Idaho First Bank reported a smaller loss in the first quarter. The McCall-based bank lost $143,000, down from $391,000 in the fourth quarter of 2010 and $509,000 in the first quarter of 2010. Non-performing assets dropped from $4.5 million on ...
Read More »Idaho First Bank trims loss in first quarter
Idaho-Nev. CDFI among first in new SBA lender program 
The U.S. Small Business Administration picked Pocatello-based Idaho-Nevada Community Development Financial Institution among six lenders to start making loans through a new SBA program. The pilot Community Advantage program aims to get small loans to populations that have been underserved ...
Read More »Zions taking Smart Women Grant applications 
The Zions Bank Women’s Financial Group is taking applications through July 8 for Smart Women Grants of up to $3,000. Zions plans to award six grants. It appears the recession did not affect the number and type of applications received ...
Read More »Syringa Bancorp announces $10.7M in investor commitments 
Boise-based Syringa Bancorp, recently under regulatory scrutiny and struggling to raise capital, now has $10.7 million in investor commitments in escrow. The money is targeted for investment in Syringa Bancorp common stock and the purchase of certain classified assets of ...
Read More »Supervalu 4Q net income slips on softer sales
Grocer Supervalu Inc.’s fiscal fourth-quarter net income dipped 2 percent, partly weighed down by softer sales and store closings. The earnings topped Wall Street expectations. Supervalu stock surged $1.42, or 16 percent, to $10.50 in premarket trading. The stock has ...
Read More »Zions sees some improvement in small business segment 
Small business borrowing improved slightly last year after plunging in 2009, said Kelly Robertson, Boise-based senior vice president and director of regional credit for Zions Bank. Activity so far this year has been similar to that of 2010. “We continue ...
Read More »Small business lending stays tight 
Donnelly residents Louis and Paige Miller got their first forest-restoration contract, to thin out underbrush and small trees land managers consider wildfire fuel, in the summer of 2009. They lined up more contracts, and early the next year applied for ...
Read More »Utah insurance company opens Idaho Falls office
The Buckner Co., a commercial insurance agency based in Ogden, Utah, has entered Idaho by opening an office at 960 Pier View Drive, Idaho Falls. The company liked the stability of the Idaho Falls economy, CEO Terry Buckner said, and ...
Read More »Japan disaster reminds businesses about insurance
NEW YORK, N.Y. – It might be inconceivable to small business owners that a disaster hundreds or thousands of miles away could shut them down. But the earthquake and tsunami in Japan have interrupted shipments of parts and finished goods ...
Read More »Idaho House supports protecting health agent premiums 
Health insurance carriers cut commissions 30 to 60 percent since part of the federal health care reform law took effect Jan. 1, said Idaho Association of Health Underwriters lobbyist Jim Genetti. He proposes the Idaho Legislature support changing the law ...
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