Pima Federal Credit Union has acquired Republic Bank of Arizona from RBAZ Bancorp, Inc., solidifying its position in the Arizona banking sector.

Overview of the Target

RBAZ Bancorp, Inc. (OTCPK: RBAZ), the parent company of Republic Bank of Arizona, has finalized the acquisition of its assets and liabilities by Pima Federal Credit Union as of May 2, 2025. Republic Bank, based in the Phoenix metropolitan area, reported total assets of $284 million as of March 31, 2025, and operated three full-service branches at the time of the transaction. This acquisition marks a significant shift in the landscape of banking services in the region.

Industry Overview in Arizona

The banking industry in Arizona has been experiencing dynamic changes, driven by competitive innovations and evolving consumer demands. Credit unions have increasingly gained prominence in this market, offering lower interest rates and reduced fees compared to traditional banks. The banking environment is characterized by regulatory scrutiny aimed at ensuring consumer protection and maintaining systemic stability, especially in light of recent economic fluctuations.

In the Phoenix area, the influx of technology-driven financial services has transformed how residents interact with their banking institutions. Mobile banking and online financial solutions have seen considerabl