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Financial Services

Mortgage bill faces tough road in Congress

A sharply divided Congress isn’t likely to jump at President Barack Obama’s challenge for quick passage of a mortgage refinancing bill that supporters say could help millions of homeowners save big each year and boost the economy. Obama praised the ...

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Intermountain Community Bancorp made money in 2012

The Sandpoint-based holding company for Panhandle State Bank, Intermountain Community Bank, and Magic Valley Bank recorded profits for the fourth quarter and full year 2012. Intermountain, the holding company, made $1.9 million last year, compared to a loss of $1.8 ...

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The value of relationship banking in rural Idaho (access required)

Community bankers tend to know their customers. For this reason, rural banks have fewer commercial loan defaults than those in cities, according to new research. “This is an old story in banking,” said Finance Professor Keith Harvey at Boise State ...

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Idaho bank to close four branches (access required)

Home Federal Bank, headquartered in Nampa, will close four offices in Oregon by the end of February. Two branches are located in Bend. The Grants Pass and Medford offices will also close. President and CEO Len E. Williams said by ...

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Idaho cities pay extra into pool insurance program

Nearly 40 Idaho cities are facing double-digit increases in health insurance premiums because a pool insurance program they joined earlier this year was hit with some unexpected early claims. Cities big and small joined the Idaho Independent Intergovernmental Authority program ...

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Profits soar at two largest mortgage lenders

Is the mortgage market really back? The country’s two biggest mortgage lenders, Wells Fargo and JPMorgan Chase, reported Oct. 12 that a surge in home lending pushed them to record profits. JPMorgan CEO Jamie Dimon declared that the housing market ...

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Mountain America Credit Union expands west to Boise (access required)

Mountain America Credit Union opened a Boise branch September 24.  The Boise office is its first in western Idaho and fifth in the state.  The West Jordan, Utah-based financial institution also opened branches in Idaho Falls, Pocatello and Chubbuck within ...

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Zions Bancorp repays remaining $700M on bailout

The Treasury Department says regional bank company Zions Bancorp has repaid the $700 million it still owed for the federal bailout it received in the financial crisis. Salt Lake City-based Zions was among hundreds of banks that received bailouts in ...

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