Category Archives: Economy


Pros and Cons of the Federal Reserve’s Announcement to Raise Interest Rates

During the past few years as the U.S. economy slowly recovered from the Great Recession, the Federal Reserve used its economic policy-making influence to keep its target interest rate low – near zero since about 2009 – to help the … Continue reading

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University of Utah Study Shows How Utah Community Bank Survived and Thrived During Great Recession

Bank of American Fork Strategy Kept Bank Profitable Benefiting its Community Case Study Wins First Place in CSBS Competition – Will Be Presented at Community Bank Research and Policy Conference During the Great Recession of 2008 to 2011, Bank of … Continue reading

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Good news for business owners looking to grow

Guest post by Richard Gray A bill was approved a few weeks ago on July 28 to increase the loan limits for the Small Business Administration 7(a) loan program for the fiscal year. The program authorization ceiling was increased to … Continue reading

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Why was Utah just named #1 Best Economic Outlook for 2015?

Utah recently earned the top spot for states with the best economic outlook, according to the new edition of Rich States, Poor States released by the American Legislative Exchange Council.  http://www.alec.org/publications/rich-states-poor-states/   This economic outlook is meant to be a … Continue reading

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Medical professionals: A line of credit to ease cash-flow issues

You play an essential role in the health of your patients. Isn’t it time your financial institution did the same for you? Managing your business requires proper financing and Bank of American Fork may be able to help. Many medical … Continue reading

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Event: Solar power at home and work

The new Utah gold rush A perfect storm is brewing for solar energy in Utah. The installed cost of photovoltaic, or PV, solar panels continues to decline, and Rocky Mountain Power projects significant rate increases throughout the coming decade. With … Continue reading

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Event: Utah economic update

What are the current housing and employment conditions in Utah? What is the outlook for the Utah economy in 2014? On November 14, Bank of American Fork and Jim Wood, director of the Bureau of Economic and Business Research, University … Continue reading

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First bank merger in Utah since 2008 recession

People’s Utah Bancorp and Lewiston Bancorp merger closes People’s Utah Bancorp and Lewiston Bancorp have merged their holding companies—the first bank merger in Utah since before the 2008 recession. The merger closed today, October 18, following approval by regulatory agencies, … Continue reading

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Frugal Shopper: Knowing when to buy bulk food is as easy as 1, 2, 3

Our new series, Frugal Shopper with Rachel Turner, brings you tips for paying less and getting more at the grocery store. You know you don’t have the time to go to 37 different grocery stores to find the best price … Continue reading

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Frugal Shopper: If I buy store brand, am I sacrificing quality?

Our new series, Frugal Shopper with Rachel Turner, brings you tips for paying less and getting more at the grocery store. You know you don’t have the time to go to 37 different grocery stores to find the best price … Continue reading

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