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Financial Services

Former Syringa CEO Aldape returns to banking after short retirement (access required)

Jerry Aldape, who last year retired as president of Syringa Bancorp while it was in trouble, has returned to the industry with D.L. Evans Bank. Aldape would not say much about Syringa, instead focusing on his new job as a ...

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Study gives Idahoans high marks for making their car payments

The rate of late payments for auto loans dropped further in the second quarter of the year, helped by low interest rates and improved car sales. That’s good news for prospective car shoppers, who should be able to find auto ...

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On brutal Wall Street day, Micron is a heavily traded loser

Micron Technology Inc. was the eighth most active stock on the Nasdaq Stock Market as of the close of the market on Thursday, Aug. 18, according to Yahoo Finance. It was a day in which U.S. stocks took a severe ...

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Intermountain Bank eliminates positions, shuffles management roles (access required)

Intermountain Community Bank recently changed its management structure, naming branch-based regional presidents for southwest Idaho. Intermountain is the southwest Idaho division of Panhandle State Bank, based in Sandpoint. CEO Curt Hecker said the change, part of an organizational restructuring that ...

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Recently more popular commercial R.E. bonds hit by market turmoil (access required)

No sooner had commercial mortgage-backed securities started to make a return than the volatility that rocked the stock market dealt them a setback. CMBS bonds, which finance many large commercial real estate projects long-term, have made a slow comeback following the 2008 ...

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Economic slump encourages debt counseling businesses, some shady (access required)

State officials are seeing an increase in activity from debt settlement agencies, which advertise heavily on late-night television and early-morning radio to people who are desperate to stay financially afloat. “It’s one of those hot consumer protection areas right now,” ...

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DA Davidson smiles on IDACORP (access required)

Investment firm DA Davidson has given a thumbs up to IDACORP, the parent company of Idaho Power, in advance of the company releasing second quarter 2011 earning figures Aug. 4.   In an Aug. 1 report, DA Davidson issued a ...

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Lending to sizable businesses, projects, picks up steam (access required)

Lending to midsized and large businesses, and on some large projects, appears to be growing stronger. Gardner Co., which owns three sizable commercial development projects in the Boise area, was able to get new financing recently. “The recovery has been ...

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MWI Veterinary earnings jump (access required)

MWI Veterinary Supply on July 28 announced a 24.7 percent increase in earnings and an 18.1 percent gain in operating income for its fiscal third quarter ended June 30. The Boise-based company posted $11.4 million in earnings on revenue of ...

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Clearwater Paper expansion drags earnings in quarter (access required)

Buying a business and ramping up a new plant cut Clearwater Paper’s earnings by nearly one-third in the second quarter, from a year earlier. High input costs also hurt, the company said. Spokane, Wash.-based Clearwater Paper Corp., which operates manufacturing ...

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