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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Coldwater Creek warns of wider losses
POSTED: Tuesday, October 18, 2011 at 01:13 PM PTBY: Brad Carlson
Coldwater Creek Inc. on Oct. 17 warned it will post wider losses than anticipated in current and upcoming quarters. The Sandpoint-based retailer of women’s clothing and accessories has struggled recently and is overhauling its merchandising approach. The Sandpoint-based retailer of women’s clothing and accessories has struggled recently and is overhauling its merchandising approach. The company announced it [...]
Small business group, health insurers disagree on new health exchange board
POSTED: Wednesday, October 12, 2011 at 03:46 PM PTBY: Brad Iverson-Long
An Idaho small business group is raising concerns that the state’s three large insurance companies could have too large a hand in how Idaho creates a new health insurance exchange. The exchange, part of the 2010 federal health care reform, is intended to help small businesses and individuals compare and pick insurance plans, much like [...]
Defaults drop in September
POSTED: Wednesday, October 12, 2011 at 09:49 AM PTBY: Brad Carlson
Home mortgage default filings fell 40 percent in Ada and Canyon counties combined in September, after jumping by a third a month earlier. Idaho Data Providers reported Ada County defaults fell 54 percent, from 342 in August to 156 in September. The one-month decline was the largest this year, company President Charlie Nate said. Ada [...]
