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Financial Services

‘A ripple-effect’ of housing challenges — mortgage rates and real estate trends  (access required)

Low housing inventory, climbing home prices and a shortage of workers and supplies are just a few not-so-secret challenges facing stakeholders in the mortgage lending and residential real estate industries statewide, so, Idaho Business Review asked five industry stakeholders to ...

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Federal programs continue helping Idaho small businesses  (access required)

Federal funding from the Small Business Administration (SBA), some of which was administered by banks and other financial institutions, has helped Idaho small businesses weather the economic disruption caused by the COVID-19 pandemic. Paycheck Protection Program The main program, which ...

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Vacasa to go public in SPAC financing deal  (access required)

Vacasa, a vacation rental company headquartered in Boise and Portland, announced on July 29 it was going public with a $400 million transaction, partnering with TPG Pace Solutions. That gives it a valuation of $4.5 billion, with $485 million for growth and technology investments. “Vacation rentals were cast into ...

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Banking experts warn of increasing inflation, show optimism for stocks (access required)

The bad news is that inflation is increasing even faster than expected, but the good news is that investment markets don’t seem to care much. That’s according to two Zions Bank economists, who gave a mid-year economic outlook on July 14. “There’s ...

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ITD saves $41 million in bond refinancing (access required)

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Refinancing existing debt in the wake of the COVID-19-fueled interest rate crash of 2020 turned into a bonanza for property owners in the nine months that followed. It also created savings for municipalities, counties and taxing entities in Idaho. Now ...

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Zions Bank adds two staff members

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Anne Wickersham has been named manager of Zions Bank’s Fruitland branch at 909 NW 16th St., Suite B., where she is responsible for business development, customer service, community outreach and overall management of the branch and its staff. She most ...

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Your guide to Boise small business pandemic (re)hiring

When COVID-19 hit, nearly half of small businesses had to furlough or lay off staff members. But as the economy reopens in Boise and businesses rebuild, you may be ready to hire or rehire. Deciding how to staff your business ...

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Lost Rivers finds $409,000 in bond savings (access required)

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Brad Huerta may have been the happiest man in Idaho when he got off the phone with the Idaho Bond Banking Authority (IBBA). Huerta, CEO of the Lost Rivers Medical Center (LRMC) in Arco, finalized refinancing the hospital’s bonded debt ...

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Micron gets credit to improve its sustainability (access required)

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Micron Technology Inc. is taking advantage of a program sponsored by a French bank to refinance credit facilities to improve the Boise-based company’s sustainability. The company recently announced the successful closing of nearly $3.7 billion inaugural sustainability-linked credit facilities. The ...

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Zions Bank launches speaker series focused on inclusivity (access required)

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The Zions Community Speaker Series, focused on inclusivity, launched its first event on June 22 with a focus on Pride Month. The virtual event featured a variety of panelists who reflected on the significance of Pride Month and the progress ...

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