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Financial Services

Mountain America Credit Union expands west to Boise (access required)

Mountain America Credit Union opened a Boise branch September 24.  The Boise office is its first in western Idaho and fifth in the state.  The West Jordan, Utah-based financial institution also opened branches in Idaho Falls, Pocatello and Chubbuck within ...

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Zions Bancorp repays remaining $700M on bailout

The Treasury Department says regional bank company Zions Bancorp has repaid the $700 million it still owed for the federal bailout it received in the financial crisis. Salt Lake City-based Zions was among hundreds of banks that received bailouts in ...

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Microloans are a savior for small business, a risk for lenders (access required)

Not all business loans need to be in the millions. While big-budget lending for blockbuster real estate and building projects gets the attention, many small businesses only require a few thousand dollars to buy a piece of equipment or bolster ...

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Getting a loan to open a franchise getting harder

When Rick Kimsey decided to start a business, a franchise seemed like the best way to go. Buying a franchise – in his case, a Doctors Express urgent care facility – meant he didn’t have to start from square one. ...

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Shareholders, regulators OK Western Capital Bank merger (access required)

Western Capital Bank in Boise and Northwest Bank near Portland, Ore., will legally merge on Aug. 15, with a full combination of operations under the Northwest Bank name in mid-November. Shareholders of both financial institutions approved the merger on Aug. ...

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Bonding agents recommend fidelity bonds (access required)

Fidelity (or dishonesty) bonding is one type of commercial bonding that can benefit almost any type of business, according to Jim Miller of Premier Insurance in Boise. He also said it’s one of the most undersold types of bonding. “Unfortunately, ...

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Bonding is a complex task for contractors (access required)

Government construction projects can mean serious cash. In 2011, contractors completed some big projects in Idaho, including the $15 million Hugh Nichols Public Safety Building in Nampa and the nearly $30 million Boise State University Micron Business and Economics Building. ...

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FDIC rule change is shot in arm for community banks (access required)

A Federal Deposit Insurance Corp. effort to redistribute the cost of failing banks is taking a bigger bite out of the bottom line of the country’s largest financial institutions, while giving a shot in the arm to many community banks. ...

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Banking industry decries credit union legislation (access required)

A proposed amendment to a 1998 bill regulating credit unions has the credit union and banking industries at odds. Credit unions that have continued making business loans through the recession are backing S. 2231, the Small Business Lending Enhancement Act ...

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Home Federal turns profit in quarter

Home Federal Bancorp has reported net income of $559,000, or 4 cents per diluted share, for the second quarter, compared to a net loss of $78,000, or 1 cent per share, a year earlier. Reduced operating expenses, improved loan quality ...

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