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Financial Services

Second round of PPP funding becomes available in Idaho (access required)

Idaho businesses affected by COVID-19, get ready: The federal government’s Payroll Protection Program is cranking up again. Small businesses say they desperately need the money. “In a survey of 10,325 small business owners nationally, from January 9 through January 12, ...

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Drake Cooper touts employee ownership, especially now (access required)

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Boise-based advertising company Drake Cooper has announced it is now 100% employee-owned, meaning each of its approximately 50 employees has been gifted stock shares of the privately held business. CEO Jamie Cooper says this creation of an Employee Stock Ownership ...

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Economist: ‘It will be different’ as Idaho economy rebounds (access required)

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Despite continuing hardships from 2020, local finance and economy experts are optimistic about some aspects going into 2021. Moreover, at the state level, Idaho is making a promising comeback, though not without a warning about current and rising housing prices ...

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Dean Cameron named president-elect of insurance organization (access required)

Idaho Department of Insurance Director Dean L. Cameron was voted president-elect of the National Association of Insurance Commissioners. The NAIC is part of the state-based system of insurance regulation in the 50 states, the District of Columbia and five U.S. ...

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Alex Aburto promoted at First Federal Bank

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First Federal has promoted Alex Aburto to business banking officer. He graduated from Utah State University in 2016, with Bachelor of Science degrees in accounting and business administration. He has several years of customer service experience, a background in commercial credit ...

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Financial institutions banking on growth in 2021 (access required)

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This article was updated on Jan. 14 to correct a title. Banks got a late Christmas present the evening of Dec. 27 from President Donald Trump when he signed a stimulus bill to extend the Payroll Protection Program into 2021. ...

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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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