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Financial Services

Organization funds scholarships for Native CPAs (access required)

The American Indian Graduate Center, a scholarship provider to Native students in the United States, has created the Investing in Native CPAs Program. The $2 million scholarship initiative is intended to fund 150 Native scholars pursuing accounting and finance degrees, ...

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Year in review 2020: Financial institutions the saviors (access required)

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This article was updated on Jan. 14 to correct a title. For financial institutions, 2020 was the year they got to be the good guys. In addition to dealing with their own COVID-19 response, they also not only supported their ...

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Denise Smith joins board of directors of Northwest Bank

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Northwest Bank and its holding company, Western Capital Corporation, announced that Denise “Dee Dee” Smith has joined the board of directors for both companies.  Smith is a resident and native of Boise. She serves as the managing director of TCS ...

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How did bankruptcy filings, COVID-19 lawsuits fare? (access required)

Idaho will close out 2020 with the continuation of its highly-unusual trends for bankruptcy. There was only one metric where Idaho repeated its performance of previous years: the state traditionally sees a Chapter 7 to 13 ratio of nine-to-one and ...

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Gap between mortgage rate, Treasury yield slowly closing (access required)

The maturity rate of 10-year U.S. treasury notes (blue line) and the spread between that rate and 30-year fixed mortgages (red line) since 2000. Image courtesy of the U.S. Federal Reserve Bank of St. Louis.

The exceptional gap that opened in the spread between the 10-year Treasury yield and the 30-year fixed-rate mortgage rate in March has now closed to its narrowest since the beginning of the pandemic, as measured by Freddie Mac’s Primary Mortgage ...

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With lower interest rates, Albertsons refinances bonds (access required)

When interest rates drop, it is not just homeowners who take advantage of the lower rate to buy better loans. In a similar sort of move, a different kind of refinancing is pursued by corporations that issue bonds. It is not ...

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First Interstate Bank hires Kelley Groth

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Kelley Groth was recently hired by First Interstate Bank as Small Business Administration government lending manager. In this role, she will be responsible for overseeing the company’s SBA lending program. With more than 15 years working with SBA lending programs, her ...

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Amy Ashcraft, Rocio Rivera promoted at Mountain West

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Mountain West Bank has promoted Amy Ashcraft to assistant vice president and branch manager at its Nampa 12th Ave. office. A 26-year veteran of the banking industry, she joined Mountain West Bank in 2005 as the Nampa 12th Ave. branch ...

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SEC expands definition of ‘accredited investor’

As we hope you all know, any time a real estate developer or issuer takes money from a person or entity that will not be an active participate in the efforts to make the endeavor profitable, then that money raised ...

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Idaho First Bank opens full-service Nampa branch (access required)

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Just eight months after opening a loan processing office in Nampa, Idaho First Bank has upgraded to a full-service branch, and a new (to it) building to boot. “The bank has been so well received by our customers,” said Chris ...

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