Idaho

Western Capital in Boise, Idaho, is expanding into neighboring Oregon with a deal to acquire the $104 million-asset Northwest Bank in Lake Oswego.

Nine months after it announced plans to raise up to $75 million issuing common and preferred shares to new and existing investors, Intermountain Community Bancorp in Sandpoint, Idaho, said Sunday that it now intends to raise no more than $59 million.

The bank said in a press release that it would use the proceeds to further strengthen its capital position, support growth strategies and for general corporate purposes.

For thrifts that have long harbored ambitions of converting to commercial banks, an upcoming regulatory merger is forcing hard decisions.

Home Federal Bancorp Inc. in Nampa, Idaho, is reorganizing, along with its thrift, into a state-chartered bank.

The Federal Reserve Board acted against three banks Tuesday. Bank of Whitman in Colfax, Wash., was hit with a prompt corrective action after the Fed found that the $722.2 million-asset bank was undercapitalized and failed to submit an acceptable capital restoration plan.

After flying under the radar for much of the recession, the Pacific Northwest has been hit with a string of failures — and more choppiness lies ahead.

The Federal Reserve is requiring Idaho Bancorp to submit a plan to maintain sufficient capital.

Intermountain Community Bancorp in Sandpoint, Idaho, said its third-quarter loss narrowed by 76% from the second quarter, to $2.7M, or 32 cents a share, as asset quality improved.

Intermountain Community Bancorp in Sandpoint, Idaho, said its third-quarter loss narrowed by 76% from the second quarter, to $2.7 million, or 32 cents a share, as asset quality improved.