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Latest News

Wheatland Bank's earnings rise slightly, deposits jump

Loans slip 7.8 percent, but institution boosts capital; assets increase
March 24, 2011
Kim Crompton
Wheatland Bank, of Spokane, says it posted net income of just over $1.1 million last year, up about $92,000 from 2009, and had strong increases in deposits and assets, but a decline in loans, similar to what many other banks here M. Horton, CEO, of
Read More
—Photo by Chey Scott

Helping public-sector clients keep their books straight

Small software firm here markets product designed to meet state's standards
March 24, 2011
Chey Scott
Small cities and other local governments throughout Washington and parts of Oregon rely on software that's designed and sold by a relatively young Spokane company, BIAS Software Inc., to track daily management and financial operations. Company a
Read More

Numerica's net income rises dramatically in 2010

Credit union more than doubled earnings; loans, deposits, assets also grew
March 24, 2011
Chey Scott
Numerica Credit Union, of Spokane, says it more than doubled its earnings in 2010 compared with the year earlier, with increases in its deposits, loans, and assets.The credit union reported 2010 net income of $11.3 million, a 249 percent from it
Read More

STCU's net income leaps, loans increase 7 percent

Credit union averaged more than 1,000 new accounts a month in '10
March 24, 2011
Kim Crompton
Spokane Teachers Credit Union says it posted net income of $16.2 million in 2010, up nearly double from $9.1 million in 2009, and also had decent gains in loans and deposits, despite the continuing economic slump.The credit union—Spokane's
Read More
—Staff photo by Treva Lind

Retirement-planning tool created here

Vickerman & Driscoll seeks to assist clients with online "bucket" system for figuring needed income
March 24, 2011
Treva Lind
Spurred by the 2008 financial collapse, Spokane-based Vickerman & Driscoll Financial Advisors Inc. has developed a new retirement planning tool that breaks up post-employment income into a monthly spending plan instead of focusing on a lump-sum can
Read More

Financial companies lose trust

Study finds nearly half of those surveyed trust industry less than in '09
March 24, 2011
Despite a U.S. economic recovery from the depths of the financial crisis, nearly half of individual investors trusted financial-services companies less in 2010 than the previous year. Edelman's second annual Trust in U.S. Financial Services that
Read More
—Staff photo by Mike McLean

Community reinvested

Banks pursue lending targets despite declines in loan demand
March 24, 2011
Mike McLean
Though credit is tight and demand for loans is down, bankers here are looking for opportunities to ensure that they provide financial services fairly throughout their communities in accordance with the federal Community Reinvestment Act.The CRA
Read More

Antioxidants might cause fertility problems, study suggests

Though typically regarded as healthy, nutrients might interfere with ovulation
March 24, 2011
Typically viewed as healthy, antioxidants might have an unexpected side effect—they may cause fertility problems in women, suggests new research by Professor Nava Dekel and her team, of the Israel-based Weizmann Institute of Science's of a
Read More

Coffee linked to decreased risk of stroke in women

Long-term Swedish study shows health benefits for moderate java drinkers
March 24, 2011
Low or no coffee consumption was associated with an increased risk of stroke in a study of 34,670 women, ages 49 to 83, followed for an average just over 10 years. It's too soon to change coffee-drinking habits, but the study should ease the of is
Read More

All elderly women should get bone test, group says

Osteoporosis screening also recommended for women with risk factors
March 24, 2011
In an update to its 2002 recommendation, the U.S. Preventive Services Task Force now recommends that all women ages 65 and older be routinely screened for osteoporosis. The task force also recommends that younger women with increased risk for be
Read More
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