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Financial Services

Banks slowly enter the landlord business (access required)

Lenders who are accumulating distressed properties are slowly entering the property rental business nationally and in Boise. Renting out bank-owned homes and apartments produces income and keeps the properties from deteriorating, say housing experts. Nationally, more single-family homes are being ...

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Credit unions oppose interchange limits, exemption (access required)

A federal move to cut debit-card fees isn’t sitting well with Idaho credit union leaders. They also oppose an exemption designed to help credit unions and small banks. Last year’s financial reform legislation called for cutting and capping the “interchange ...

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Home Federal now Idaho-chartered

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 ...

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Coldwater Creek files for future issue of securities

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 ...

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Investors target bank-owned homes (access required)

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 ...

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TARP debts linger on Idaho banks’ books; some land on delinquent list (access required)

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 ...

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Idaho First Bank trims loss in first quarter (access required)

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 ...

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Idaho-Nev. CDFI among first in new SBA lender program (access required)

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 ...

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