MWI Veterinary Supply beats expectations in quarter 
POSTED: Thursday, February 2, 2012 at 12:46 PM PTBY: Brad Carlson
Boise-based MWI Veterinary Supply Inc. reported net income of $13.2 million or $1.92 per share for its fiscal first quarter ended Dec. 31, up 21.9 percent from $10.8 million or 87 cents per share a year earlier. Revenue grew by 26.1 percent to $461.9 million, including an 11 percent gain in the United Kingdom.
Analysts on [...]
Equity fund looks to accelerate Idaho companies in the short term
POSTED: Wednesday, January 25, 2012 at 04:13 PM PTBY: Sean Olson
A new private equity fund in the Treasure Valley aims to bring middling manufacturing firms into profitability. But slow returns would likely mean the end of the business.
Jim McCune, 43 Private Equity Group president, said he is enlisting investors to fill out the fund, which would be capped at $5 million.
“We are looking for manufacturing [...]
SCOR: DIY for entrepreneurs
POSTED: Friday, January 13, 2012 at 04:00 PM PTBY: Sean Olson
Call it the Home Depot of going public. A little-used financing option in state law for start-ups and small expansions offers a way to take a company public without the rigmarole of an initial public offering.
Doug Joseph, owner of Locate Express in Boise, a smartphone application company linking customers to nearby professional services, wanted investors to help [...]
Mountain America Credit Union expands in Idaho
POSTED: Thursday, December 15, 2011 at 12:48 PM PTBY: Brad Carlson
West Jordan, Utah-based Mountain America Credit Union this month opened its first Idaho branch offices.
Mountain America opened Dec. 5 at 152 Bullock St. in Chubbuck. A week later, the credit union opened in Idaho Falls at 3202 S. 25th E., also called Hitt Road. Each branch employs about eight, plus a mortgage officer. The new offices [...]
First National Bank of Layton mortgage center adds staff
POSTED: Friday, December 9, 2011 at 12:58 PM PTBY: Brad Carlson
Tags: First National Bank of Layton
The First National Bank of Layton mortgage loan production center in Meridian is adding employees.
The office opened in April with a staff of 12. Thirty now work there, including six hired in the last six weeks, Production Manager Jeremy Swenson said.
Three likely will be added by year’s end, and headcount could reach 50 by the [...]
Syringa Bank parent extends stock offer
POSTED: Saturday, December 3, 2011 at 07:57 PM PTBY: Brad Carlson
Tags: Syringa Bank
Syringa Bancorp has extended its stock offering originally slated to conclude Sept. 15.
All parties agreed to extend the escrow closing date to Jan. 16 as they continue to work through a few issues, said CEO Scott Gibson, president and CEO of the community bank based in Boise. He would not elaborate, citing confidentiality of escrow [...]
Idaho credit union growth coincides with money-moving effort
POSTED: Wednesday, November 9, 2011 at 05:33 PM PTBY: Brad Iverson-Long
Idaho credit unions added an estimated 3,400 new members last month as the national Occupy movement, which has several supportive groups in Idaho, encouraged people to transfer their money from large banks.
Idaho Credit Union League President Alan Cameron said October was one of the best months ever for credit unions. “Some of our bigger credit [...]
Boise Cascade reports loss due to slow housing market
POSTED: Thursday, November 3, 2011 at 01:01 PM PTBY: Brad Iverson-Long
Boise Cascade Holdings reported a $3.7 million net loss in the third quarter of 2011, which is an improvement from a year ago for the privately held wood products and building materials company. The company lost $5.6 million in the third quarter of 2010. Sales this quarter were $627 million, up 6 percent compared to [...]
Boise Paper debt rating improves
POSTED: Monday, October 24, 2011 at 04:47 PM PTBY: Brad Carlson
Moody’s Investors Service on Oct. 21 boosted its rating of much of Boise Paper Holdings LLC’s debt. The ratings agency cited strong credit-protection fundamentals in the short term as well as the Boise company’s increased focus on the more stable packaging segment.
Boise Paper Holdings is the operating business of publicly traded Boise Inc. Moody’s upgraded [...]
Idaho’s rate of bank regulatory orders noted in study
POSTED: Wednesday, October 19, 2011 at 11:02 AM PTBY: Brad Carlson
Idaho banks rank well by one measure and not so well by another in a nationwide count of those under government compliance or consent orders. The orders require banks to improve their balance sheets.
SNL Financial found that as of Oct. 12, 1,042 U.S. banks and thrifts were operating under enforcement actions issued after the start [...]
