Movers & Shakers

Garcia earns internationally recognized designation for performance in luxury real estate

Michelle Garcia, Realtor with Windermere Coeur d’Alene Realty and founder of Lake CDA Real Estate, recently earned The Institute for Luxury Home Marketing’s Million Dollar GUILD recognition for experience, knowledge, and expertise in million-dollar and above residential properties. Garcia is a Certified Luxury Home Marketing Specialist (CLHMS), an exclusive group of real estate professionals who have completed The Institute’s training and have a proven performance in the upper-tier market.

“Agents who have earned the CLHMS designation are performing at the highest level in their community,” said Diane Hartley, president of The Institute. “It takes a superior level of service to be successful and consistently close sales at or above one million dollars. We want to recognize this performance and give these elite professionals the earned distinction that they are the agent of choice for affluent buyers and sellers.”

The specialized training and ongoing membership with The Institute provide Garcia with the knowledge and tools to better serve affluent clients. The GUILD recognition provides evidence of the successful commitment to service at the highest level.

“The aim for my entire team is always to provide 5-Star service every step of the way,” Garcia said.

In addition to being a certified Luxury Home Marketing Specialist GUILD™ member, Garcia is a certified e-Pro Digital Marketing Specialist, a Resort and Second Home Property Specialist (RSPS), Real Estate Negotiation Expert (RENE), Pricing Strategy Advisor (PSA), and is a licensed broker in the state of Florida.

For more information about the luxury market in North Idaho, contact Michelle Garcia with Windermere Coeur d’Alene Realty at 208-699-5350 or michellegarcia@windermere.com.

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Coeur d’Alene Bankcorp completes private placement of $5M of subordinated notes

Coeur d’Alene Bancorp, the parent company of bankcda, today announced the completion of its private placement of $5 million of 10 year fixed-to-floating rate subordinated notes due in 2031. The notes bear a fixed rate of 4.5% for the first five years payable semi-annually in arears. Upon conversion to a floating rate the interest rate will adjust quarterly to three-month SOFR plus 389 basis points for the remaining five years. In the event three-month SOFR is less than zero it will be deemed to be zero. The company may redeem the Notes in whole or in part, on any interest payment date on or after June 17, 2026.

The company intends to use the proceeds from the offering for general corporate purposes.

“We have experienced exceptional growth over the past 24 months and this additional capital will allow us to continue to grow and meet the needs of the communities we serve. The addition of capital will also allow us to increase our legal lending limit by $850,000 allowing us to make loans to a single borrow of $4.9 million,” said Wes Veach, Chief Executive Officer.

Coeur d’Alene Bancorp, parent company of bankcda, is headquartered in Coeur d’Alene with branches in Coeur d’Alene, Hayden, Post Falls and Kellogg.

For more information, visit www.bankcda.com or contact Wes Veach at 208-415-5006.

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