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Latest News

SterlingÂ’s mortgage unit tops $1 billion

Action Mortgage Co. expects even greater lending activity this year, expands in Oregon
February 26, 1997
Addy Hatch
Action Mortgage Co., a subsidiary of Spokane-based Sterling Savings Bank, topped $1 billion in total lending volume last year, the first time in the 15-year-old companys history it crossed that mark. Action made residential mortgages and in a
Read More

Mountain West keeps top rank

Coeur dÂ’Alene-based bank puts keen focus on serving small-business customers
February 26, 1997
Jennifer Brandler
Coeur dAlene-based Mountain West Banks small-business lending department here and many of its customers share a common history. Like the small-time entrepreneur who starts out with big dreams and little money, the banks small-business in
Read More

Real estate lending here grew enormously in Â’03

First mortgages soared by 40 percent; seconds nearly matched their rise
February 26, 1997
Richard Ripley
We knew the numbers would be big, and now we know just how big.Last year, real estate-backed loans in Spokane County shot up by 24.1 percent, to $5.38 billion from $4.19 billion in 2002, says RMS Information Services, of Kaysville, Utah, which
Read More

Franchisee buys more Taco Bell outlets here

Missoula-based company acquires last five corporate stores here, now owns 29
February 26, 1997
Jennifer Brandler
CLC Restaurants Inc., of Missoula, Mont., has bought the five remaining corporate-owned Taco Bell outlets in the Spokane area from Taco Bell Corp., of Irvine, Calif., in a transaction that closed in December.The franchisee bought a total of six
Read More

North Idaho passenger flights set

McCall Aviation will fly round trips to Seattle, Boise from Sandpoint
February 26, 1997
Addy Hatch
A McCall, Idaho-based air-charter and cargo service plans to initiate in May regular flights between Sandpoint and the cities of Boise and Seattle, launching the first-ever regular air-passenger service for the Bonner County town. The company,
Read More

Credit-reporting giant buys operation here

Credit Bureau Services sells Equifax its consumer credit-reporting assets
February 26, 1997
Jennifer Brandler
Atlanta-based Equifax Inc., one of the three large, national credit-reporting companies, has bought the credit-reporting files of Credit Bureau Services Inc., of Spokane, for an undisclosed sum. In the transaction completed last month, Equifax
Read More

Telco buys land, plans presence on North Side

Credit union plans structure that would house a branch and administrative offices
February 26, 1997
Linn Parish
Telco Credit Union, of Spokane, has bought 1 1/2 acres of bare land on Spokanes North Side and plans to construct a building there to house a full-service branch and its headquarters.The recently purchased land is located at 9707 N. Nevada, a
Read More

Visiontec closes doors, letter says

Contract manufacturer cites market conditions, blames suppliers, in part, for closure
February 26, 1997
Addy Hatch
Visiontec Inc., a high-tech contract manufacturer in Spokane Valley that once employed nearly 50 people, shut down its operation last month, according to a letter the company sent to its suppliers. This has been brought on by the excess in 9.
Read More

Second big Prospectors planned at Wandermere

It will be larger than West Plains location; opening slated for June
February 26, 1997
Linn Parish
Spokane restaurateurs Mike and Cheryl Didier plan to open a secondand even largerProspectors Bar & Grill, the big West Plains restaurant that opened last spring.The couples company, Prospectors Inc., has agreed to lease a planned building
Read More

Kalispels launch major Northern Quest project

Casino expansion will add new entertainment venue, buffet, sports bar, 100 jobs
February 26, 1997
Kim Crompton
The Kalispel Tribe of Indians, in what appears to be an escalating competition with the Coeur dAlene Tribes growing hotel and casino complex near Worley, Idaho, this week launched a multimillion-dollar expansion of its Northern Quest Casino in
Read More
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