Latest News

Genetic breast cancer test helps refine treatment plans

Rockwood Clinic study to gauge tumor risk, include 50 patients

March 26, 2009

Spokane-based Rockwood Clinic PS is participating in a clinical study of a technique to identify genetic markers in cancerous breast tumors that can help doctors predict whether a cancer patient is at risk for developing metastatic cancer later. of

Some shares poised to benefit from economic stimulus

Select retail, solar energy, data networking stocks are among those favored

March 26, 2009

Andrew Leckey

If you've ever had trouble finding your car keys, you understand what economic stimulus is all about.After searching unsuccessfully through every logical nook and cranny of your home, in desperation you begin to cast your eyes anywhere and You a

State Bank's deposits, loans, net all rise sharply

March 26, 2009

Kim Crompton

Spokane Valley-based State Bank Northwest's net income jumped to $652,000 last year, up 17 percent from $556,000 in 2007, while its loans, deposits, and assets all grew by double-digit percentages, according to year-end financial documents it has a

Use online peer-lending sites warily

Internet matchmaking trend offers alternative, but understand the risks

March 26, 2009

It sounds like a marriage made in heaven. On one side, there are people who are struggling with debt who can't qualify for lower rates from conventional lenders or credit card companies. On the other, are folks with money to invest who might like a

Horizon's net falls; loans, deposits climb

Spokane credit union reports loan charge offs more than double in 2008

March 26, 2009

Jeanne Gustafson

Horizon Credit Union reported a 23.5 percent dip in net income for 2008, but posted gains in deposits, loans, and total assets.The Spokane-based credit union reported 2008 net income of $3.6 million, compared with $4.7 million in 2007.Jeff in

JPMorgan Chase prepares to rebrand WaMu branches

Washington, Idaho, Oregon branches will be converted by June; all will stay open

March 26, 2009

Jeanne Gustafson

More than 300 Northwest branches of Washington Mutual Bank, including 19 in the Spokane-Coeur d'Alene market, officially will become Chase bank branches in June, and soon will be led by a longtime regional banker with roots in Spokane.Employees &

Bank of Whitman reports higher net, strong jump in loans, deposits for '08

March 26, 2009

Kim Crompton

Colfax-based Bank of Whitman, which has three branches in the Spokane area, has reported net income of $5.8 million for 2008, up 5 percent from $5.5 million the prior year. Loans and deposits both grew sharply.James Tribbett, the bank's and CEO,

Global posts loss for 2008, sharply higher charge offs

It says $3.5 million loss is due to an increased provision for loan losses

March 26, 2009

Jeanne Gustafson

Spokane-based Global Credit Union posted a net loss of $3.5 million for 2008, compared with net income of $1.1 million in 2007. Greg Benneweis, Global's vice president for finance, says the loss occurred primarily because the credit union its by

'Bank of banks' signals capital woes

Spokane members expect Federal Home Loan Bank of Seattle will remain a strong partner

March 26, 2009

David Cole

While the Federal Home Loan Bank of Seattle says it's disappointed with its own recently reported losses, and is experiencing a capital deficiency, some of its member banks and credit unions here say they're not alarmed and expect the federal "bank

STCU's net falls, but loans, deposits grow

Big credit union added 1,000 members each month last year

March 26, 2009

Jeanne Gustafson

Spokane Teachers Credit Union posted lower net income for 2008, but its assets, loans, and deposits all grew sharply while its membership rolls climbed at a healthy clip.The Spokane-based credit union had $8 million in net income last year, down