Nov. 9 / Voters elect Condon, reject propositions

City of Spokane mayoral challenger David Condon received 52 percent of the vote to defeat incumbent Mary Verner. Among other results, the City of Spokane Valley's Proposition 1, which would have changed a portion of the Sprague-Appleway couplet back to two-way streets in Spokane Valley, was rejected by 83 percent of voters. Spokane County Measure No. 1, which proposed building a new animal shelter, was rejected by 56 percent of voters.

Nov. 8 / INB reports quarterly loss

Northwest Bancorp., the Spokane-based parent of Inland Northwest Bank, posted a third-quarter net loss of $659,000, or 21 cents a diluted share, compared with net income of $358,000, or 12 cents a share, in the year-earlier period. Company President and CEO Randall Fewel says the loss in the most recent quarter was due to the bank's decision to put $2.5 million in its loan-loss reserve after it hadonelarge loan "takea significant turn for the worse." The company's core deposits, checking and savings accounts, and revenues all increased.

Nov. 8 / Hecla's earnings rise sharply

Hecla Mining Co., of Coeur d'Alene, reported third-quarter net income of $55.8 million, or 19 cents a diluted share, up substantially from $16.4million, or 6 cents a share, in the year-earlier period. Hecla President and CEO Phillips S. Baker said the company is in the strongest financial position and has the strongest asset base in its history, and that it expects to increase production by 50 percent during the next five years.

Nov. 7 / Cd'A Mines posts jump in net

Coeur d'Alene Mines Corp. reported third-quarter net income of $31.1 million, or 35 cents a diluted share, up sharply from a net loss of $22.6 million, or 25 cents a share, in the year-earlier period. For the quarter, the company said it had a record $343.6 million in net metal sales, which was190 percent higher thanthe year-earlier quarter.

Nov. 7 / Sterling to buy Vancouver bank

Sterling Financial Inc., of Spokane, announced that Sterling Savings Bank has agreed to buy First Independent Bank, of Vancouver, Wash. First Independent has 14 branches and offices in the Vancouver-Portland area, and as of Sept. 30, it had $792 million in assets. The transaction is expected to be completed in early 2012.

Nov. 3 / Horizon CU plans merger

Spokane Valley-based Horizon Credit Union's board of directors approved a merger with Missoula, Mont.-based Montana First Credit Union. Final regulatory approval and membership approval are anticipated to occur later this fall. Once the merger is complete, the credit union will have a total of 18 branches in Washington, Idaho, and Montana.

Nov. 3 / Red Lion posts loss, buys hotel

Red Lion Hotels Corp., of Spokane, reported a third-quarter net loss of $129,000, or 1 cent a diluted share, compared with net income of $3.2 million, or 17 cents a share, in the year-earlier period. The company said its total revenue for the quarter was $46.2 million, down from $49.8 million in the year-earlier period, but its revenue per available room (RevPAR) increased 3.5 percent in quarter-to-quarter comparisons. Separately, Red Lion paid $37 million to buy 10 hotel properties it formerly leased.

Nov. 2 / Avista's quarterly net dips

Avista Corp., of Spokane, reported third-quarter net income of $10.7 million, or 18 cents a diluted share, compared with $12.3 million, or 22 cents a share, in the year-earlier period. For the first three quarters of 2011, Avista hadnet income of $75.6 million, or $1.30 a share, up from $66.7 million, or $1.20 a share, in the year-earlier period.