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Latest News

—Staff photo by Linn Parish

FDIC sells stake in company holding Colfax bank's loans

$13.6 million transaction gives Kansas-based entity 25 percent interest in LLC
February 2, 2012
Kim Crompton
The Federal Deposit Insurance Corp. says it has sold a 25 percent initial equity stake in a limited liability company it formed in its receivership capacity to hold certain loans of the failed Bank of Whitman, in Colfax, Wash.The 62 loans the to
Read More

Businesspeople have reasons to be optimistic about 2012

Strong retail sales, capital spending, other indicators suggest economic rebound
February 2, 2012
Michael Maehl
Sir Winston Churchill remarked that one should "avoid prophesying beforehand because it is much better to prophesy after the event has already taken place." Nonetheless, I am moved to disregard his advice in this particular instance.Before I I
Read More

Steady SBA loan demand expected

Recently implemented incentives encourage post-recession growth, Inland Northwest lenders say
February 2, 2012
Mike McLean
New loan incentives available through the U.S. Small Business Administration are keeping the total SBA loan volume here above pre-recession levels, despite the depletion of stimulus measures that spurred lending in 2010, some lenders here without a
Read More

Equipment acquisitions could rise

Uncertainty over markets abroad, other factors also prevalent, top 10 list says
February 2, 2012
The Equipment Leasing and Finance Association's top 10 equipment acquisition trends for 2012 predicts growth in the $628 billion industry in the coming year, along with some uncertainty. Every year, the association says, U.S. businesses, and in
Read More

An educational dividend

Teams of students invest $50,000 each during school year, gain insights into market
February 2, 2012
Treva Lind
Investing in education has a little different meaning for a class of nine seniors in Gonzaga University's School of Business Administration.Class members have their hands on real money—typically $100,000 split between two teams—to in &
Read More

Restaurant near Hope to fall for highway bridge

Trestle Creek Inn stands in right of way for planned improvements, ITD says
February 2, 2012
Mike McLean
The Idaho Transportation Department is in the final stages of acquiring the Trestle Creek Inn building and plans to demolish the longtime night club near Hope, Idaho, to make way for highway improvements, says Barbara Babic, ITD spokeswoman.The
Read More

Condron Homes starts 'Made in America' push

Builder: Most imported materials can be sourced from U.S. manufacturers
February 2, 2012
Mike McLean
Prominent Spokane homebuilder Condron Homes LLC is constructing a home with all American-made materials and plans to expand the concept to all of the homes the company builds in the future, says Corey Condron, the company's owner.Home was to at
Read More

HomeStreet takes offices, hires ex-MetLife loan staff

Seattle lender now has three locations here after competitor's departure
February 2, 2012
Chey Scott
Seattle-based HomeStreet Inc., which operates as HomeStreet Bank, earlier this week began doing business at two former MetLife Home Loans offices in the Spokane area.Shawn Sterling, a Spokane-based branch manager for MetLife Home Loans, says has
Read More

Hotel facelift gains momentum - Art only

February 2, 2012
Vandervert Construction Inc., of Spokane, is well under way on a $1.5 million exterior upgrade at the Holiday Inn Express located on a basalt outcropping just north of downtown Spokane, at 801 N. Division. Designed by Steven Meek Architects, of the
Read More

Small Business Watch

February 2, 2012
Hobby shop to open in Garland districtNitro Killers, a hobby shop that sells remote-controlled cars and trucks, is slated to open in March in the Garland District, on Spokane's North Side.Husband-and-wife team Austin and Shannon Else a at W.
Read More
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