Mountain West Gets New Charter

Fri., July 2, 1999

From Staff

Mountain West Bank has received approval to convert from a federal savings bank to a state-chartered commercial bank.

The change, announced Thursday, will allow Mountain West to expand its commercial loans. Shareholders have already approved the change.

An Idaho commercial bank charter is a better match for the bank at this point, said President Jon Hippler.

The bank was chartered as a federal thrift in 1993, but that charter limited how much of the bank’s assets can be in commercial loans.

Mountain West reported $81 million in assets as of March 31.

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Mountain West Gets New Charter

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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