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Latest News

Employers can affect 401(k) fees

Third-party administrators track regulations, keep contracts, records
February 26, 1997
Rocky Wilson
Though a federal investigation into 401(k) plan administration nationally could end up helping the 900-plus employers here that offer such plans, industry sources say employers might see more impact simply by making careful choices when setting up
Read More

On the rebound: North Coast Life has record year

Spokane-based company posted big gains in annuity sales, income, assets in Â’04
February 26, 1997
Kim Crompton
Straining under the effects of the national recession, Spokane-based North Coast Life Insurance Co. suspended quarterly dividend payments on its preferred stock indefinitely two years ago.It expects to restore those dividends at the end of this
Read More

Wash. Trust adds to profit during 2004

BankÂ’s net tops $29 million; assets, loans, deposits jump
February 26, 1997
Richard Ripley
Washington Trust Bank has posted net income of $29.3 million for 2004, up 15.1 percent from $25.5 million in the previous year.The Spokane-based banks assets grew to $2.5 billion in 2004, up 12.3 percent, and it also reported substantial in a
Read More

Action Mortgage looks to grow where parent company isnÂ’t

Spokane-based subsidiary of Sterling Savings Bank is entering sixth state
February 26, 1997
Rocky Wilson
Action Mortgage Co. the real estate lending subsidiary of Spokane-based Sterling Savings Bank, has ridden Sterlings rapid growthlast year making $1.16 billion in loansand now is looking to expand in areas its parent doesnt in 1987, Action I
Read More

Loan, deposit growth surges in Kootenai County

Bankers say competition also increases between institutions in the market
February 26, 1997
Linn Parish
If population surges and a hot real estate market werent proof enough, banking activityspecifically sharply rising loans and depositsprovide further evidence of rapid economic growth in Kootenai County. Three Coeur dAlene-based banks in
Read More

GSA seeks CdÂ’A sites for court

Developers asked to submit proposed locations, maps; Jan. 1 occupancy desired
February 26, 1997
Marc Stewart
The location of a planned new federal courthouse in Coeur dAlene has been a matter of keen interest in the community, and developers were scheduled to give the U.S. General Services Administration some proposed sites earlier this were to have to
Read More

Work to start in March on next phase of freeway

$10 million bid awarded to do grading, excavation on North Spokane Corridor
February 26, 1997
Rocky Wilson
KLB Construction Inc., of Lynnwood, Wash., has been awarded a $10 million contract to do earth-moving and grading work in the third construction job on the North Spokane Corridor project, which is also known as the north-south freeway.The work
Read More

Coeur dÂ’Alene distributor to build new warehouse

Centennial Distributing to expand to 36 workers after its move to Hayden
February 26, 1997
Rocky Wilson
Centennial Distributing Inc., a Coeur dAlene distributor of Anheuser Busch beverages for five North Idaho counties, plans to build a 50,000-square-foot warehouse in Hayden to replace its current 20,000-square-foot facility at 500 W. a contractor
Read More

Office building goes up

$1.8 million structure is set to be completed this spring near Whitman bank branch
February 26, 1997
Linn Parish
Granite Investments LLC, a company headed by Spokane developer Dick Vandervert, is building a $1.8 million office building in the Pacific Northwest Technology Park, on the West Plains.The 17,000-square-foot, single-story structure is being just
Read More

Parts distributor here sets new plant in China

Wintech Inc. also plans to move Spokane Valley quarters to larger building
February 26, 1997
Rocky Wilson
Wintech Inc., a Spokane Valley importer of metal parts for the pharmaceutical, food and beverage, chemical, and irrigation industries, plans to move its warehouse in the Spokane Business & Industrial Park to a different facility there and also this
Read More
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