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PHILADELPHIA (AP) - The checks to Temple University really were in the mail for $5 million. It was a total surprise for the school to receive the anonymous donations, which arrived in a pair of nondescript envelopes sent via U.S. mail from a bank in Arizona, said Stuart Sullivan.. Temple is in Philadelphia and has about 35,000 students.
It was a total surprise for the school to receive the anonymous donations, which arrived in a pair of nondescript envelopes sent via U.S. mail from a bank in Arizona, said Temple's senior vice president for institutional advancement. One envelope contained a $1 million bank check for the university to use however it chooses, the other for $4M...
"I'm seeing it as largely the result of being in a rapid-growth state," said Tracy Clark, an economist with the JPMorgan Chase Economic Outlook Center at Arizona State University's W.P. Carey School of Business. "These types of activities are in demand for people who can't establish permanent relations with a bank."
The housing slowdown has claimed another victim in Scottsdale's 1st National Bank of Arizona, which is closing its retail mortgage lending activities and laying off 35 people in Arizona. The private bank will retain its focus on small-business customers and begin brokering mortgage applications from customers to other lenders
Community Bank of Arizona has hired Stephen R. Curley as director and president.