ACCESS Newswire
12 May 2022, 22:31 GMT+10
IDAHO FALLS, ID / ACCESSWIRE / May 12, 2022 / Bank of Idaho on May 11 expanded its regional footprint into Eastern Washington, striking a deal to transition five HomeStreet Bank branches into Bank of Idaho. On the heels of that acquisition, Bank of Idaho is bringing on three experienced officers to open a loan production office in Pasco, Washington.
'We're delighted to get the opportunity to work with the professionals who make up these branches and become a part of their communities,' Bank of Idaho President and CEO Jeff Newgard said. 'We can't wait to show the people of Eastern Washington how much heart Bank of Idaho has to offer through our integrity, our courtesy and our unwavering support for the entrepreneurial spirit.'
Bank of Idaho is a community bank with 10 branches across southern Idaho, five mortgage production offices and now five branches in Eastern Washington.
The new Loan Production team is made up of Brad Bartley, Sam McKinnis, and Julie Killian who share more than 70+ years of experience in originating agricultural and commercial loans for the people of Eastern Washington, which aligns perfectly with Bank of Idaho's passionate support and expertise of small businesses and agricultural loans.
'We are incredibly fortunate to move under the umbrella of Bank of Idaho, an institution with an unflinching commitment toward small business and the communities in which they thrive,' Brad Bartley said 'With their support, we are looking forward to facilitating the needs of our business community for years to come.'
The successful acquisitions of the branches and the loan production office kick off a complete banking ecosystem in Eastern Washington. Customers will continue banking with the same friends and neighbors they have come to know at each branch, with both Bank of Idaho and HomeStreet dedicated to ensuring a smooth and easy transition.
When the deals officially close, it will mark the first time Bank of Idaho has increased its footprint beyond the borders of Idaho.
Newgard said the acquisition was appealing because the regions were so similar in their support for agriculture, local business and small-town sensibility.
'The people of Idaho and the people of Eastern Washington are connected by our values and our way of life,' Newgard said. 'We jumped at the opportunity to serve a population who understands and appreciates our community-first approach to banking. And as a result, our united footprint will mean stronger opportunities for everyone.'
Once approved, the banks are scheduled to finish transitioning to Bank of Idaho branches by August 1. The loan production office is already open for business.
About Bank of Idaho
For 37 years, Bank of Idaho has been a financial fixture in the eastern Idaho community since the original location opened in downtown Idaho Falls, and where headquarters are still located today. Later expanding to include now 11 full-service locations, and 5 mortgage offices across the state. Stock for the Bank of Idaho Holding Company opened to public trading on the OTC-QX market under the symbol BOID October 2019. With community growth their first priority, Bank of Idaho focuses on small businesses, and is Idaho's leader in SBA lending. For more information, visit www.bankofidaho.com.
Contact: Tyler Kraupp
Phone: 208.390.0667
[email protected]
SOURCE: Bank Of Idaho Holding Co
Get a daily dose of Nashville Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nashville Herald.
More InformationWASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
GENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
SAN FRANCISCO, California: Grammarly is doubling down on AI-powered productivity tools with the acquisition of Superhuman, a sleek...
NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...