Although marijuana is now legal in a number of states, companies that sell it can’t use banks and credit unions to store funds. Banking association officials from all 50 states – including Idaho – are working to change that by ...
Read More »Bankers urge Crapo to hold marijuana banking bill hearings
Idaho financial institutions help furloughed federal employees 
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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Read More »The year in preview: Banking 
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
Read More »Banks open branches across state
New bank branches are popping up all over Idaho, with three banks opening locations outside the Treasure Valley. Citizens Community Bank is opening a new branch in Chubbuck, scheduled to be complete in mid-2019. “The location on Quinn Road had ...
Tagged with: Banks citizens community bank D.L. Evans Bank idaho bankers association trent wright washington trust bank
Read More »Will more Idaho banks merge? Maybe. 
While a change in banking law is expected to spawn more mergers and acquisitions, they aren’t likely to be more prevalent in Idaho – at least, because of that. Congress passed S.2155, the Economic Growth, Regulatory Relief and Consumer Protection ...
Tagged with: Banks first interstate bank idaho bankers association s.2155 trent wright
Read More »Idaho banks report a strong quarter
Idaho banks continue to do well, according to statistics from the Federal Deposit Insurance Corp. (FDIC) for the most recent quarter, which ended June 30. Total assets grew to $6.3 billion, an increase of 2 percent over the previous quarter, ...
Tagged with: Banks fdic idaho bankers association trent wright
Read More »Are banks closing branches or opening them? It depends 
Banks in Idaho and nationally are closing some branches but opening new ones as they adjust to changing consumer preferences. Nationally, a number of banks, such as KeyBank and Wells Fargo, are closing branches, typically to save money, sometimes after ...
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Read More »Banks help communities with philanthropy 
If you’ve ever been to the Idaho Shakespeare Festival, you know the person announcing the night’s performance and sponsors – typically producing artistic director Charles Fee – concludes with: “And our season sponsor, for the 20th consecutive year, is …” and the ...
Tagged with: Banks first interstate Idaho Community Foundation jpmorgan chase keybank Philanthropy us bank Zions Bank
Read More »States, feds debate taxing credit unions 
One of the distinctions between banks and credit unions is that credit unions are nonprofit, meaning they are exempt from some taxes. However, on both the federal and state level there is discussion about changing this. While there has not ...
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Read More »Umpqua Bank readies its move to Front Street and Capitol Boulevard 
Roseburg, Ore.,-based Umpqua Bank is moving its downtown Boise branch from Main Street to the longtime Bank of America building at Front Street and Capitol Boulevard. The new Umpqua location will open April 24 as the bank’s largest Idaho location ...
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