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Releases: S1 IT Solutions, Boise State, IACI, Farmers National Bank

S1 IT Solutions introduces new comprehensive storage services

S1 IT Solutions, a leading technology provider, has announced the introduction of a new line of comprehensive Storage Services designed to help businesses create a more dynamic infrastructure. The new services were co-developed with clients and are available immediately.
“S1 IT Solutions is pleased to launch five new, essential Storage Services specifically designed to help our customers implement more powerful, intelligent and secure data storage environments,” said John F. Lyons, President of S1. “Across multiple industries, storage is growing very rapidly, businesses need a more comprehensive approach to effectively manage this phenomenon.”
S1 IT Solutions is an authorized IBM, Cisco, Microsoft and EMC solution provider that helps enterprises, government and mid-sized businesses implement data technology solutions that connect people and information across virtually any time and space. As a consultative solutions-focused company, S1 offers one source for seamless, high-value technology and services – providing expertise in planning, design and implementation, as well as ongoing technical support.

BSU/IACI partnership on economic education to be announced

The Idaho Council on Economic Education (ICEE) at Boise State University and the Idaho Association of Commerce and Industry (IACI) will hold a joint press conference at 11 a.m. Thursday, Dec. 2, to sign a new partnership agreement designed to better prepare Idaho high school and college students to compete educationally and prepare to live and work in a competitive global economy.
The press conference will be held in Boise State’s Student Union Building just outside the Jordan Ballroom where, at the same time, 450 Idaho high school students will be engaged in a fast-paced, competitive, loud and occasionally chaotic one-day simulation of the world economy – the International Economic Summit.
Idaho Lt. Gov. Brad Little will speak at the press conference on the critical need for increased economic education in Idaho. The International Economic Summit program originated in Idaho more than 10 years ago and is now recognized nationally and internationally as one of the best educational programs for preparing students for the global economy.
Through the partnership, ICEE will provide teacher training workshops and student activities such as the Stock Market Game, the Classroom Mini Economy and the International Economic Summit Program to schools throughout the state. ICEE members include educational experts from Boise State, University of Idaho, Idaho State University, College of Southern Idaho, Northwest Nazarene University and Brigham Young University.
The partnership also will involve 301 of Idaho’s top companies and financial institutions that will provide leadership, volunteer support and funding to increase economic education in Idaho schools. IACI members include Micron, Hewlett-Packard, Simplot, Premier Technology, Melaleuca and numerous other companies that compete globally on a daily basis to survive and grow.

Farmers National Bank announces current earnings

Farmers National Bank announces current 2010 earnings. Bank capital continues to improve and totaled $47.1million dollars at the end of the third quarter, a 4.5% increase from the previous year. Farmers’ risk based capital ratio increased from 15.1% to 17.0% in the past year and significantly exceeds the minimum regulatory capital requirement of 10.0% for “well capitalized” banks.
The Bank reported earnings through September 2010 of $762,000, up substantially from the same nine month period last year. “The bank is providing a $10.3 million dollar loan loss reserve at 4.25% of loans outstanding which is more than adequate against possible losses in the loan portfolio.” said Mike Hamilton, President. Hamilton expressed confidence that the current loan loss allowance is sufficient to address all identified and potential losses in the credit portfolio. “All loans are covered with more than enough reserves” added Hamilton.
Hamilton also expressed gratitude to their depositor base that has remained loyal to the Bank during these difficult times. Farmers National Bank continues to be one of the top banks serving the Magic Valley with a combined 21.9% deposit market share in the cities they serve.

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