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Financial Services

Wells Fargo adds jobs at Boise service center

Wells Fargo plans to hire 150 additional workers in July and August at its Boise customer contact center on Elder Street. The move will increase total staff at the center to about 600. The new hires will provide phone-based service ...

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Idaho pension fund posts record year (access required)

   Idaho’s public-employee pension fund posted its best fiscal year in 25 years, gaining 20.7 percent in value for the 12-month period ended June 30. This allowed the fund to recover all losses suffered during the recession and hit an ...

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Reverse-mortgage market tightens (access required)

The market for reverse mortgages is tightening, reducing the options of older Americans who want access to the equity in their homes. Fewer seniors have enough home equity to use some of their reverse-mortgage proceeds to pay off a traditional ...

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NAI Boise office could benefit from C-III deal (access required)

C-III Capital Partners’ planned acquisition of the NAI Global commercial real estate services company is expected to provide some additional business for NAI’s Boise affiliate. “The reason it’s good news for us is increased deal flow,” said Ron Stratton, Certified ...

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Banks look to women, minorities for loan growth (access required)

Banks will be hard-pressed to find a source of loan growth as the economy recovers. Housing led the economy out of past recessions but won’t do so this time, said Chris Loucks, Boise State University professor of economics. Large companies ...

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Banks slowly enter the landlord business (access required)

Lenders who are accumulating distressed properties are slowly entering the property rental business nationally and in Boise. Renting out bank-owned homes and apartments produces income and keeps the properties from deteriorating, say housing experts. Nationally, more single-family homes are being ...

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Credit unions oppose interchange limits, exemption (access required)

A federal move to cut debit-card fees isn’t sitting well with Idaho credit union leaders. They also oppose an exemption designed to help credit unions and small banks. Last year’s financial reform legislation called for cutting and capping the “interchange ...

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Home Federal now Idaho-chartered

Home Federal Bank parent Home Federal Bancorp on May 31 changed from a federally chartered stock savings bank to an Idaho-chartered commercial bank. The charter conversion was the final regulatory stage of the Home Federal board’s strategy to move from ...

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Coldwater Creek files for future issue of securities

Coldwater Creek Inc. in late May filed a universal shelf registration statement with the U.S. Securities and Exchange Commission. It would give the company the option to issue additional stock, or to issue debt securities, up to $100 million. It ...

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Investors target bank-owned homes (access required)

Many investors target bank-owned homes instead of looking for homes available for short sale. Short sales are the sale of homes marketed at a price below what is owed the lender. Buying a bank-owned property means the buyer gets a ...

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