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Latest News

Ignore all of the uproar over high-frequency trading

Individual investors benefit from tech-boosted system
April 24, 2014
Michael Maehl
By the time this piece is published, it shall have been about a month since Michael Lewis went on 60 Minutes to flog his latest Wall Street-oriented book. This one is called 'Flash Boys.” The boys, in this case, are those who oversee and administer th
Read More

Inland Northwest Bank parent posts ninth straight profitable quarter

Bank's net loans increased $41.3 million year over year
April 24, 2014
Katie Ross
Northwest Bancorporation Inc., the Spokane-based parent company of Inland Northwest Bank, has reported first-quarter net income of $588,000, up from $436,000 in the year-earlier period. The company reported earnings per diluted share of 14 cents for th
Read More

Seattle-based brokerage set to join global conglomerate

Spokane branch office could gain from merger
April 24, 2014
Staff Report
McAdams Wright Ragen Inc., a prominent Seattle-based financial services company that opened a branch office in Spokane two years ago, says it has signed a definitive agreement to merge with Baird, an international employee-owned conglomerate with more tha
Read More

Grapetree Village owners mull expansion

Recent leases fill all retail space at South Hill center
April 24, 2014
Mike McLean
Retail space at Grapetree Village is all leased up, and the owners are considering developing two new buildings at the South Hill commercial center on the 2000 block of east 29th Avenue, says a real estate broker involved in the leases. Recently signed t
Read More
—Spokane Firefighters Credit Union

Firefighters Credit Union's growth smolders

Firefighters CU focuses on consumer loans for its 2,000-some members
April 24, 2014
Judith Spitzer
Founded in 1934, the Spokane Firefighters Credit Union is celebrating 80 years in business this year, serving more than 2,000 area firefighters and their families, says Todd Powell, CEO for the past 10 years and a full-time firefighter with the city of Sp
Read More

SNAP Financial Access opens Women's Business Center

Program will offer planning assistance, training classes
April 24, 2014
Katie Ross
SNAP Financial Access has launched a Women's Business Center here that's intended to be a resource for female business owners or women who want to start a business, says Laurie Roth, manager of the center. The center opened earlier this month in the
Read More

Hoteliers in Canada, Florida join Magnuson Hotels

Company says network grew 25 percent in '13
April 24, 2014
Judith Spitzer
Magnuson Hotels, a Spokane-based hotel group offering reservation and property management services, says it has signed licensing contracts with three former franchises of Wyndham Hotel Group in Pensacola, Fla., as well as an independent hotel in Creston,
Read More

Imprezzio affiliate debuts sales software

Parent company also announces new CEO
April 24, 2014
Katie Ross
Racing Snail Inc., a Phoenix-based sister company of Spokane software provider Imprezzio Inc., has launched a new software designed to track sales activities and increase efficiency. Racing Snail and Imprezzio are both subsidiaries of Spokane-based hol
Read More
—Mike McLean

Umpqua Bank has changes in 'store'

Bank espouses commitment to community, to roll out its retail brand
April 24, 2014
Mike McLean
Portland-based Umpqua Holdings Corp. now is operating Spokane-founded Sterling Bank under the Umpqua Bank name following a shareholder-approved acquisition that cleared its last regulatory hurdle Friday, April 18. Umpqua has started changing out Sterl
Read More

VPI Quality Windows to buy assets of Oregon company

VPI-Mercer Windows deal expected to close by July
April 24, 2014
Mike McLean
VPI Quality Windows Inc., a Spokane Valley vinyl window and patio door manufacturer, has agreed to buy the window and door manufacturing assets of Beaverton, Ore.-based Mercer Windows. Burke Blevins, president and CEO of VPI, says that specifically, the
Read More
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