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Latest News

Sterling picks Qwest for its data-hosting

June 4, 2009
Qwest Communications International Inc., of Denver, says Spokane-based Sterling Savings Bank has agreed to reinforce its network disaster recovery capabilities with data hosting space in Qwest's data center in Seattle. Under a three-year and are
Read More

Undeterred by loss, Numerica reports strong loan growth

Credit union shows gains in home-loan refinancing, targets small-business loans
June 4, 2009
Mike McLean
Despite enduring its first quarterly loss in at least two decades in 2009, Numerica Credit Union has experienced strong growth in loans, deposits, and total assets, says Jennifer Lehn, the Spokane Valley-based credit union's executive vice reported
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Horizon offers online financial software

June 4, 2009
Horizon Credit Union, of Spokane, says it has teamed up with Digital Insight, a unit of big software maker Intuit Inc., to provide customers with online financial management software.Called FinanceWorks, the Quicken-based software helps manage a
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—Staff photo by Jeanne Gustafson

Watchful eye can deter, derail fraud

Financial crimes against businesses are more rampant during recession, but relatively easy to spot
June 4, 2009
Jeanne Gustafson
Fraud against businesses is costly and grows more rampant during a recession, national research reports say. Still, though the signs usually are easy to spot, oftentimes the crime isn't caught until significant financial damage has been done, fraud
Read More

Credit unions facing next wave of crisis

State's biggest institution reports largest loss ever; capital-level fears emerge
June 4, 2009
Kirsten Grind
Washington credit unions, once seemingly sheltered from the financial crisis, now are facing one of the biggest challenges to their health since they were formed in the wake of the Great Depression.As a result of a trio of problems, stemming the
Read More
—Staff photo by David Cole

Refinance surge kept lenders hopping

Golf Savings hired more than 100 employees, though swell might now ebb
June 4, 2009
David Cole
A home-mortgage refinancing surge that began in December has caused banks and credit unions here to scramble to meet demand from consumers who want to take advantage of historically low interest rates, though there are signs now that the surge be a
Read More

Small Business Watch: June 4, 2009

June 4, 2009
Lounge expands into former Prago space The Lion's Lair bar, located in an about 1,400-square-foot space at 205 W. Riverside, has leased the similarly-sized adjacent space that formerly housed Prago Argentine Caf, and is using it to
Read More

Using public speaking to deliver messages that resonate

For maximum impact in these hard times, focus on 'transferable concepts'
June 4, 2009
Sales & Marketing
Jeffrey, I'm a reporter with the Peoria Journal Star in Peoria, Ill. I'm working on a story on how the down economy is affecting motivational speakers. More business? Less? Do the times dictate a change in tone or approach? Here is my of my tell
Read More

Real Estate Roundup

June 4, 2009
Mike McLean
BHW1 LLC, a Spokane advertising agency, has leased 4,500 square feet of floor space in the Fidelity Building, at 522 W. Riverside, and has moved there from 19 W. Pacific. Earl Engle, of NAI Black, handled the transaction.KMS Inc., doing as a
Read More

Spokane concern submits low bid for South Hill street rehab project

June 4, 2009
Jeanne Gustafson
Shamrock Paving Inc., of Spokane, is the apparent low bidder, with a bid of $798,000, for a city of Spokane project to rehabilitate a small cluster of aging streets in the Altamont Boulevard area of the South Hill this summer.A contract for the
Read More
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