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Latest News

RiverBank posts quarterly loss, up for year

Brandenburg says he anticipates slow growth at least through next year
September 3, 2009
Kim Crompton
RiverBank, which opened here in 2006, posted an $80,000 second-quarter loss, after factoring in a $266,000 added provision for loan losses and a $65,000 Federal Deposit Insurance Corp. special assessment.Still, the bank had net earnings of the a
Read More

Churchill's files plans to rebuild steakhouse

Downtown restaurant plans $1 million rehab of fire-damaged quarters
September 3, 2009
Mike McLean
Churchill's Steakhouse, an upscale restaurant downtown that has been closed for more than a year due to fire damage, plans to reopen following an estimated $1 million interior reconstruction project, extensive plans filed with the city of Spokane &
Read More

Advanced Input adds to Cd'A plant

Company says $3 million addition will serve future 'opportunities for growth'
September 3, 2009
Mike McLean
Work is starting on a 54,000-square-foot, $3.3 million expansion at Advanced Input Systems' facility in Coeur d'Alene, according to building permit documents show.Al Yost, president of AIS, a wholly owned subsidiary of Bellevue, Wash.-based says
Read More
—Staff photo by David Cole

Doors for the ages

September 3, 2009
David Cole
Paul Carlsson didn't set out simply to make doors when he launched his latest business venture a decade ago. Rather, he aimed to create products that looked as if, though fresh from his shop, they had endured centuries—heavy, solid, and by the
Read More

Sterling's shareholders to meet soon

Spokane company seeks authorization to issue higher number of shares
September 3, 2009
Richard Ripley
Sterling Financial Corp. has scheduled a special meeting for shareholders here Sept. 21 to seek their approval of a new ceiling on the number of shares of common stock the company's board of directors can issue.The Spokane company, which owns is
Read More

Principal Financial plans move to Valley

Company to occupy 35,000-square-foot space at new River View Corporate Center
September 3, 2009
David Cole
Principal Financial Group Inc., the big Des Moines, Iowa-based financial-services company, says it plans to move its Spokane retirement services office from Rock Pointe Corporate Center north of downtown Spokane to Worthy Enterprises LLC's new in
Read More

Bike dealer here in flux amid tiff

Factory credit provider obtains restraining order against Shumate entities
September 3, 2009
Kim Crompton
The Shumate Harley-Davidson motorcycle dealership here has largely shut down amid financial problems that include a legal battle with a factory credit provider, but a Spokane attorney for the dealership says he is confident that it and two Inland a
Read More

Avista plans to add much wind power

Company says such plants will supply 350 megawatts of capacity within 13 years
September 3, 2009
Richard Ripley
Avista Utilities plans to build or acquire 150 megawatts of wind-powered generation by 2012 to take advantage of renewable-energy tax incentives, to diversify its resource mix, and to meet renewable-energy requirements.The Spokane company lays a
Read More

WinCo buys Cd'A parcel for new store

Discount grocery chain's outlet there would be its third to open in this area
September 3, 2009
Mike McLean
Boise-based discount grocery chain WinCo Foods LLC has bought 9 acres of vacant land in Coeur d'Alene and plans to build its third Spokane-Coeur d'Alene-area supermarket there, says the commercial real estate company that handled the real estate &
Read More
—Staff photo by Jeanne Gustafson

Raising money for the U-District

Combination of state, local taxes would raise $21.2 million
September 3, 2009
Jeanne Gustafson
When the Spokane City Council agreed recently to form a special tax-increment financing district, it set into motion possible use of a fresh new way to raise more than half of the $42 million in public improvements eyed for the University District
Read More
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