Bank, we are excited to be part of the growth for many years to come.

“I’m excited to start with Wallis Bank, to help meet the needs of our customers and enable their growth and success,” Patel said. “We want to build meaningful relationships while meeting our clients’ needs and the Bank’s objectives.”

Wallis Bank is a full-service community bank, specializing in serving small and medium-sized businesses. The Bank is an SBA Preferred Lender and has been ranked among the SBA’s Top 50 Lenders nationwide. In addition to SBA loans, Wallis Bank offers conventional loans for acquisition, construction/development, business expansion and working capital lines of credit. Other accolades for the Bank include being included in the “Best of the Best” list of independent bankers and the No. 1 bank in the CB Top Ten™ Report during the first quarter of 2022 in the Sub-S peer group: 1 to 5 billion dollars.

The expansion into Arizona aligns with the Bank’s growth strategy and improved customer experience over the past few years. Currently, Wallis Bank has full-service branches located in Texas, California, and Georgia. For more information about Wallis Bank, visit www.wallisbank.com.

About Wallis Bank

Wallis Bank is a full-service community bank dedicated to serving small rural customers to large international customers with the highest level of personalized service. The Bank was established in 1906 in Wallis, Texas, and has the unique experience of surviving the Great Depression, two World Wars and the Great Recession. Over the years, the company has seen the expansion of additional branches and offices in Houston, Dallas, San Antonio, Los Angeles and Atlanta. The Bank continues to expand its offering of digital products and services with an improved customer experience. In 2021, Wallis Bank was recognized as a Top Lender by Independent Community Bankers of America and has consistently been recognized on their annual Best of the Best list as the top performing community bank.

About CB Resource, Inc.

CB Resource, Inc. is a risk management and planning firm committed to serving community banks and their industry. The company demonstrates its commitment by delivering actionable insights that support better performance and risk-based decisions. CB Resource, Inc. supports its clients with hands-on service and subject matter expertise, all efficiently delivered through its fully integrated platform.

Lisa Diaz

Phone: 713.935.3722

Email: [email protected]

www.wallisbank.com

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