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IBC issues $4 million in Trust Preferred Securities (access required)

IBR STAFF REPORTIdaho Bancorp, parent of Idaho Banking Co., said subsidiary Idaho Bancorp Statutory Trust I completed a private placement offering of $4 million of 30-year Trust Preferred Securities.Boise-based Idaho Bancorp will use $3.5 million for future growth and expansion of Idaho Banking Co., possibly to Canyon County.The securities pay a 6.32 percent fixed rate ...

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