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Financial Services

Feds remove order from Sterling Savings Bank (access required)

Sterling Savings Bank officially shook off an order by state and federal regulators Sept. 27 about a month after the bank completed a $730 million recapitalization effort. The Federal Deposit Insurance Corp. and Washington Department of Financial Institutions terminated a ...

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Highway 12 invests in crowdsourcing platform (access required)

Boise-based Highway 12 Ventures is betting on a company that aims to help news websites, blogs and other online venues pull content from larger networks of writers. Highway 12, the only venture capital fund based in Idaho, joined with other ...

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Federal gov’t sends $5M in housing help to Idaho

The federal government is sending an additional $5 million to Idaho to help neighborhoods hurt by the foreclosure crisis. U.S. Housing and Urban Development Secretary Shaun Donovan announced the additional funding Sept. 8 to help communities acquire foreclosed properties for ...

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Idaho investors look for more angels (access required)

The co-founder of Idaho’s first angel investment fund wants to create another half dozen million-dollar pots of cash over the next few years in a bid to transform the financing infrastructure for early-stage companies in the state. Kevin Learned, co-founder ...

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Sterling Financial completes $730M capital infusion

Sterling Financial Corp. appears ready to get out from under the thumb of federal regulators now that it’s finished raising $730 million from investors. The Spokane-based holding company, parent of Sterling Savings Bank, has raised more money than regulators wanted ...

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Wells Fargo CEO: Don’t blame banks for not lending

Wells Fargo CEO John Stumpf says banks shouldn’t take the blame for not loaning money even though his bank’s total loan values have been tumbling. He told a Boise audience Aug. 17 that the problem is a lack of demand. ...

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Sterling Savings completes merger with Golf Savings

Sister banks Sterling Savings and Golf Savings are merging, parent company Sterling Financial Corp. announced Aug. 4. Sterling Financial, a Spokane-based holding company that has been rocked by failing loans to residential and commercial developers over the past two years, ...

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