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Financial Services

Boise Paper debt rating improves (access required)

Moody’s Investors Service on Oct. 21 boosted its rating of much of Boise Paper Holdings LLC’s debt. The ratings agency cited strong credit-protection fundamentals in the short term as well as the Boise company’s increased focus on the more stable ...

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Idaho’s rate of bank regulatory orders noted in study (access required)

Idaho banks rank well by one measure and not so well by another in a nationwide count of those under government compliance or consent orders. The orders require banks to improve their balance sheets. SNL Financial found that as of ...

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Coldwater Creek warns of wider losses (access required)

Coldwater Creek Inc. on Oct. 17 warned it will post wider losses than anticipated in current and upcoming quarters. The Sandpoint-based retailer of women’s clothing and accessories has struggled recently and is overhauling its merchandising approach. The Sandpoint-based retailer of women’s clothing ...

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Small business group, health insurers disagree on new health exchange board (access required)

An Idaho small business group is raising concerns that the state’s three large insurance companies could have too large a hand in how Idaho creates a new health insurance exchange. The exchange, part of the 2010 federal health care reform, ...

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Defaults drop in September (access required)

Home mortgage default filings fell 40 percent in Ada and Canyon counties combined in September, after jumping by a third a month earlier. Idaho Data Providers reported Ada County defaults fell 54 percent, from 342 in August to 156 in ...

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Two Idaho banks get $120M in federal small business loan funds (access required)

The U.S. Treasury Department has given two community banks with branches in Idaho a combined $120 million targeted for small business loans. The money, part of nationwide plan, is an effort to increase lending and access to capital, but in ...

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Home Fed to close branches, trim mortgage unit (access required)

Nampa-based Home Federal Bancorp, which operates 34 branch offices and employs nearly 400, announced plans to close six branches and downsize its mortgage operation. Four of the six branches to be closed by Jan. 5 are in Oregon, where Home ...

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Foreclosure starts rise in August (access required)

Foreclosure starts increased more than 50 percent in Ada County and slightly in Canyon County in August after declining during most of the spring and early summer, Idaho Data Providers reported. Ada County averaged 284 default notices per month from January through ...

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Unemployment bond issue nets low interest rate (access required)

A new bond issue will save Idaho money. An issue of bonds to repay a federal loan to the Idaho Department of Labor was scheduled to close Aug. 31. On the closing date, investors pay for the bonds and the ...

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