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Latest News

Metropolitan Mortgage reports jump in earnings

However, big increase in net income was due largely to tax strategies
February 26, 1997
Kim Crompton
Metropolitan Mortgage & Securities Co., the big Spokane-based financial-services company, has reported record net income of $16.3 million for its most recent fiscal year, an increase of nearly 60 percent over the previous year.The company also a
Read More

Where the pregnant pause

Dill Pickle-Maternity
February 26, 1997
Lisa Harrell
Martha Cummings is a mother, at heart and practiceand also by occupation.The fair-haired, rosy-cheeked grandmother of 10soon to be 11has spent the last 17 years nurturing her venerable downtown Spokane specialty store through its ups and a
Read More

LineSoft to add over 200 people

Software company also to lease more office space to address growth surge
February 26, 1997
Linn Parish
LineSoft Corp., a Spokane-based maker of software for power-line planning and design, plans to hire more than 200 workers in the next 18 months, accelerating an already aggressive growth clip that has exceeded company projections, says Linda of and
Read More

Spokane seen as costly drawback

Investment bankers tell Avista keeping subsidiaries here could chop fund raising by $200 million
February 26, 1997
Richard Ripley
New York investment bankers are telling Avista Corp. that a fund-raising to launch business options at its fast-growing subsidiaries would bring in $200 million less if Avista keeps the subsidiaries headquarters here instead of moving them out of
Read More

Telect sustains breathless roll

Liberty Lake manufacturer expands here again, opens plant in Brazil, on hiring binge
February 26, 1997
Paul Read
Liberty Lake-based Telect Inc., the telecommunications-equipment manufacturer thats seemingly always in a growth spurt, has opened a plant in Brazil, is spending millions to expand at its campus here, and is hiring hundreds of workers to handle a
Read More

Garco lands $10 million Fairchild job

Project involves building pump house, laying pipe, installing tanks, fueling pits
February 26, 1997
Lisa Harrell
The U.S. Army Corp of Engineers has awarded a $10.2 million contract to Garco Construction Inc., of Spokane, to build a second KC-135 hydrant-based aircraft-fueling system at Fairchild Air Force Base and to expand the bases current fueling began
Read More

Eugster idea for Summit site hits wall

Metropolitan says itÂ’s not ready to begin developing big parcel near downtown
February 26, 1997
Kim Crompton
Spokane City Councilman Steve Eugster says hed like to see the city work out some type of agreement with Metropolitan Mortgage & Securities Co. that would help kick-start development activity at the Spokane companys big Summit site west of the
Read More

SpokaneÂ’s Pawn 1 chain to launch private offering

$1 million placement would finance 10 new stores, development of headquarters
February 26, 1997
Kim Crompton
Pawn 1 Inc., the Spokane-based pawn shop chain that has more than doubled in size over the last five years, says it soon will seek to raise $1 million from private investors to use for general working capital and further business expansion. That is
Read More

WSU scientists sign pact with Spokane company

Bio-Genetic Ventures plans to market new technologies for infertility, blood freezing
February 26, 1997
Paul Read
Advanced Reproduction Technologies Inc., a Spokane biotech research company that has been trying for six years to commercialize its fertility-treatment technologies and spin-off discoveries, appears to have taken a significant step toward its in by
Read More

Nationwide insurer buys agency here

Amica Mutual envisions expanding Thomas Porter agency into regional office
February 26, 1997
Linn Parish
Amica Mutual Insurance Co., a Lincoln, R.I.-based insurer with offices nationwide, has gained a foothold in the Spokane market by buying the Thomas S. Porter Inc. insurance agency, which has represented Safeco insurance here for five years and is a
Read More
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