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Financial Services

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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DA Davidson smiles on IDACORP (access required)

Investment firm DA Davidson has given a thumbs up to IDACORP, the parent company of Idaho Power, in advance of the company releasing second quarter 2011 earning figures Aug. 4.   In an Aug. 1 report, DA Davidson issued a ...

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Lending to sizable businesses, projects, picks up steam (access required)

Lending to midsized and large businesses, and on some large projects, appears to be growing stronger. Gardner Co., which owns three sizable commercial development projects in the Boise area, was able to get new financing recently. “The recovery has been ...

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MWI Veterinary earnings jump (access required)

MWI Veterinary Supply on July 28 announced a 24.7 percent increase in earnings and an 18.1 percent gain in operating income for its fiscal third quarter ended June 30. The Boise-based company posted $11.4 million in earnings on revenue of ...

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Clearwater Paper expansion drags earnings in quarter (access required)

Buying a business and ramping up a new plant cut Clearwater Paper’s earnings by nearly one-third in the second quarter, from a year earlier. High input costs also hurt, the company said. Spokane, Wash.-based Clearwater Paper Corp., which operates manufacturing ...

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Supervalu 1Q earnings rise, top estimates

Supervalu Inc.’s turnaround efforts paid off in the first quarter as the grocery chain reported a 10 percent bump in net income and beat expectations, which sent its shares soaring July 26. The company, which operates Albertsons, Jewel-Osco and other ...

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Idaho road bonds sell in scant new-issue market (access required)

The fifth of six planned issues of Idaho bonds to pay for highway construction was well received July 12, when all $72.9 million sold. Idaho has seen fewer issues of tax-exempt bonds recently, and many are refinancings of existing debt, ...

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