The Federal Reserve Board on Monday gave West One Bank, Boise, permission merge with U.S. Bank of Idaho in Coeur D'Alene.
As wholly owned subsidiaries of U.S. Bancorp, Portland, Ore., West One and U.S. Bank will have a total deposits of $3.4 billion. This figure will represent 37.8% of total commercial banking deposits in Idaho.
Despite requests for a public hearing to discuss lawsuits filed against West One, the Fed approved the merger.
- Barbara A. Rehm and Phil Olaya. Mr. Olaya is an intern with the Institute on Political Journalism, a program of the Fund for American Studies.