Idaho Independent Bank invests $25,000 in NIC CTE Facility


Pictured at the Idaho Independent Bank in Coeur d’Alene are, from left: Toni Capaul, IIB Vice President/Branch Manager; Rayelle Anderson, NIC Foundation Executive Director; NIC President Joe Dunlap; and IIB Chairman and CEO Jack Gustavel.

Idaho Independent Bank’s $25,000 contribution to the North Idaho College Foundation will provide necessary equipment for expansion of programs in NIC’s new Career and Technical Education (CTE) Facility.

“We’re a relationship bank, we’re committed to the community, and this is a continuation of our longstanding great relationship,” said Jack Gustavel, chairman and CEO of Idaho Independent Bank.

Gustavel was a founding member of the NIC Foundation Board of Directors in 1977. He served as NIC Foundation president from 1985 to 1992 and currently serves as an honorary board member. Gustavel said one of the first questions businesses ask when they are interested in locating to the area is whether there is a trained workforce in place. The CTE Facility is designed to do just that.

“It’s such as important part of Coeur d’Alene, North Idaho, and the region, we want to be a part of that,” Gustavel said. “When the community grows, we grow.”

Construction on the 110,960-square-foot CTE facility at 7064 W. Lancaster Road in Rathdrum (next to Kootenai Technical Education Campus) is projected to finish in time for fall 2016 classes. The CTE facility is being built with $15 million from college capital funds coupled with donations secured through the “Building the Future” capital campaign, which will fund necessary equipment to expand CTE programs at the new location and enhance student scholarship support for CTE students who might not otherwise have the resources to pursue a career in the trades.  The goal of the campaign is $5 million and over $2.7 million has already been secured.

“Not only is it going to train the workforce for North Idaho, but for the whole region. We’re excited to be participating in the project,” said Shannon Stoeger, senior vice president and branch administrator for Idaho Independent Bank. “It’s the perfect fit for us.”

Gustavel said the bank and college share a unique relationship with the community.

“We’re headquartered here. Just like NIC, this is our home,” he said. “For all of us, having a diversified workforce contributes to a stable, well-rounded community.”

To learn more about how to support the Building the Future campaign, contact the North Idaho College Foundation at (208) 769-5978 or, or, visit


Posted: Thursday, April 21, 2016

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