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Financial Services

Banner Corp. posts $42M loss for the quarter (access required)

Banner Corp. reported a third-quarter net loss of $42.7 million, or 40 cents per share, driven by loan losses and investment write-downs. The Walla Walla-based holding company, parent of Banner Bank and Islanders Bank, set aside $20 million for loan ...

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Allstate plans call center in Chubbuck (access required)

A low cost of living and a high number of bilingual residents helped attract an Allstate Insurance Co. call center to the Chubbuck and Pocatello area. The Illinois-based company announced plans Oct. 21 to build a $21.9 million center in ...

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Mortgage originators put off taking state exam (access required)

Time is running out for many Idaho mortgage originators to pass a required state exam. As of Oct. 15, 73 percent had passed the national exam and 47 percent had passed the state exam, said K.C. Schaler, Idaho Department of ...

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Zions Bancorp curbs losses in third quarter (access required)

Zions Bancorporation reined in losses in the third quarter as it resolved more problem loans and tallied a drop in delinquencies. The Salt Lake City-based bank holding company, parent of Zions First National Bank, reported a net loss of $80.5 ...

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Icon Credit Union moves, expands in CDA

Icon Credit Union in early October moved its Coeur d’Alene branch from North Government Way to a larger building at 1336 W. Kathleen Ave., Senior Vice President Karma Samartino said. She would not disclose the purchase price but said Icon ...

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Investigation initiates foreclosure moratorium

By Ben Mook As calls for a moratorium on foreclosures and sales of foreclosed homes continue to grow, so do the calls for it to be as short as possible to avoid hindering a housing market still trying to recover. ...

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BofA halts foreclosure sales in 50 states

Bank of America Corp., the nation’s largest bank, said Friday it would stop sales of foreclosed homes in all 50 states as it reviews potential flaws in foreclosure documents. A week earlier, the company had said it would only stop ...

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Four Idaho banks hang on to federal TARP money (access required)

Leaders from the four Idaho-based banks that took money from the federal government as part of the $700 billion financial rescue of 2008 say they’re not ready to give it back. The four banks received a combined $62 million as ...

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Statewide university incubator fund ready to launch (access required)

The State Board of Education is gearing up to create a $333,000 annual fund that university researchers could tap to turn their ideas into businesses. The governor-appointed Idaho Innovation Council endorsed the idea of a two-year pilot project during its quarterly meeting on Sept. 30. ...

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