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What makes Idaho bankruptcies different? Its 13/7 ratio (access required)

A common perception is that economic downturns cause an increase in bankruptcies. It turns out that’s not exactly correct. High debt is the culprit in consumer bankruptcy, not the economy. “People think of bankruptcy as an indicator of the health of ...

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Business interruption insurance exclusions more than words (access required)

Just because your business interruption insurance policy says you’re not covered for a virus-caused emergency shutdown, you would be wise to file a notice of claim anyway. That’s because the courts still may rule in your favor, according to Kevin ...

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David Sullivan joins First Interstate as VP/Commercial Relationship Manager

David Sullivan is joining First Interstate Bank as vice president/commercial relationship manager in Boise. Sullivan comes to First Interstate from KeyBank where he was a vice president and commercial relationship manager. He has over 16 years of banking experience, including commercial ...

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Mark Houston joins Bright Bank as president and CEO

Mark Houston has joined Bright Bank as president and CEO for this new community bank based in Boise. As one of the founding members, Houston is responsible for developing the growth and profitability of the organization while ensuring an exceptional ...

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Idaho Deal Flow report: Numbers down, dollars take big jump (access required)

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Private investment in Idaho companies dropped slightly from 2018 to 2019 — though Micron’s acquisition of IM Flash Technologies from Intel boosted the total dollars invested. Overall, investment deals jumped to $4.42 billion in 2019, compared with $1.65 billion the previous ...

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Helen Johnson joins Zions Bank as business banker (access required)

Zions Bank has hired Helen Johnson as a business banking relationship manager at its Nampa branch at 2121 W. Karcher Road. In this role, she is responsible for developing and maintaining banking relationships with business clients. Johnson brings more than 30 years of ...

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Mortgage statistics offer good news, bad news (access required)

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The bad news is that mortgage delinquencies are up. The good news is that mortgage applications are also up along with rebounding home sales. According to the Mortgage Bankers Association, the total number of loans now in forbearance increased from ...

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Analysis: COVID-19 behind the strange drop in bankruptcies (access required)

In general, bankruptcies increase as a result of economic downturns. It may come as a surprise, then, that bankruptcies have done the exact opposite since the arrival of the COVID-19 pandemic. According to the American Bankruptcy Institute, the numbers from ...

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