Idaho Business Review IBR

Home Federal Bank parent Home Federal Bancorp on May 31 changed from a federally chartered stock savings bank to an Idaho-chartered commercial bank. The charter conversion was the final regulatory stage of the Home Federal board’s strategy to move from ...

Coldwater Creek Inc. in late May filed a universal shelf registration statement with the U.S. Securities and Exchange Commission. It would give the company the option to issue additional stock, or to issue debt securities, up to $100 million. It ...

Many investors target bank-owned homes instead of looking for homes available for short sale. Short sales are the sale of homes marketed at a price below what is owed the lender. Buying a bank-owned property means the buyer gets a ...

All four of the Idaho-based banks that got money from the federal government through the Troubled Asset Relief Program have yet to wipe the debt from their books, and three of them are lagging on interest payments. “It just comes ...

Idaho-based banks and savings institutions aren’t expected to report any miracles when their first-quarter performance reports come out later this month, but state Department of Finance Director Gavin Gee likes some trends he has seen recently. “We’re seeing some positive ...

Boise-based US Ecology Inc. reported earnings of $3.3 million or 18 cents per diluted share in the first quarter. That’s up from $1.8 million or 10 cents per share, a year earlier. Revenue totaled $34.1 million in the March 31 ...

Idaho First Bank reported a smaller loss in the first quarter. The McCall-based bank lost $143,000, down from $391,000 in the fourth quarter of 2010 and $509,000 in the first quarter of 2010. Non-performing assets dropped from $4.5 million on ...

The U.S. Small Business Administration picked Pocatello-based Idaho-Nevada Community Development Financial Institution among six lenders to start making loans through a new SBA program. The pilot Community Advantage program aims to get small loans to populations that have been underserved ...

The Zions Bank Women’s Financial Group is taking applications through July 8 for Smart Women Grants of up to $3,000. Zions plans to award six grants. It appears the recession did not affect the number and type of applications received ...

Boise-based Syringa Bancorp, recently under regulatory scrutiny and struggling to raise capital, now has $10.7 million in investor commitments in escrow. The money is targeted for investment in Syringa Bancorp common stock and the purchase of certain classified assets of ...