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Sunwest Bank moves back office functions to Idaho from California
[caption id="attachment_237245" align="alignleft" width="300"] Sunwest Bank has moved its back office operations from California to Nampa. Photo courtesy of Sunwest Bank[/caption] Sunwest Bank has moved all its back office functionality to Idaho from California and is looking for locations for new branches in downtown Boise and south Meridian. The bank, based in Irvine, entered the Idaho mar[...]
New type of capital investment fund comes to Idaho
[caption id="attachment_222671" align="alignleft" width="300"] Organizations of interest to Sage Growth Capital include companies like these food processing firms, which exhibited at Trailmix last year. Photo by Liz Patterson Harbauer[/caption] Three Idaho investors are creating a fund to invest in regional companies, particularly ones in Idaho led by women or people of color. “We are look[...]
US consumer borrowing posts biggest gain since late 2017
WASHINGTON (AP) — Consumer borrowing surged in July at its fastest pace since late 2017, driven by a big jump credit card use. Consumer borrowing increased by $23.3 billion in July after a $13.8 billion advance in June, the Federal Reserve reported Monday. It was the biggest monthly gain since a $29.9 billion jump in November 2017. The large July gain was led by a sizable increase in borro[...]
Bank of Idaho on the move again, this time to Nampa
[caption id="attachment_236687" align="alignleft" width="300"] Bank of Idaho is temporarily setting up shop in the historic former Nampa Library, which itself was formerly a bank. Photo by Sharon Fisher[/caption] Bank of Idaho is continuing to live up to its name by expanding to Nampa, after expanding to Boise earlier this year. The bank has announced plans to enter the Nampa market, startin[...]
Micron, Zions add corporate officers to improve diversity
[caption id="attachment_216912" align="alignleft" width="300"] Companies like Micron and Zions Bank are hiring new officers to help improve their diversity. File photo[/caption] Correction: Due to an editing error, an earlier version of this story incorrectly stated that Micron is looking at gender orientation and gender identity in its diversity goals. The company is not at this time due to [...]
East Idaho Credit Union expands range
[caption id="attachment_236169" align="alignleft" width="300"] East Idaho Credit Union is replacing its Rexburg branch, as well as adding a branch in Pocatello. Rendering courtesy of East Idaho Credit Union[/caption] After 83 years in eastern Idaho, East Idaho Credit Union will open a branch in Pocatello. The credit union originally had a field of membership of Idaho Falls postal workers but[...]
Skip Oppenheimer: Idaho’s voice on the Federal Reserve
[caption id="attachment_185148" align="alignleft" width="300"] Arthur "Skip" Oppenheimer. File photo.[/caption] Idaho business executive Arthur "Skip" Oppenheimer recently pulled back the curtain a bit on the workings of the Federal Reserve System, an organization that he has come to know intimately for nearly four years. Oppenheimer, a former director of the Salt Lake City branch of the F[...]
STCU’s Rathdrum branch delayed until 2020
[caption id="attachment_235252" align="alignleft" width="300"] STCU is building a new branch of its credit union in Rathdrum, scheduled to be completed next year. Rendering courtesy of STCU[/caption] A new Rathdrum branch for the STCU credit union will be delayed until next year. The Liberty Lake, Washington-based credit union, which will have a total of 24 branches in eastern Washington and[...]
Crapo: Committee will move forward on legal cannabis banking bill
[caption id="attachment_209475" align="alignleft" width="300"] The budding legal marijuana business can't use banks and credit unions, but bankers are trying to change that. File photo.[/caption] A bill that could make it easier for banks and credit unions to serve legal cannabis businesses has taken a step forward. On July 23, a Senate committee chaired by Sen. Mike Crapo held a hearing on [...]
Equifax to pay up to $700M in data breach settlement
NEW YORK (AP) — Equifax will pay at least $700 million — and potentially much more — to settle lawsuits over a 2017 data breach that exposed the Social Security numbers and similar sensitive information of roughly half of the U.S. population. The settlement with federal authorities and states , reached Monday, includes up to $425 million in monetary relief to consumers, a $100 million[...]
Crapo might schedule pot banking hearing after all
[caption id="attachment_209475" align="alignleft" width="300"] The budding legal marijuana business can't use banks and credit unions, but bankers are trying to change that. File photo.[/caption] In what may be a shift in direction, Sen. Mike Crapo, chair of the Senate Banking, Housing and Urban Affairs Committee, has indicated he might soon schedule hearings on a bill that would let bankers s[...]
Idaho bank, credit union rank highly on ‘healthy banks’ list
[caption id="attachment_234813" align="alignleft" width="300"] A Nampa branch of Icon Credit Union, which ranked No. 7 nationwide on a list of healthy credit unions. Photo by Sharon Fisher[/caption] Several banks and credit unions based in or serving Idaho are ranked highly on lists of the healthiest banks and credit unions and top community banks nationwide. The healthy banks list was put o[...]
