Latest News

Avista seeks rate hikes in Washington

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February 4, 2014
Staff Report
Avista Corp. announced this afternoon that it has filed a general rate-increase request with the Washington state Utilities and Transportation Commission to increase an average residence's bill by $4.89 a month for electricity and by $5.23 for natural g
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Bankruptcy trend is reassuring sign

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January 30, 2014
Staff Report
The Journal reported earlier this month that the number of bankruptcies filed here fell for the third straight year. The news is the latest evidence that the economy is on the proper path to a full recovery. As unemployment drops and home sales continue
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Providence to add pediatric practice

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January 30, 2014
Staff Report
Providence Medical Group, of Spokane, announced this afternoon that it has agreed to add Pediatric Associates of Spokane, in which five physicians and two nurse practitioners work, to its physician practice. Pediatric Associates is expected to join the
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Sterling Financial reports earnings increase

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January 30, 2014
Staff Report
Sterling Financial Corp., the Spokane-based holding company for Sterling Bank, reported this afternoon fourth-quarter net income of $22.2 million, or 35 cents a diluted share, up from $20.9 million, or 33 cents a share, in the year-earlier period. For
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Moss Adams launches online tax-credit exchange

Firm says traders should make transaction faster
January 30, 2014
Staff Report
Moss Adams LLP, the big Seattle-based accounting and business consulting firm that also operates the largest accounting firm operation here, has launched the Moss Adams Tax Credit Exchange, an online marketplace for buying and selling tax credits. The e
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Take steps now to maximize Social Security benefits

Consider taking deferral, reviewing spousal options
January 30, 2014
Ryan Franklin
As the second largest city in the state with a population of more than 200,000, Spokane has a lot to offer. Last year, Huffington Post ranked Spokane as one of the top 10 cities to retire given the city's weather, affordable housing, and local culture a
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—Katie Ross

Marijuana businesses pose risk to banks—for now

Financial institutions follow federal laws, await clarity
January 30, 2014
Katie Ross
Financial institutions in Washington state are anticipating federal guidance on how best to navigate the precarious issue of state law versus federal law in regard to allowing marijuana businesses access to traditional banking services. That question h
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Umpqua's Sterling acquisition is part of larger trend

More banks likely to merge in regulatory environment
January 30, 2014
Ezra Eckhardt
As Portland, Ore.-based Umpqua Holding Corp. and Spokane-based Sterling Financial Corp. await regulatory approval of the proposed merger of their respective banks, it's a good time to pause and consider how the financial landscape is shifting in both th
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