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Latest News

Two credit unions here are absorbed

Numerica, CdÂ’A Teachers merge; Columbia Lighting, Inland Empire Trades unite
February 26, 1997
Sandra Hosking
A pair of mergers has left the Spokane-Coeur dAlene area with two fewer credit unions.Numerica Credit Union, one of Spokanes largest credit unions, has absorbed the 3,000-member Coeur dAlene Teachers Credit Union. Also, two of Spokanes
Read More

New AmericanWest CEO coaches bank basics

Industry veteran emphasizes credit quality, starts training, marketing efforts
February 26, 1997
Linn Parish
Robert Daugherty had been offered the top post at California Savings Bank and was house-hunting in San Francisco earlier this year when he got a call about the president and CEO posts at Spokane-based AmericanWest Bancorp.Soon thereafter, he at
Read More

Most banks, grocers retain strong relationships

Still, Washington Trust, AmericanWest Bank opt out of in-store branching scene
February 26, 1997
Rocky Wilson
Roughly two decades after the first in-store bank branch opened here, the banking strategy of putting branch offices inside grocery stores remains strong in the Spokane market, say those in the banking industry.Its a symbiotic relationship to
Read More

West Plains business group mulls disbanding

Association there wants to avoid duplicating work of chambers of commerce
February 26, 1997
Kim Crompton
The West Plains Business Association is considering disbanding at the end of this year to stop duplicating the efforts of the West Plains Chamber of Commerce and Spokane Regional Chamber of Commerce.A recommendation to that effect by the board
Read More

STA plans South Hill park-ride lot

Work to start next month on $1.25 million facility on Southeast Boulevard
February 26, 1997
Linn Parish
The Spokane Transit Authority hopes to start construction next month of a $1.25 million park-and-ride facility on Spokanes South Hill.The lot, which would provide space for bus riders to park their cars while they take STA buses to downtown a
Read More

Laser manufacturer eyes future markets

Paradigm Lasers plans expansion, production of light-beam systems
February 26, 1997
Marc Stewart
Paradigm Lasers Inc., a small Spokane Valley laser-systems designer and manufacturer, says it is developing several new commercial lasers and hopes to start producing some of them next year. The company, which moved here from East Rochester, in
Read More

Wages grow here, yet trail state, U.S. widely

Average wage rose faster than in King County, but weekly gap still was $342
February 26, 1997
Kim Crompton
Spokane Countys average weekly wage grew faster than King Countys in the first quarter of this year2.6 percent to 2.2 percent, compared with the year-earlier quarterbut that wasnt much to boast about, judging by the latest data released a
Read More

Foundry lays off workers

Concern formerly known as Inland Foundry sold its sales operation in April
February 26, 1997
Rocky Wilson
A longtime Mead foundry has laid off about half its employees after its only customer, a Michigan company that bought the foundrys name and sales operation in April and locked up all of its production, cut back on its orders.The foundry, long
Read More

Brokerage downgrades Sterling, Banner shares

D.A. Davidson asserts rising rates might hurt bank stock performance
February 26, 1997
Richard Ripley
D.A. Davidson & Co. has downgraded the shares of Sterling Financial Corp., of Spokane, and Walla Walla, Wash.-based Banner Corp., which operates bank branches here, partly on the belief that rising interest rates could hurt bank stocks Davidson, a
Read More

InCyte Pathology plans new building in Valley

Spokane-based company hopes to move operation to Mirabeau by end of 2005
February 26, 1997
Kim Crompton
InCyte Pathology Inc., a longtime pathology practice and laboratory here, plans to develop and move into a new building at Mirabeau Point in Spokane Valley, says Terri Montano, its chief operating officer.Montano says the company plans to a on
Read More
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