Pub. 3 2013 Issue 3

7 SUMMER 2013 De Rito Partners, Inc - ƌŝǌŽŶĂ͛Ɛ ůĂƌŐĞƐƚ ĨƵůůͲƐĞƌǀŝĐĞ ƌĞƚĂŝů ďƌŽŬĞƌĂŐĞ ŽƉĞƌĂƟŽŶ ǁŝƚŚ ϯϭ ƐĞĂƐŽŶĞĚ ďƌŽŬĞƌƐ ƐƉĞĐŝĂůŝǌŝŶŐ ŝŶ ƉƌŽƉĞƌƚǇ ůĞĂƐŝŶŐ͕ ƐĂůĞƐ͕ ĂŶĚ ƚĞŶĂŶƚ ƌĞƉƌĞƐĞŶƚĂƟŽŶ͘ De Rito Partners Development, Inc - ^ƉĞĐŝĂůŝǌŝŶŐ ŝŶ ĐƌĞĂƟŶŐ ĞǆƚƌĂŽƌĚŝŶĂƌǇ ƌĞƚĂŝů ĞŶǀŝƌŽŶŵĞŶƚƐ͘ tŝƚŚ ŵŽƌĞ ƚŚĂŶ ϱ͕ϬϬϬ͕ϬϬϬ ƐƋƵĂƌĞ ĨĞĞƚ ŽĨ ƌĞƚĂŝů ƉƌŽƉĞƌƚǇ ĐŽŵƉůĞƚĞĚ͕ ŽƵƌ ƌĞƚĂŝů ĚĞǀĞůŽƉŵĞŶƚ ƚĞĂŵ ŚĂƐ ĚĞůŝǀĞƌĞĚ ŽƵƚƐƚĂŶĚŝŶŐ ƌĞƐƵůƚƐ ĨŽƌ ƐŚŽƉƉĞƌƐ͕ ŵĞƌĐŚĂŶƚƐ͕ ĂŶĚ ŝŶǀĞƐƚŽƌƐ͘ De Rito Opportunity Investors, LLC - ^ƉĞĐŝĂůŝǌŝŶŐ ŝŶ ĂĐƋƵŝƐŝƟŽŶƐ ŽĨ ĚŝƐƚƌĞƐƐĞĚ ƉƌŽƉĞƌƟĞƐ ĂŶĚ ǀĂůƵĞͲĂĚĚĞĚ ƉƌŽƉĞƌƟĞƐ͘ /Ŷ ƚŚĞ ůĂƐƚ ϯϴ ŵŽŶƚŚƐ͕ ǁĞ ŚĂǀĞ ƉƵƌĐŚĂƐĞĚ ϯϮ ƌĞƚĂŝů ĂƐƐĞƚƐ ǁŝƚŚ ƉůĂŶƐ ƚŽ ƉƵƌĐŚĂƐĞ ϭϱ ŵŽƌĞ ƚŚŝƐ ǇĞĂƌ ŝŶ ƌŝǌŽŶĂ ĂŶĚ EĞǀĂĚĂ͘ De Rito Property Management, LLC - KīĞƌŝŶŐ ƉƌĞŵŝĞƌͲƋƵĂůŝƚǇ ƉƌŽƉĞƌƚǇ ŵĂŶĂŐĞŵĞŶƚ ƐĞƌǀŝĐĞƐ ĨŽƌ ƌĞƚĂŝů ƉƌŽƉĞƌƟĞƐ ŽĨ ĂŶǇ ƐŝǌĞ͘ ƵƌƌĞŶƚůǇ ŵĂŶĂŐŝŶŐ ϯϯ ƉƌŽƉĞƌƟĞƐ ƚŽƚĂůůŝŶŐ ŽǀĞƌ ϭ͘ϳ ŵŝůůŝŽŶ ƐƋƵĂƌĞ ĨĞĞƚ͘ VISIT US ON THEWEB De Rito Partners, Inc - ^ƚĂŶ ^ĂŶĐŚĞǌ De Rito Partners Development, Inc - ŚƵĐŬ ĂƌůŝƐĞ De Rito Opportunity Investors, LLC - /ǀĞƌ ŽǁĚĞŶ De Rito Property Management, LLC - Doug Himmelberger dŚĞ WĂǀŝůŝŽŶƐ ƚ dĂůŬŝŶŐ ^ƟĐŬ - DĂƩ DŽƌƌĞůů ǁǁǁ͘dŚĞWĂǀŝůŝŽŶƐ ƚdĂůŬŝŶŐ^ƟĐŬ͘ĐŽŵ ǁǁǁ͘ ĞZŝƚŽ͘ĐŽŵ 3200 E. Camelback Road, Suite 175 Phoenix, Arizona 85018 480-834-8500 Ăůů hƐ ƚ͗ AzBA Brings Regulatory Burden to Life for Rep. Kyrsten Sinema S ELDOM WILL YOU FIND A MEMBER OF CONGRESS SPEND ͳ ING HIS OR HER FEW DAYS OUT OF SESSION AT A COMMUNITY BANK. THAT’S JUST WHERE FRESHMAN U.S. REPRESENTATIVE KYRSTEN SINEMA SPENT WEDNESDAY afternoon. “It’s our job in Congress to strike the appropriate balance between a secure banking industry and adequate access to capital for families and small businesses,” said Sinema. “In order to fortify the banking community – a core component of Arizona’s economy – we must strengthen access to capital for middle class families as well as review the impacts of regula- tory burdens.” The Arizona Bankers Association brought Rep. Sinema to Arizona Bank & Trust in Phoenix on Wednesday. Bank President and CEO, Jerry Schwallier, said “This was a great opportunity to demonstrate to Arizona’s only banking com- mittee Member how the decisions made in Congress impact the people we serve in Arizona. I wish more public officials would take the time to do what Ms. Sinema did today.” Community bank presidents Gail Grace, Sunrise Bank; Mike Thorell, Pinnacle Bank; and Ed Zito, Alliance Bank, all attended the briefing along with Paul Hickman, CEO of the Arizona Bankers Association. Hickman commented, “The community banking industry in Arizona today is facing increased pressure on all fronts. Our association’s highest priority is to help both banks and entire communi- ties by acting as their liaison to the government.” The industry is working to grow the economy in the wake of the 2008 recession while also responding to the most comprehensive banking reform law of modern times. The Dodd Frank Wall Street Reform and Consumer Pro- tection Act of 2010 is 2,319 pages long. By comparison, the last major banking industry reform law – Gramm Leach Bliley – was 144 pages. The Dodd Frank Act directs 398 separate rulemakings, of which 148 have been finalized, 121 are in some form of promulgation and 129 have yet to be even proposed. Z