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Idaho First Bank raises $9.5M in capital

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Idaho First Bank raises $9.5M in capital

Idaho First Bank on Jan. 3 said it raised $9.5 million in capital.

The McCall, Idaho-based bank plans to use the capital for its market expansion plans and to increase its legal lending limit to support loan growth opportunities in southwest Idaho.

JWTT Inc. assisted in placing a portion of the new capital. Nelson Mullins Riley and Scarborough LLP served as legal counsel to the placement agent.