FTC briefs U.S. Senate committee on credit reporting accuracy 
POSTED: Thursday, May 23, 2013 at 04:25 PM PTBY: Pat Murphy
Errors in credit reports can cause businesses to deny credit to potentially valuable customers, a director of the Federal Trade Commission warned a U.S. Senate subcommittee earlier this month. “The Commission recognizes the importance of accurate and complete credit reports, both to businesses that use them to make decisions and to the consumers who are [...]
Investment bank to open capital to mid-sized companies
POSTED: Friday, May 17, 2013 at 02:55 PM PTBY: Brad Iverson-Long
Tags: Bill Gilbert, capital, Headwaters MB, Idaho Department of Commerce, investment banking, Jeff Sayer, Jerry Sturgill, Joseki Capital, private equity, Stan Leopard, The Caprock Group
Headwaters MB, a merchant bank based in Denver, has opened a Boise office. Managing director Jerry Sturgill hopes the new office can help mid-sized companies looking for capital or help with mergers and acquisitions. The bank, which has its own private equity fund and offers investment banking services, is a new resource for capital, which [...]
Smoky Mountain Pizzeria Grill president wins top Idaho SBA honors
POSTED: Wednesday, May 15, 2013 at 12:01 PM PTBY: Sean Olson
Dan Todd, president of Smoky Mountain Pizzeria Grill, has won the Small Business Administration’s Idaho Small Business Person of the Year award. Todd received the award after Smoky Mountain continued to expand even during the recession, adding new employees and raising revenues. It didn’t expand the number of its locations in Idaho and Utah. Larry [...]
Chase adds business banking staff
POSTED: Monday, May 13, 2013 at 01:24 PM PTBY: Brad Iverson-Long
Chase Bank has hired two relationship managers from other local banks in its business banking division in Idaho as part of an effort to increase services for mid-sized companies. Tammy Chavez is a former vice president in business banking with KeyBank, where she worked since 2011. Stacey Alexander was an assistant relationship manager at Northwest [...]
Bill would ease regulatory burden on community banks
POSTED: Tuesday, May 7, 2013 at 01:22 PM PTBY: IBR Staff
The U.S. House of Representatives is considering a bill that would roll back provisions of the Dodd-Frank financial reform act and give community banks greater ease in raising capital and issuing mortgages. The legislation comes as federal regulators are finally getting around to writing the rules that will enforce Dodd-Frank, which became law three years [...]
MWI posts higher profits, revenues
POSTED: Thursday, May 2, 2013 at 10:49 AM PTBY: Brad Iverson-Long
Profits and revenues at MWI Veterinary Supply both increased by more than 10 percent in the first quarter of 2013, the Boise-based company reported May 2. The company reported $15.1 million in net income from January to March, up 14.6 percent from the same time span in 2012, with total revenues up 11 percent to [...]
A word with Kevin Learned: ‘The more capital you have, the more people will see uses for it’
POSTED: Monday, April 29, 2013 at 08:00 AM PTBY: Brad Iverson-Long
Kevin Learned left the Idaho Small Business Development Center to become director of Boise State University’s Venture College program, which starts this fall. Learned co-founded Learned-Mahn, a computer software company that was sold in 1994. He was an associate professor and associate dean at Boise State before serving as president of Albertson College of [...]
U.S. Bank has luxury of two Idaho leaders for now
POSTED: Thursday, April 18, 2013 at 11:44 AM PTBY: Brad Iverson-Long
Two months into his job as community regional president for U.S. Bank, Joel Hickman said he’s embraced the culture of the new bank and appreciates the help of the incumbent. Hickman, the former Idaho district president for Key Bank, joined U.S. Bank in February as the bank announced community regional president Tony Olbrich would retire [...]
Credit unions seek change to rules on capital
POSTED: Friday, April 12, 2013 at 09:09 AM PTBY: Claude Solnik
Having successfully lobbied for expanded membership and commercial lending, the credit union industry is heading back to Congress to try to win new rights to raise capital, including taking on debt. The move comes as some of the nation’s fastest-growing credit unions seek to boost lending limits, which are regulated based on retained earnings as [...]
Idaho foreclosures keep dropping
POSTED: Thursday, April 11, 2013 at 09:00 AM PTBY: Brad Iverson-Long
The number of Idaho homes with foreclosure filings in March dropped by 8 percent from February, continuing a steady decrease. Idaho now ranks 21st in the country in foreclosure activity, with one out of every 1,203 houses undergoing some form of activity, according to RealtyTrac, a real estate data company. For the entire first quarter [...]
