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Financial Services

SBA loan volume holds up after September spike (access required)

After a September surge in U.S. Small Business Administration loan volume, officials in SBA’s Boise district did not know what to expect in October, spokesman Larry Demirelli said. “The spike in September was the direct result of the funding of ...

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Cascade Bancorp works out deal to raise $177M

Cascade Bancorp wrapped up a deal with a group of investors that will bring in $177 million, a move that should halt the company’s capital problems. The Bend, Ore., bank holding company, parent of Bank of the Cascades, finalized agreements ...

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Home Federal ends fiscal year with $4.1M loss

Home Federal Bancorp Inc. nearly doubled in size in 2010 but closed out the fiscal year with a $4.1 million loss, or 26 cents per share. That compares to a profit last year of $8.1 million, or 51 cents per ...

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Intermountain Community Bancorp posts $24.7M loss (access required)

Intermountain Community Bancorp’s losses ballooned in the third quarter. The Sandpoint-based holding company, parent of Panhandle State Bank, reported a $24.7 million loss, or $2.95 per share, for the quarter that ended Sept. 30. That’s up from $2.9 million, or ...

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Wells Fargo remodels east Boise branch (access required)

Wells Fargo is remodeling the interior of its bank branch at Boise Avenue and Apple Street in southeast Boise. The project at 818 Boise Ave. includes building a new teller line; adding a fifth teller station; and replacing carpet, paint ...

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Glacier Bancorp reports $9.4M profit in third quarter

Glacier Bancorp reported a net profit of $9.4 million in the third quarter, but write-downs of problem assets and sluggish lending limited bigger gains. The Kalispell, Mont.-based bank holding company, parent of Idaho-based Mountain West Bank of Coeur d’Alene and ...

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Banner Corp. posts $42M loss for the quarter (access required)

Banner Corp. reported a third-quarter net loss of $42.7 million, or 40 cents per share, driven by loan losses and investment write-downs. The Walla Walla-based holding company, parent of Banner Bank and Islanders Bank, set aside $20 million for loan ...

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Allstate plans call center in Chubbuck (access required)

A low cost of living and a high number of bilingual residents helped attract an Allstate Insurance Co. call center to the Chubbuck and Pocatello area. The Illinois-based company announced plans Oct. 21 to build a $21.9 million center in ...

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