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Financial Services

U.S. Bank promotes Smith to regional president (access required)

Justin Smith is the new regional president for U.S. Bank in Western Idaho/Eastern Oregon, filling a top post that was vacated more than two months ago when former regional president Joel Hickman left the bank. Smith had been the senior ...

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Sunwest makes Syringa its 5th resuscitated bank (access required)

After federal regulators closed the failing Syringa Bank Jan. 31, Sunwest Bank was there to pick up the pieces and reopen Feb. 3, with vinyl Sunwest Bank signs draped over old Syringa Bank signs. The sign-swapping was a small part ...

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Proposed law would bring about Internet sales tax, but not in Idaho (access required)

Legislation headed for the U.S. House Judiciary Committee would help some states collect sales tax from online retailers, but Idaho doesn’t qualify to take advantage of the act’s provisions. The Marketplace Fairness Act, which passed the Senate last year, would ...

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Five signs a customer is in default (access required)

In business, if you’re not getting paid by a customer or client, chances are someone else is. Business owners should be on the lookout for warning signs that a client may default on payment, and take proactive steps to make ...

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US regulators close Syringa Bank

Regulators closed a small lender in Idaho on Jan. 31, marking the third U.S. bank failure of 2014 after 24 closures last year. The Federal Deposit Insurance Corp. said it has taken over Syringa Bank, based in Boise. The lender, ...

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Advisers wary of ACA exchange dumping (access required)

As businesses brace for the Patient Protection and Affordable Care Act employer requirement that takes effect in 2015, some are looking for ways to curb costs brought on by the sweeping changes. Starting next year, companies with 50 or more ...

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Retailers fight credit card swipe fee ruling (access required)

A recent settlement in a controversial antitrust lawsuit over credit card swipe fees means bad news for retailers nationwide, according to Mallory Duncan, senior vice president and general counsel of the National Retail Federation. The result of efforts begun in ...

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Eastern Idaho angel investors complete first cash infusion (access required)

A small angel-investing group in southeastern Idaho, the Idaho Expansion Group, has closed its first fund, giving less than $500,000 to three Idaho technology companies. Fund members say the first fund may be the only one organized by the group, ...

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Department of Finance saw more filings in 2013

The Idaho Department of Finance says the financial services industry expanded in 2013. An annual report from the department said there was a 2.6 percent increase in submissions for business filings, licenses and registrations. The total number of business filings ...

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