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Financial Services

Idaho company bonds on list for federal buyback program (access required)

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The Federal Reserve is buying up corporate debt, which will help firms that do business in Idaho maintain their cash liquidity despite the COVID-19 economic downturn. The Fed announced in late March that it would, for the first time in ...

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Todd Grande, Terrance Green join Bright Bank (access required)

Todd Grande has joined Bright Bank in Boise as VP, commercial relationship manager in the Commercial Banking Office. In this role, Grande is responsible for developing and servicing a wide range of clients and assisting them in their financial needs. ...

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Guarding your credit during times of COVID-19 coronavirus

As COVID-19 continues to spread, your personal health is likely top of mind. But good financial health is almost as important — and your credit score is a key asset that can help you navigate the newly official recession. Entrepreneurs often ...

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Home loan and refi applications setting records (access required)

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Idaho mortgage brokers and loan officers aren’t getting much sleep as a flood of home loan and refinance applications is drowning them with work. The number of applications is setting records. Both the Mortgage Bankers Association and Freddie Mac report ...

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Idaho Trust Bank creates separate private banking division (access required)

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Idaho Trust Bank is setting up a separate private banking division that will be housed at its downtown Boise headquarters. “We want to identify it as a specific, dedicated component of our banking offering,” said co-founder Tom Prohaska, who was ...

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Baylee Colton joins D.L. Evans Bank’s Ketchum branch (access required)

Baylee Colton has joined D.L. Evans Bank’s Ketchum branch as Operations Supervisor. Colton joined the D.L. Evans Bank team in September 2019, starting as a personal banker. She earned her bachelor’s degree in public relations from Brigham Young University-Idaho and will ...

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Larry Ilk joins Bright Bank as senior vice president

Larry Ilk has joined Bright Bank in Boise as senior vice president, manager of the commercial banking office. In this role, he will head a team of commercial banking relationship managers in leading the market development strategy and will be ...

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What makes Idaho bankruptcies different? Its 13/7 ratio (access required)

A common perception is that economic downturns cause an increase in bankruptcies. It turns out that’s not exactly correct. High debt is the culprit in consumer bankruptcy, not the economy. “People think of bankruptcy as an indicator of the health of ...

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Business interruption insurance exclusions more than words (access required)

Just because your business interruption insurance policy says you’re not covered for a virus-caused emergency shutdown, you would be wise to file a notice of claim anyway. That’s because the courts still may rule in your favor, according to Kevin ...

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David Sullivan joins First Interstate as VP/Commercial Relationship Manager

David Sullivan is joining First Interstate Bank as vice president/commercial relationship manager in Boise. Sullivan comes to First Interstate from KeyBank where he was a vice president and commercial relationship manager. He has over 16 years of banking experience, including commercial ...

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