Idaho Business Review IBR

Living up its name, the Bank of Idaho is having a “soft opening” of its first branch in downtown Boise, with its grand opening slated for March, after its remodel is finished. “We have temporary furniture,” said Jeff Newgard, president ...

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In response to the federal government furlough, a number of Idaho banks and credit unions are offering support to federal employees who need it, especially as the furlough hit the mid-January point where some employees no longer received paychecks. “The ...

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While Gov. Brad Little hasn’t announced his director of finance yet, it definitely won’t be Gavin Gee, who held the position under former Gov. C.L. “Butch” Otter. Gee celebrated his retirement Jan. 11. His last day was Jan. 15. “After ...

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What life will be like in Idaho’s banking industry in 2019 depends a lot on what the national and global economies do. December saw the stock market edging into bear territory, the bond market teasing the inverted yield curve typically presaging ...

Tagged with: Banks credit unions lynn heider mike crapo nwcua robert spendlove Wells Fargo

NEW YORK (AP) — Wells Fargo will pay $575 million in a settlement with attorneys general from all 50 states and the District of Columbia that are investigating fake accounts opened without the knowledge of customers and a string of ...

2018 was a pretty darn good year for banking. “Idaho-headquartered banks registered a strong increase in earnings, with a 39 basis point rise in the average return on assets ratio, compared with one year prior,” said Mary Hughes, deputy director ...

Tagged with: banking credit unions dave glaser department of finance first interstate bank lynn heider mary hughes mike crapo mofi nwcua

SACRAMENTO, Calif. (AP) — Insurance claims from last month’s California wildfires already are at $9 billion and expected to increase, the state’s insurance commissioner announced Wednesday. About $7 billion in claims are from the Camp Fire that destroyed the Northern ...

A new governor, legislators, and committee chairs will tackle a variety of tax issues in the upcoming legislative session, ranging from new tries at tax exemptions to cleaning up the more arcane conformity aspects of the 2017 Tax Cuts and ...

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A Northwest organization that lends money to help small businesses start has received a 33 percent increase in the amount of funding it receives from a Boise-based nonprofit. MoFi, a community development financial institution, has received $50,000 from Capital Matrix ...

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MINNEAPOLIS, MN – Three years ago Arlan Hamilton was homeless and on a good day had $12 in the bank. Today she is founder and managing partner of Los Angeles-based Backstage Capital, which has invested more than $5 million in ...