Blog Archives

Supporting our Community with Some Green…Golf Greens, That Is!

Golf-Des1Over the last couple of months, we were honored to participate in two golf tournaments that raised money to support good causes in our Phoenix community and throughout our state.

The Arizona Bar Foundation’s Drive Fore Justice Golf Tournament happened on May 20th at the Moon Valley Country Club. Our bank’s Rich Endicott and Doug Metzger as well as two of our clients, Court Rich and Bill Harter, golfed alongside nearly 100 judges and lawyers in the Bar Foundation’s third annual golf tournament to support the Foundation’s mission of “promoting access to justice for all Arizonans.” We also contributed by sponsoring one of the tournament holes.

The Bar Foundation’s many programs include:

  • Modest Means Project – in partnership with the State Bar of Arizona, providing a low-cost, one-hour meeting with an attorney for people who don’t qualify for free legal service but cannot afford full-price rates.
  • Military/Veteran’s Legal Assistance Project – in partnership with the State Bar of Arizona and with support from the Arizona Supreme Court, providing legal assistance to active military and veterans.
  • Online Pro Bono Project –legal services provided by answering questions over legal help websites org, lawforseniors.org and azlawhelp.org.
  • Wills For Heroes Arizona – in partnership with the State Bar of Arizona and in affiliation with the Wills For Heroes Foundation, providing free estate planning legal services to Arizona’s first responder personnel.
  • Law-Related Education Programs – various opportunities to teach children in grades K- 12 about the law.

This foundation does important work to bring legal rights to all Arizona citizens and offer plenty of volunteer opportunities.  Check out the Arizona Foundation for Legal Services & Education website to learn more.

In late April, we also took part in the Arizona Petroleum Marketers Association Foundation’s (APMA) 2017 Scholarship Golf Tournament at McCormick Ranch Golf Club. Since 2007, the Foundation, for one of the largest trade associations of its kind, has awarded over 60 scholarships, valued at over $300,000. Scholarships are awarded to APMA member companies’ employees and their children. According to their website, “In 2016, nine students received scholarships with a total value of $44,000….”

The Foundation has a long track record of commitment to education and support for members’ families. According to the APMA website, its members “supply billions of gallons of fuel and tons of related products annually to Arizonans. These businesses provide fuel and lubricants to the vast majority of commercial end users, including farmers, construction firms, and local and state governments.”

The Biltmore Bank of Arizona works with many local energy companies, providing a full array of banking services, and is proud to support this important part of the Arizona economy.

We had a great time lending our support by golfing, as well! Our bank’s Rich Endicott, Todd Leveen and Doug Metzger, as well as our client Bill Harter, made up our fabulous foursome at the scholarship tournament, and Biltmore sponsored one of the tournament holes as well. Biltmore banker Desirae Outcalt was also on hand to lend her support.

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Caljet – A Leader in Phoenix’s Vibrant Energy Sector

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(l to r) Bill Aust, The Biltmore Bank of Arizona, Dave Alexander, Caljet LLC, Rich Endicott, the Biltmore Bank of Arizona

One of the most exciting aspects of being a banker is getting to know and learn about a wide variety of industries and businesses. Ever wondered what it takes to create an enormous petroleum storage tank? Through our work with Caljet, we’re able to share this fascinating time-lapse video with you of their work to construct a very large tank.

Caljet is one of the dominant fuel terminal companies in Arizona, with $50 million in annual revenues, over 1,100,000 barrels of tankage and state-of-the-art loading and blending capabilities. The company provides storage space to petroleum companies for their products. Refined products and biofuels are brought in through a series of pipelines, rail cars and trucks to a large tank operation in west Phoenix. Tanker trucks fill up daily at Caljet’s facilities, and then go on to distribute fuel throughout Arizona.

Caljet was founded in 1982 by Managing Member Dave Alexander, who started the business with a $1,000 credit card loan. When The Biltmore Bank of Arizona opened in 2003, Dave approached recently retired Senior Relationship Manager Bill Aust for a loan to construct a new petroleum storage tank that would enable him to expand the scope of his operations. Not only was Dave Biltmore’s first customer — he was also the bank’s first customer in the petroleum industry.

As a veteran relationship manager, Bill took the time to learn about many of the complexities Dave faced, so that he could provide the banking services to meet Caljet’s needs. As part of this process, Dave introduced Bill to the Arizona Petroleum Marketers Association (APMA). For the last nine years, both Dave and Bill served on the APMA and APMA Scholarship Foundation Boards of Directors, and both men received awards from the APMA for their work. Over the years, Dave and Bill developed a close, personal friendship.

The company’s growth over the years has been no small achievement. Caljet began with tankage space of 135,000 barrels, and the enterprise now operates from an expanded facility that supports in excess of 46 million gallons of storage, servicing 30 percent of the fuel needs in Arizona.

Since forming our relationship with Caljet and through Bill’s involvement in the APMA, we have been fortunate to work with dozens of clients in the fuel industry and offer a sophisticated level of understanding for their unique businesses.

We have applied this specialized market strategy to a number of different industry niches, such as solar and self-storage. As the Biltmore team continues to develop expertise in these specialty markets, we are retaining our focus on serving our core commercial and industrial clients through the financing of owner-occupied real estate, commercial investment real estate, and manufacturing and distribution operating companies in the greater Maricopa County area of Arizona.

Congratulations to the Caljet team on their continued growth and success. We appreciate the opportunity to learn so much about their industry, as well as others. At Biltmore Bank, we find great fulfillment in spending time with our clients to understand their goals and then open doors to help them achieve these goals.

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