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Latest News

Empire hopes for rebound

Hospital operatorÂ’s CEO says itÂ’s on the right path; further cuts not ruled out
February 26, 1997
Linn Parish
Nearly halfway through his first year at the helm of Empire Health Services, the turnaround specialist whos serving as the organizations CEO says its headed in the right direction.Empire, which owns and operates Deaconess Medical Center &
Read More

Downtown housing said strong

Chesrown, Wells, others contend demand is high despite one projectÂ’s recent failure
February 26, 1997
Richard Ripley
Spokane-area developers say the downtown-area housing market here is strong despite comments from a partner in a Los Angeles-based company that pulled out of a proposed mixed-use project in Spokanes city center recently.Marshall Chesrown, the
Read More

XN Avionics is eager to settle into bigger nest

Young aviation enterprise expands temporary space while waiting on new digs
February 26, 1997
Kim Crompton
XN Avionics LLC hopes to take flight, figuratively speaking, once it moves into a planned larger hangar-office complex at Spokane International Airport thats expected to be completed by fall.In the meantime, the 16-month-old subsidiary of XN
Read More

Employers can affect 401(k) fees

Third-party administrators track regulations, keep contracts, records
February 26, 1997
Rocky Wilson
Though a federal investigation into 401(k) plan administration nationally could end up helping the 900-plus employers here that offer such plans, industry sources say employers might see more impact simply by making careful choices when setting up
Read More

On the rebound: North Coast Life has record year

Spokane-based company posted big gains in annuity sales, income, assets in Â’04
February 26, 1997
Kim Crompton
Straining under the effects of the national recession, Spokane-based North Coast Life Insurance Co. suspended quarterly dividend payments on its preferred stock indefinitely two years ago.It expects to restore those dividends at the end of this
Read More

Wash. Trust adds to profit during 2004

BankÂ’s net tops $29 million; assets, loans, deposits jump
February 26, 1997
Richard Ripley
Washington Trust Bank has posted net income of $29.3 million for 2004, up 15.1 percent from $25.5 million in the previous year.The Spokane-based banks assets grew to $2.5 billion in 2004, up 12.3 percent, and it also reported substantial in a
Read More

Action Mortgage looks to grow where parent company isnÂ’t

Spokane-based subsidiary of Sterling Savings Bank is entering sixth state
February 26, 1997
Rocky Wilson
Action Mortgage Co. the real estate lending subsidiary of Spokane-based Sterling Savings Bank, has ridden Sterlings rapid growthlast year making $1.16 billion in loansand now is looking to expand in areas its parent doesnt in 1987, Action I
Read More

Loan, deposit growth surges in Kootenai County

Bankers say competition also increases between institutions in the market
February 26, 1997
Linn Parish
If population surges and a hot real estate market werent proof enough, banking activityspecifically sharply rising loans and depositsprovide further evidence of rapid economic growth in Kootenai County. Three Coeur dAlene-based banks in
Read More

GSA seeks CdÂ’A sites for court

Developers asked to submit proposed locations, maps; Jan. 1 occupancy desired
February 26, 1997
Marc Stewart
The location of a planned new federal courthouse in Coeur dAlene has been a matter of keen interest in the community, and developers were scheduled to give the U.S. General Services Administration some proposed sites earlier this were to have to
Read More

Work to start in March on next phase of freeway

$10 million bid awarded to do grading, excavation on North Spokane Corridor
February 26, 1997
Rocky Wilson
KLB Construction Inc., of Lynnwood, Wash., has been awarded a $10 million contract to do earth-moving and grading work in the third construction job on the North Spokane Corridor project, which is also known as the north-south freeway.The work
Read More
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