Idaho
Idaho Trust acquires division of Bank of Idaho
Key Highlights
- Idaho Trust Company acquires Bank of Idaho’s Trust and Wealth Division.
- Expansion into eastern Idaho aligns with Idaho Trust’s growth strategy.
- Clients gain enhanced financial solutions and personalized services.
- Acquisition expected to close in the first quarter of 2025.
A Boise-based trust and wealth management services company is expanding its footprint in the industry.
Idaho Trust Company announced on Jan. 6 that it had entered into an agreement with Bank of Idaho to acquire the latter company’s Trust and Wealth Management Division. The acquisition will expand Idaho Trust into eastern Idaho.
Idaho Trust stated that the move will help it expand its footprint in the trust and wealth management sector, “aligning with the organization’s growth strategy and commitment to delivering custom trust and wealth management services to individuals, families and businesses, the acquisition ensures Bank of Idaho Trust and Wealth Management clients will benefit from expanded service offerings, ensuring a seamless transition and wider array of financial solutions.”
Thomas Prohaska, chairman and president of Idaho Trust called the acquisition an “exciting opportunity,” that will allow his company to reach a new group of clients.
“We are honored to welcome the new team and their clients into our family and are committed to providing them with the tailored solutions, enhanced resources and the personalized service they are accustomed to,” he said.
The acquisition will also allow Bank of Idaho to focus on its commercial and personal banking products and services.
“Our priority has always been to provide our customers with the best possible financial solutions,” said Jeff Newgard, chairman, president and CEO of Bank of Idaho. “By transitioning our Trust and Wealth Management Division to Idaho Trust, we are confident our clients will benefit from an expanded suite of services and the exceptional expertise of a team widely recognized for their dedication to trust and wealth management. We deeply appreciate the trust our clients have placed in us and are committed to supporting them through this transition.”
Bank of Idaho clients are being informed of the acquisition and transition process, and it is expected to close the first quarter of 2025.
BLACKFOOT — A large contingent of Blackfoot Police officers has cordoned off an area near the Taco Bell on Parkway Drive in Blackfoot.
Police responded around 5 p.m., according to multiple witnesses who contacted EastIdahoNews.com.
EastIdahoNews.com has reached out to Blackfoot Police for details.
We will update this story as we learn more.
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MISSOULA, Mont. — An Idaho Falls angler is back in the Idaho record books after landing a record-setting lake trout at Payette Lake.
Idaho Fish and Game said Dylan Smith caught and released a 43.25-inch lake trout on May 2, setting a new state catch-and-release record for the species. The fish surpassed the previous record of 42 inches.
The catch marks Smith’s second appearance in Idaho’s record books. He previously held the state catch-and-release lake trout record after landing a trophy fish in 2018 before that mark was later broken.
According to Fish and Game, Payette Lake has become one of Idaho’s premier lake trout fisheries thanks to years of management efforts aimed at improving both lake trout and kokanee populations.
Pride Month looks different this June along Boise’s Harrison Boulevard, where a long-standing tradition of hanging Pride flags on lamp posts has been put on hold after a new state law restricted which flags can be flown on government property.
For several years, Pride flags lined lamp posts along Harrison Boulevard in Boise’s North End neighborhood. But Idaho House Bill 561, signed by Gov. Brad Little in March, restricts which flags can be flown on government property, including the City of Boise’s Harrison lamp posts.
In response, a group of neighbors formed Pride North End and launched a distribution effort to help residents show support from their own front yards. The group has been making Pride flags and yard signs available to people who want to display them at home.
“I thought that I would…be a personal example of ‘yes, this is what I do.’ This is what I believe in,” said Edna Schochat, a North End resident.
Pride North End has already distributed more than 900-yard signs and 250 flags. The group’s original donation goal was around $2,000 to order 100 flags and 200 yard signs, but it has exceeded that GoFundMe goal, reaching $10,000 worth of donations.
The group plans to continue holding public flag and sign distributions through the end of the month.
“We cannot just say something without doing something that proves that we mean what we say,” Schochat said.
Pride North End said any leftover funds after materials are distributed will go to local LGBTQ+ nonprofits. A link to the group’s GoFundMe can be found here.
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