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Financial Services

Idaho’s small businesses should benefit from lower unemployment rates (access required)

Idaho’s leveled off unemployment rate of 9.5 percent, boosted by an estimated 4,000 jobs during the past 12 months, is a good indicator that small business should be on the recovery. Jeff Thredgold, economic consultant to Zions Bank, said, “A ...

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Community banks start to raise capital (access required)

Investment capital is starting to flow to community banks to help them improve balance sheets and get off regulators’ watch lists. Bank of the Cascades parent Cascade Bancorp and McCall-based Idaho First Bank recently raised capital in stock offerings. “There ...

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State revokes Bowman’s insurance license after forgery (access required)

The Idaho Department of Insurance revoked the insurance license of Paul A. Bowman, Grangeville, effective Feb. 1. Bowman admitted to one count of forging an insurance-related document in the final order signed by department Director Bill Deal. The department removes ...

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Idaho banks beat U.S. averages in 2010 (access required)

Idaho banks fared better than those in much of the rest of the U.S. in 2010, state Department of Finance Director Gavin Gee said. Banks and credit unions in Idaho entered the recession better capitalized than those in many other ...

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SEC: AEHI execs used company as ‘personal piggy bank’

Securities regulators say court-ordered discovery into a small would-be Idaho nuclear plant developer’s activities strengthen their claims that its executives treated the company “as their own personal piggy bank.” Securities and Exchange Commission lawyers filed documents about Alternate Energy Holdings ...

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Fraud case outcome a sign of real estate downturn (access required)

Commercial loan broker and Apex Real Estate Holdings owner Joseph Fisher of Rathdrum must serve 18 months in prison after First District Judge John Luster found him guilty of insurance fraud and forgery. The fraud involved title insurance in a ...

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MassMutual-Sage opens Emmett office

MassMutual Financial Group dba Sage Wealth Management opened an office this month at 2005 E. Quail Run Road, Emmett. A grand opening was held Jan. 19. Jeremiah Vickery and Justin Walker manage the office, which occupies 1,500 square feet. Janet ...

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Bankruptcies rise more modestly in 2010 (access required)

Bankruptcy attorney Jon Wilson remains busy. “We have seen, over the past three years, bankruptcies continue to increase due to the difficult financial times,” said Wilson, who owns Ada Bankruptcy Service and Wilson Law Offices in Boise. Idaho bankruptcy filings ...

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Blackfoot native named to SLC Fed Branch (access required)

Blackfoot native Albert T. Wada will sit on the Federal Reserve Bank of San Francisco as a director of the Salt Lake City Branch. Wada will replace Park City, Utah, resident Annette Herman Harder on the seven-member board. Wada, of ...

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