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Member Profile: Ability to Pledge Small Business Loans Helps Mesa Bank Grow Mesa BankMesa, Arizona Asset Size: $65 million Founded in October 1998, Mesa Bank is a relationship-driven, full-service community bank that offers an array of financial products and services to businesses and individuals. Mesa Bank prides itself on its personalized approach to serving its customers, as is avowed in its motto – High Touch, Higher Service. "We listen to our customers and try to understand their needs, rather than trying to mold them to fit our products," says David Fortune, Executive Vice President and Chief Credit Officer at Mesa Bank. "We get to know our customers, offer solutions, and they appreciate the fact that they meet directly with the decision-makers here at Mesa Bank." Mesa Bank joined the Federal Home Loan Bank of San Francisco as soon as it was eligible for membership. Mesa began by pledging commercial real estate loans as collateral for FHLBank advances. When the FHLBank began accepting small business loans as collateral from community financial institutions, Mesa Bank was one of the first members to express interest in the new pledging option. "We continue to grow, so it’s an advantage to be able to pledge our small business loans to obtain economical financing," says Mr. Fortune. "We can’t borrow against this part of our portfolio from anyone else." "The FHLBank’s flexibility is really an advantage to us as we continue to build our business," he adds. "In the future, we plan to use FHLBank advances to hedge interest rate risk." July 2004 Back to Member Profiles |
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