ACCESS Newswire
03 Aug 2022, 23:07 GMT+10
IDAHO FALLS, ID / ACCESSWIRE / August 3, 2022 / Bank of Idaho's expansion into eastern Washington is official, with closing documents on the acquisition of five HomeStreet Bank locations signed Friday, July 29.
In May, the eastern Idaho-based bank announced the purchase of locations in Yakima, Dayton, Sunnyside, Kennewick and Spokane.
Preparations for the handoff began immediately after the announcement, and progress was brisk, with the original target closing date of July 29 and conversion completion date of August 1 holding firm.
'We couldn't be happier with the transition,' said Bank of Idaho President and CEO Jeff Newgard. 'Staff members on both sides of this deal have been going the extra mile to make sure the customer experience is as seamless as possible.'
Customer impact will be further minimized because staff members at all five branches will continue work at their respective posts. Newgard said the acquisition was an appealing endeavor because eastern Washington is similar to Idaho in its 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 when the deal was announced. 'We jumped at the opportunity to serve people who understand and appreciate our community-first approach to banking. And as a result, our united footprint will mean stronger opportunities for everyone.'
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 Maryland Leader 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 Maryland Leader.
More InformationECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...