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Financial Services

Green ventures don’t get better bank terms

Being sustainable and “green” did not help North End Organic Nursery when owners sought start-up construction financing a year ago. “Everything we’ve gotten has been based on good old-fashioned credit,” said Lindsay Schramm, who owns the north Boise business with ...

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Wells to pay Citi $100M to settle Wachovia lawsuit

Wells Fargo & Co. has agreed to pay $100 million to Citigroup Inc. to settle a dispute related to its acquisition of Wachovia Corp. in October 2008, at the height of the financial crisis. Wachovia was teetering on the brink ...

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SBA loan volume holds up after September spike (access required)

After a September surge in U.S. Small Business Administration loan volume, officials in SBA’s Boise district did not know what to expect in October, spokesman Larry Demirelli said. “The spike in September was the direct result of the funding of ...

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Cascade Bancorp works out deal to raise $177M

Cascade Bancorp wrapped up a deal with a group of investors that will bring in $177 million, a move that should halt the company’s capital problems. The Bend, Ore., bank holding company, parent of Bank of the Cascades, finalized agreements ...

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Home Federal ends fiscal year with $4.1M loss

Home Federal Bancorp Inc. nearly doubled in size in 2010 but closed out the fiscal year with a $4.1 million loss, or 26 cents per share. That compares to a profit last year of $8.1 million, or 51 cents per ...

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Intermountain Community Bancorp posts $24.7M loss (access required)

Intermountain Community Bancorp’s losses ballooned in the third quarter. The Sandpoint-based holding company, parent of Panhandle State Bank, reported a $24.7 million loss, or $2.95 per share, for the quarter that ended Sept. 30. That’s up from $2.9 million, or ...

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Wells Fargo remodels east Boise branch (access required)

Wells Fargo is remodeling the interior of its bank branch at Boise Avenue and Apple Street in southeast Boise. The project at 818 Boise Ave. includes building a new teller line; adding a fifth teller station; and replacing carpet, paint ...

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Glacier Bancorp reports $9.4M profit in third quarter

Glacier Bancorp reported a net profit of $9.4 million in the third quarter, but write-downs of problem assets and sluggish lending limited bigger gains. The Kalispell, Mont.-based bank holding company, parent of Idaho-based Mountain West Bank of Coeur d’Alene and ...

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