Bank of Idaho’s SBA Lending Program Continues to Dominate

Rhea-AI Summary

Bank of Idaho continues to lead the way in SBA lending, ranking as the top lender in the Boise District Office for the fourth quarter of 2021. The bank lent nearly $16 million, nearly a quarter of the district's total volume, demonstrating its commitment to supporting local small businesses. Established in 1985, Bank of Idaho has expanded to 10 locations and 4 mortgage offices statewide. Since its public trading debut in October 2019 under the symbol BOID, the bank focuses on enhancing community growth through its robust SBA lending initiatives.

Positive

• Ranked as the top lender for SBA loans in the Boise District Office, with nearly $16 million lent in Q4 2021.
• Demonstrated commitment to supporting local small businesses, vital to the bank's clientele.
• Established presence in Idaho since 1985 with 10 full-service locations and 4 mortgage offices.
• Stock for Bank of Idaho Holding Company trades publicly under BOID, enhancing visibility and growth potential.

Negative

• None.

IDAHO FALLS, ID / ACCESSWIRE / January 18, 2022 / Bank of Idaho's SBA lending department continues to top state rankings, and is posed once again as the leader in the Boise District Office's top dollar-lender of Small Business Administration loans.

"Our top rank is no accident," said Bank of Idaho Vice President and SBA Department Manager Tony Vahsholtz. "It's a sign of our commitment to Idaho's small business owners, who are also our friends and neighbors."

In the fourth quarter of 2021, Bank of Idaho has topped its in-state peers in dollars lent, with nearly $16 million on the books, nearly a quarter of the volume in the Boise District. SBA lending can be a crucial resource for small business owners, which are Bank of Idaho's key clientele.

"Our performance in the SBA field continues to impress me and inspire our entire staff," said bank President and CEO Jeff Newgard. "And the impact they've had on Idaho's small business community is just as impressive. I think it's safe to say that we've established ourselves as Idaho's go-to bank for SBA borrowers."

Bank of Idaho has been a financial fixture in the eastern Idaho community since 1985, when the original location opened in downtown Idaho Falls on the corner of Capital and B Street. Later expanding to include 10 full-service locations, and 4 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 always a first priority, Bank of Idaho focuses on small businesses and is a leader in SBA lending.

To learn more about Bank of Idaho's SBA offerings, go to bankofidaho.com/sba-loans.

Contact:
Tyler Kraupp
Phone: 1.208.390.0667
tylerkraupp@bankofidaho.net

SOURCE: Bank Of Idaho Holding Co

View source version on accesswire.com:
https://www.accesswire.com/684453/Bank-of-Idahos-SBA-Lending-Program-Continues-to-Dominate

FAQ

What is the significance of Bank of Idaho's SBA lending performance?

Bank of Idaho ranked as the top lender in the Boise District Office, showcasing its commitment to supporting local small businesses.

How much did Bank of Idaho lend in SBA loans during Q4 2021?

Bank of Idaho lent nearly $16 million in SBA loans in Q4 2021.

When did Bank of Idaho start trading on the stock market under the symbol BOID?

Bank of Idaho began trading publicly under the symbol BOID in October 2019.

How long has Bank of Idaho been in operation?

Bank of Idaho has been a financial institution since its establishment in 1985.

What services does Bank of Idaho offer for small businesses?

Bank of Idaho focuses on SBA lending, providing crucial financial resources for small business owners.