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Latest News

—Staff photo  by Jeanne Gustafson

Finding jobs for people

WorkSource provides screening, skill building for employers, job seekers
June 4, 2009
Jeanne Gustafson
Outside the Spokane office of WorkSource these days, the parking lot is full of job seekers' cars, while inside the agency—which serves as the job-hunt assisting arm of the Washington state Employment Security Department—computer are with
Read More

State board files suit to recover investments

June 4, 2009
The Washington State Investment Board, which manages public trust and public employee retirement funds in the state, has filed suit to recover more than $100 million in losses related to investments it made through Lehman Brothers Holdings lawsuit,
Read More

Economic downturn said hurting boomers the most

Study of financial planners says generation faces storm of asset-diminishing factors
June 4, 2009
More than three-quarters of the financial services professionals polled in a recent research survey say the current economic downturn has had a significantly greater impact on their boomer generation clients than on any other generation. More 73
Read More
—Rendering courtesy of ALSC Architects PS

INB to build freestanding branch in Spokane Valley

$1.2 million structure will replace bank outlet in Yoke's supermarket
June 4, 2009
Mike McLean
Spokane-based Inland Northwest Bank says it has bought a site in Spokane Valley for a freestanding bank branch that it plans to start building soon.The property is at the northwest corner of Sprague Avenue and Progress Road, next to a Chuck E. a
Read More

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
Read More

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
Read More
—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
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