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Latest News

Hecla shows rebound luster

CEO says Coeur dÂ’Alene precious-metals company is well-positioned to make most of strong market
February 26, 1997
Kim Crompton
What a difference a few years can make.Phillips S. Baker Jr. says he had some hesitation before becoming chief financial officer for then-struggling Hecla Mining Co. in the spring of 2001 because, There were certain questions in my mind as to
Read More

Lab here finds genetic edge

Signature GenomicÂ’s microarray DNA test unlocks secrets of human chromosomes
February 26, 1997
Rocky Wilson
A young Spokane business, Signature Genomic Laboratories LLC, has positioned itself on the leading edge of commercial genetic technology by employing a relatively new molecular technique to diagnose chromosome abnormalities in human patients.In
Read More

Fairfield bank plans loan office here

Operation slated to open in March, could employ five people by year-end
February 26, 1997
Linn Parish
Bank of Fairfield, which is based 30 miles south of Spokane, plans to open a lending office on the edge of downtown Spokane.The office will be located in about 2,700 square feet of office space on the third floor of the WCH Building, at 201 W.
Read More

One-woman business books $30 million a year in loans

‘Niche lender’ stabilizes financial difficulties with bridge, other loans
February 26, 1997
Rocky Wilson
A 6-year-old Millwood business called Commercial Lending Northwest Inc., which is owned and staffed by just one person, books an average of $30 million a year in loans. The company, which often serves businesses that are struggling to repay has
Read More

Check 21 debuts quietly for institutions here

Bankers foresee gradual phase-in of law allowing electronic check exchange
February 26, 1997
Kim Crompton
A sweeping and somewhat controversial new banking law, dubbed Check 21, thats intended to speed up check processing and reduce processing costs became effective three months ago, but has caused nary a stir here yet.Spokane-area financial
Read More

Assisted-living facility under way in Idaho

Hayden complex to cost $3.5 million, eventually to employ 40 people
February 26, 1997
Marc Stewart
A North Idaho company recently started work on the first phase of a planned assisted-living facility in Hayden, Idaho, called Wellspring Meadows.The first phase will include one of four buildings that each will house 15 residents, says Jim who
Read More

Nursing homes in state face financial challenge

Medicaid payments fall short of elderly care costs by $100 million in 2003
February 26, 1997
Rocky Wilson
Washington state reimbursed nursing homes $100 million less than what it cost them in 2003 to care for elderly Medicaid patients, who account for more than two-thirds of their residents, the nursing home industry claims.By reimbursing nursing a
Read More

Riverview plans $10 million expansion project

As many as 50 duplex units would be built on two blocks adjacent to current campus
February 26, 1997
Linn Parish
Riverview Retirement Community, of Spokane, is planning a $10 million expansion of its campus in East Spokane.Design work is under way on an independent-living complex there that will include between 20 and 25 duplex buildings, with a total of
Read More

From mom and pop store to appliance powerhouse

FredÂ’s ApplianceÂ’s revenues were $16.5 million last year; two Valley locations planned
February 26, 1997
Marc Stewart
John Amistoso understands that when it comes to the appliance business, its better to be the hunter than the hunted.The owner of Freds Appliance Inc., who also is an avid big-game hunter, has transformed a mom and pop operation into a that
Read More

Thor-Freya couplet set for spring

Spokane Rock submits $3.4 million low bid, well below original estimate
February 26, 1997
Rocky Wilson
Spokane Rock Products Inc. has submitted the low bid for what is now a $3.4 million project to convert a busy, eight-block stretch of Freya and Thor streets on either side of Interstate 90 into a one-way couplet. Work on the project is expected
Read More
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