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Financial Services

Home Fed to close branches, trim mortgage unit (access required)

Nampa-based Home Federal Bancorp, which operates 34 branch offices and employs nearly 400, announced plans to close six branches and downsize its mortgage operation. Four of the six branches to be closed by Jan. 5 are in Oregon, where Home ...

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Foreclosure starts rise in August (access required)

Foreclosure starts increased more than 50 percent in Ada County and slightly in Canyon County in August after declining during most of the spring and early summer, Idaho Data Providers reported. Ada County averaged 284 default notices per month from January through ...

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Unemployment bond issue nets low interest rate (access required)

A new bond issue will save Idaho money. An issue of bonds to repay a federal loan to the Idaho Department of Labor was scheduled to close Aug. 31. On the closing date, investors pay for the bonds and the ...

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Former Syringa CEO Aldape returns to banking after short retirement (access required)

Jerry Aldape, who last year retired as president of Syringa Bancorp while it was in trouble, has returned to the industry with D.L. Evans Bank. Aldape would not say much about Syringa, instead focusing on his new job as a ...

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Study gives Idahoans high marks for making their car payments

The rate of late payments for auto loans dropped further in the second quarter of the year, helped by low interest rates and improved car sales. That’s good news for prospective car shoppers, who should be able to find auto ...

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On brutal Wall Street day, Micron is a heavily traded loser

Micron Technology Inc. was the eighth most active stock on the Nasdaq Stock Market as of the close of the market on Thursday, Aug. 18, according to Yahoo Finance. It was a day in which U.S. stocks took a severe ...

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Intermountain Bank eliminates positions, shuffles management roles (access required)

Intermountain Community Bank recently changed its management structure, naming branch-based regional presidents for southwest Idaho. Intermountain is the southwest Idaho division of Panhandle State Bank, based in Sandpoint. CEO Curt Hecker said the change, part of an organizational restructuring that ...

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Recently more popular commercial R.E. bonds hit by market turmoil (access required)

No sooner had commercial mortgage-backed securities started to make a return than the volatility that rocked the stock market dealt them a setback. CMBS bonds, which finance many large commercial real estate projects long-term, have made a slow comeback following the 2008 ...

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Economic slump encourages debt counseling businesses, some shady (access required)

State officials are seeing an increase in activity from debt settlement agencies, which advertise heavily on late-night television and early-morning radio to people who are desperate to stay financially afloat. “It’s one of those hot consumer protection areas right now,” ...

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