Idaho investment - News

First Bank of Idaho faces capital shortage - Idaho Mountain Express and Guide Idaho Mountain Express and Guide, ID - Apr 15, 2009 Idaho Mountain Express and GuideFirst Bank of Idaho faces capital shortageCovington said the bank has hired a Denver-based investment bank to assist in raising capital and expects to be sufficiently recapitalized by the deadline. He said the most likely method of recapitalization will be to raise money through private Sun Valley Bancorp and First Bank of Idaho Respond to Recent Federal agency orders bank to halt some loans and boost its assets

- Idaho Falls, Pocatello, Blackfoot - Idaho - KIDK KIDK, ID - Apr 15, 2009 - Idaho Falls, Pocatello, Blackfoot - IdahoAnd to help those caught in current problems the university is offering resume writing classes, job counseling, and access to a job database-an investment worth $250000. Fletcher said, "We believe that this is the kind of thing that we in higher

DJ !SMALL-CAP-NEWS/Premium Exploration Appointment. - Stock World Stock World, Germany - Apr 14, 2009 DJ !SMALL-CAP-NEWS/Premium Exploration Appointment.Premium's corporate strategy includes advancing two potential near-term production scenarios and a major exploration and development program along the Orogrande Shear Zone in Idaho. As a Geological Engineer, Mr. Struck brings 25 years of considerable

SEC Charges Colorado Adviser With Running Ponzi Scheme Wall Street Journal - Apr 08, 2009 Boston GlobeMerriman used his gains to buy classic cars, motorcycles, motor homes, a cabin in Idaho, and a fine-art collection including works by Rembrandt worth millions of dollars, the SEC said. He couldn't immediately be reached for comment. SEC alleges Denver-based mini-Madoff bought Rembrandts in Ponzi scheme Marshals seize art, vehicles in alleged Ponzi scheme SEC Charges Colorado Advisor For Conducting Multi-Million Dollar  -

E. Idaho transportation co-op concept attracts stimulus funds - Idaho Business Review Idaho Business Review, United States - Apr 13, 2009 E. Idaho transportation co-op concept attracts stimulus fundsIt requires substantial capital investment, Brown said. Expensive components include electronic devices to read tickets. This idea is to allow all people in the transportation business to come under a co-op umbrella, a “blended co-op” model,

First Bank of Idaho faces capital shortage - Idaho Mountain Express and Guide

15.04.09

Ketchum-based First Bank of Idaho announced Tuesday that low capital levels have resulted in an order from the U.S. Department of the Treasury to raise more money.

The bank voluntarily accepted the cease-and-desist order from the Office of Thrift Supervision, an agency of the Department of the Treasury that regulates federal savings associations. The agreement forestalls a potential order by the government to force the bank to merge with another bank or close its doors.

The order, which went into effect April 6, does not prevent the bank from operating. First Bank of Idaho CEO Everett Covington reassured customers that they should not worry about their deposits.

"We are an FDIC-insured institution and not concerned about failure," Covington said.

First Bank of Idaho is locally owned with branches in Ketchum, Hailey and Bellevue, and also operates under the name First Bank of the Tetons in Jackson, Wyo., and Victor and Driggs, Idaho. Covington said about 115 employees work in all its branches.

Source: Idaho Mountain Express and Guide, ID