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Financial Services

A roundup of developments

Pocatello intermodal terminal opens The intermodal rail terminal at the Union Pacific railyard in Pocatello held a ribbon cutting ceremony to celebrate its completion on Sept. 1. Gov. Brad Little was one of the speakers at the event. The terminal is owned ...

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Deneen May promoted at Zions Bank

Zions Bank has promoted Deneen May to president of the Western Idaho Region, responsible for the strategic direction, market share growth and profitability of the bank’s 10 Treasure Valley branches. May previously served for 12 years as manager of the bank’s Meridian Silverstone ...

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Despite recent drop, pandemic, experts expect e-commerce, retail rise is here to stay (access required)

“The pandemic is causing people to change their consumer habits,” Zions Bank Senior Vice President and Economic and Public Policy Officer Robert Spendlove said this January, adding that stakeholders, among others, will see dramatic impacts. Recent data is backing that up. Wells ...

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‘A ripple-effect’ of housing challenges — mortgage rates and real estate trends  (access required)

Low housing inventory, climbing home prices and a shortage of workers and supplies are just a few not-so-secret challenges facing stakeholders in the mortgage lending and residential real estate industries statewide, so, Idaho Business Review asked five industry stakeholders to ...

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Federal programs continue helping Idaho small businesses  (access required)

Federal funding from the Small Business Administration (SBA), some of which was administered by banks and other financial institutions, has helped Idaho small businesses weather the economic disruption caused by the COVID-19 pandemic. Paycheck Protection Program The main program, which ...

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Vacasa to go public in SPAC financing deal  (access required)

Vacasa, a vacation rental company headquartered in Boise and Portland, announced on July 29 it was going public with a $400 million transaction, partnering with TPG Pace Solutions. That gives it a valuation of $4.5 billion, with $485 million for growth and technology investments. “Vacation rentals were cast into ...

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Banking experts warn of increasing inflation, show optimism for stocks (access required)

The bad news is that inflation is increasing even faster than expected, but the good news is that investment markets don’t seem to care much. That’s according to two Zions Bank economists, who gave a mid-year economic outlook on July 14. “There’s ...

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ITD saves $41 million in bond refinancing (access required)

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Refinancing existing debt in the wake of the COVID-19-fueled interest rate crash of 2020 turned into a bonanza for property owners in the nine months that followed. It also created savings for municipalities, counties and taxing entities in Idaho. Now ...

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Zions Bank adds two staff members

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Anne Wickersham has been named manager of Zions Bank’s Fruitland branch at 909 NW 16th St., Suite B., where she is responsible for business development, customer service, community outreach and overall management of the branch and its staff. She most ...

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