As anticipated, Metro Phoenix Bank has completed their transition to Alerus. You will still see the company as an active supporter of Billboard Insider, now featuring an Alerus banner in our morning email blast.

Insider asked both Steve Haggard and Nick Gonzales for their thoughts regarding the transition of Metro Phoenix Bank to Alerus and the new market opportunities and growth for Outdoor Media/Billboard Lending.

The merger will only make our organization a better OOH lender as it provides our team with more resources to facilitate larger transactions, more transactions and deliver a full suite of other financial products and services that may be needed by our operators. This is a win for us and a win for the OOH industry as more capital instantly becomes available to the market. We will continue to deliver the same level of industry expertise that our customers have to come to expect from our team of dedicated professionals. – Steve Haggard, Alerus AZ Market President

 

We feel extremely confident in our new partnership, mainly because it’s the right fit of people, infrastructure, and vision for the future. Our appetite for the OOH industry will remain as bullish as it has in the past. The partnership gives us access to more capital to facilitate larger dollar deals, as well as the opportunity to grow with our existing clients. One of the main drivers in Alerus’ interest in this deal was our OOH program, so we have their full support behind us in increasing the footprint of our OOH lending vertical. The bottom line in what we think it means for the OOH industry is – We feel our new partnership will ultimately allow us to be a viable option for more operators around the country. – Nick Gonzales, Alerus Outdoor Media Lending Advisor

Insiders’ Take: Metro Phoenix has been a great supporter of the Out of Home mid-market.  We are fortunate that Alerus shares the same passion for the industry and look forward to their addition to OOH lending.

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