June 5, 2019
Comments Off on Bankers urge Crapo to hold marijuana banking bill hearings
Although marijuana is now legal in a number of states, companies that sell it can’t use banks and credit unions to store funds. Banking association officials from all 50 states – including Idaho – are working to change that by ...
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Coeur d’Alene Bancorp, a three-branch bank in North Idaho, is opening a fourth branch in Post Falls this summer, funded through a $5 million private placement. The state-chartered bank was founded in 2001 and has assets of $130 million. “95% ...
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May 20, 2019
Comments Off on Export-Import Bank regains functioning board
A confirmation logjam that had stymied international business lending since 2015 was finally broken recently when the Senate voted to confirm three new members of the Board of Directors of the Export-Import Bank, giving the organization a quorum. “The Senate ...
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May 15, 2019
Comments Off on U.S. Bank closing more branches, but not in Idaho
While U.S. Bank CEO Andy Cecere has said that he expects the bank to close 10% to 15% of its branches, or about 450 branches nationwide, it’s unlikely that any of them will be in Idaho. “There are no more ...
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May 15, 2019
Comments Off on Zions Bank creates North Idaho region
Zions Bank has created a separate North Idaho region that could presage the bank’s expansion in the area. Currently, the bank, which is based in Salt Lake City, has two branches in the region: Lewiston and Moscow. That could change, ...
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May 10, 2019
Comments Off on Washington Federal Bank expanding back-office operations in Boise
Washington Federal Bank’s headquarters will remain in Seattle, but the bank is expanding back-office operations in Idaho because of lower costs. “The bank realized that continuing to house our back-office operations in Seattle was not going to be cost-efficient,” said ...
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May 8, 2019
Comments Off on Idaho Central Credit Union buys property in Pocatello’s Northgate development
Idaho Central Credit Union has bought property in a planned Pocatello-area development, but doesn’t have specific plans for the property yet. “The property is 1.58 acres,” said Laura Smith, director of public relations for the Chubbuck-based credit union, the largest ...
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May 6, 2019
Comments Off on Export-Import Bank helps Idaho companies, Simpson says
Funding for the federal Export-Import Bank is scheduled to come up in September and shouldn’t face some of the opposition it dealt with the last time, said Rep. Mike Simpson, R-Idaho. “I don’t think it’s going to be a heavy ...
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April 25, 2019
Comments Off on Washington credit union acquires assets of North Idaho Banner Bank branch
Banner Bank is closing its Sandpoint branch and transferring its accounts there to Spokane Teachers Credit Union (STCU), a Washington-based credit union with six branches in Idaho. “We have reached an agreement to sell the loans and deposits of our ...
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April 24, 2019
Comments Off on Weiser to get an Icon Credit Union in July
Icon Credit Union is opening a Weiser branch inside the Ridley’s Family Market currently under construction — the community’s first credit union since 2015. The full-service branch will let customers open new accounts and apply for consumer, mortgage and business loans. ...
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