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Financial Services

The value of relationship banking in rural Idaho (access required)

Community bankers tend to know their customers. For this reason, rural banks have fewer commercial loan defaults than those in cities, according to new research. “This is an old story in banking,” said Finance Professor Keith Harvey at Boise State ...

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Idaho bank to close four branches (access required)

Home Federal Bank, headquartered in Nampa, will close four offices in Oregon by the end of February. Two branches are located in Bend. The Grants Pass and Medford offices will also close. President and CEO Len E. Williams said by ...

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Idaho cities pay extra into pool insurance program

Nearly 40 Idaho cities are facing double-digit increases in health insurance premiums because a pool insurance program they joined earlier this year was hit with some unexpected early claims. Cities big and small joined the Idaho Independent Intergovernmental Authority program ...

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Profits soar at two largest mortgage lenders

Is the mortgage market really back? The country’s two biggest mortgage lenders, Wells Fargo and JPMorgan Chase, reported Oct. 12 that a surge in home lending pushed them to record profits. JPMorgan CEO Jamie Dimon declared that the housing market ...

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Mountain America Credit Union expands west to Boise (access required)

Mountain America Credit Union opened a Boise branch September 24.  The Boise office is its first in western Idaho and fifth in the state.  The West Jordan, Utah-based financial institution also opened branches in Idaho Falls, Pocatello and Chubbuck within ...

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Zions Bancorp repays remaining $700M on bailout

The Treasury Department says regional bank company Zions Bancorp has repaid the $700 million it still owed for the federal bailout it received in the financial crisis. Salt Lake City-based Zions was among hundreds of banks that received bailouts in ...

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Microloans are a savior for small business, a risk for lenders (access required)

Not all business loans need to be in the millions. While big-budget lending for blockbuster real estate and building projects gets the attention, many small businesses only require a few thousand dollars to buy a piece of equipment or bolster ...

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Getting a loan to open a franchise getting harder

When Rick Kimsey decided to start a business, a franchise seemed like the best way to go. Buying a franchise – in his case, a Doctors Express urgent care facility – meant he didn’t have to start from square one. ...

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Shareholders, regulators OK Western Capital Bank merger (access required)

Western Capital Bank in Boise and Northwest Bank near Portland, Ore., will legally merge on Aug. 15, with a full combination of operations under the Northwest Bank name in mid-November. Shareholders of both financial institutions approved the merger on Aug. ...

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