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Financial Services

TARP debts linger on Idaho banks’ books; some land on delinquent list (access required)

All four of the Idaho-based banks that got money from the federal government through the Troubled Asset Relief Program have yet to wipe the debt from their books, and three of them are lagging on interest payments. “It just comes ...

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Idaho First Bank trims loss in first quarter (access required)

Idaho First Bank reported a smaller loss in the first quarter. The McCall-based bank lost $143,000, down from $391,000 in the fourth quarter of 2010 and $509,000 in the first quarter of 2010. Non-performing assets dropped from $4.5 million on ...

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Idaho-Nev. CDFI among first in new SBA lender program (access required)

The U.S. Small Business Administration picked Pocatello-based Idaho-Nevada Community Development Financial Institution among six lenders to start making loans through a new SBA program. The pilot Community Advantage program aims to get small loans to populations that have been underserved ...

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Zions taking Smart Women Grant applications (access required)

The Zions Bank Women’s Financial Group is taking applications through July 8 for Smart Women Grants of up to $3,000. Zions plans to award six grants. It appears the recession did not affect the number and type of applications received ...

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Syringa Bancorp announces $10.7M in investor commitments (access required)

Boise-based Syringa Bancorp, recently under regulatory scrutiny and struggling to raise capital, now has $10.7 million in investor commitments in escrow. The money is targeted for investment in Syringa Bancorp common stock and the purchase of certain classified assets of ...

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Supervalu 4Q net income slips on softer sales

Grocer Supervalu Inc.’s fiscal fourth-quarter net income dipped 2 percent, partly weighed down by softer sales and store closings. The earnings topped Wall Street expectations. Supervalu stock surged $1.42, or 16 percent, to $10.50 in premarket trading. The stock has ...

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Zions sees some improvement in small business segment (access required)

Small business borrowing improved slightly last year after plunging in 2009, said Kelly Robertson, Boise-based senior vice president and director of regional credit for Zions Bank. Activity so far this year has been similar to that of 2010. “We continue ...

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Small business lending stays tight (access required)

Donnelly residents Louis and Paige Miller got their first forest-restoration contract, to thin out underbrush and small trees land managers consider wildfire fuel, in the summer of 2009. They lined up more contracts, and early the next year applied for ...

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