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Latest News

—Katie Ross

AmericanWest Bank grows loans, eyes more acquisitions

Bank extended $1 billion in credit in last two years
February 27, 2014
Katie Ross
Spokane-based financial institution AmericanWest Bank has experienced an organic loan growth rate of about 10 percent a year for the last two years, which is double the industry standard, claims CEO Scott Kisting. The bank also has extended a total of
Read More

Magnuson Hotels posts growth in its network

Licensing agreements include nearly 150 branded properties
February 27, 2014
Treva Lind
Magnuson Hotels, a hotel group that offers reservation and property management services and has headquarters in Spokane and London, says the number of hotel clients that operate under one of its three non-franchise brands increased by 25 percent in 2013,
Read More

Startup aims at reducing waste of medical products

Website is marketplace for users to buy, sell, trade
February 27, 2014
Katie Ross
Spokane startup e-business H-Source LLC, which is promoting its website at www.h-source.com as a marketplace for hospitals and medical providers to buy, sell, and trade medicines and equipment, is pursuing funding to help it to expand the website and attr
Read More
—Linn Parish

Kent Caputo, of the Kalispel Tribal Economic Authority: Betting on diversification

-
February 27, 2014
Linn Parish
Northern Quest Resort & Casino has evolved from a box-shaped gaming establishment on the outskirts of Airway Heights to a full-service operation with high-end restaurants and a hotel tower. For the last five years, Bremerton, Wash.-born Kent Caputo has ov
Read More
—Linn Parish

Secured Investment Corp. to franchise Cogo Capital

Having tested concept here, company to expand
February 27, 2014
Linn Parish
Secured Investment Corp., the Coeur d'Alene-based private-money lender, plans to start franchising its young retail subsidiary, Cogo Capital LLC, in an effort to increase its loan volume more quickly. Not quite 1 1/2 years old, Cogo Capital has corp
Read More

Northwest Farm Credit Services posts jump in earnings

$58.1 million in refunds sent to shareholders
February 27, 2014
Treva Lind
Northwest Farm Credit Services, the Spokane-based agricultural lending cooperative, has reported net income of $237 million for 2013, an increase of 26 percent compared with income of $187.3 million the previous year. Meanwhile, the cooperative says itï
Read More

Property valuations tick higher for county

$37.2 billion total marks first gain since 2009
February 27, 2014
Mike McLean
The total property value in Spokane County took an upward turn in 2013 for the first time since 2009, and levy rates leveled off after edging higher every year since 2008, says Spokane County Assessor Vicki Horton. Spokane County's total assessed value
Read More

Banner's net declines for quarter, all of 2013

Bank reports increases in total assets, deposits
February 27, 2014
Lucas Thayer
Banner Corp., the Walla Walla, Wash.-based parent of Banner Bank and Islanders Bank, has reported fourth-quarter net income of $11.6 million, or 60 cents a diluted share, a decrease from $13.3 million, or 69 cents a share, in the year-earlier quarter.
Read More
—ALSC Architects PS

Sports field house backers seek design funds

Parks board supports proposed north bank site
February 27, 2014
Mike McLean
The Spokane Sports Commission is seeking a $250,000 legislative appropriation to begin the preliminary design phase of an envisioned $20 million-plus field house and event center that would be developed on mostly city-owned property north of the Spokane R
Read More
—Katie Ross

Engineering trio launches laboratory automation venture here

Design-manufacturing company tiny, but has global aspirations
February 27, 2014
Katie Ross
Three Spokane engineers have joined to launch a company named Empire Laboratory Automation Systems LLC that will design and manufacture products for the laboratory, biosciences, pharmaceutical, educational, and agricultural industries. For now, the compa
Read More
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