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Latest News

—Staff photo by Mike McLean

Temp worker demand jumps

Many employers await confidence in recovery before making permanent hires
November 4, 2010
Mike McLean
Staffing agencies here say they're seeing strong growth in demand for temporary help, but not for permanent hires.Provisional Staffing Services Inc., of Spokane, which does business as Provisional Recruiting + Staffing and recruits applicants so
Read More

Banker here sees signs economy is improving modestly

Northwest Bancorporation leader says three quarters in the black signify trend
November 4, 2010
Richard Ripley
The Inland Northwest's economy is beginning to show signs of recovery, although those signs are both early and modest, says Randall L. Fewel, president and CEO of both Northwest Bancorporation Inc., of Spokane, and its principal subsidiary, Inland
Read More

Banner reports larger loss amid big, one-time charges

Walla Walla-based bank holding company finds loan demand still modest
November 4, 2010
Paul Read
Banner Corp., the Walla Walla, Wash.-based parent of Banner Bank, has reported a third-quarter net loss of about $44.7 million, or 40 cents a share, compared with a loss of $8.4 million, or 44 cents a share, in the year-earlier quarter. Banner a
Read More

AmericanWest pares loss as it readies to sell bank

Bank-holding company boosts liquidity, trims nonperforming assets
November 4, 2010
Kim Crompton
AmericanWest Bancorp., of Spokane, which announced last week a tentative agreement to sell and recapitalize its wholly owned subsidiary, AmericanWest Bank, says it posted a net loss of $5.9 million, or 35 cents a share, in the third quarter.That
Read More
—Staff photo by Richard Ripley

Retiring banker's advice: Keep watch on your culture

Hippler led Mountain West since bank's inception, but says it's time for change
November 4, 2010
Richard Ripley
During the years in which Jon Hippler has guided Mountain West Bank, of Coeur d'Alene, one lesson he's learned has stood out to him above all others.As a CEO, he says, he has maintained a clear vision of the bank's culture—"first and to be
Read More

Balanced mutual funds provide options in volatile times

Typically, investment mix includes 60 percent stocks, with rest in fixed income
November 4, 2010
Andrew Leckey
For conservative investors seeking a little balance in their lives during volatile times, a balanced mutual fund makes sense this year.With a typical mix of around 60 percent stocks and 40 percent fixed income, balanced funds split the between a
Read More
—Staff photo by Mike McLean

Credit unions brace for more assessments

Steep fees will cover losses that have been incurred by corporate counterparts
November 4, 2010
Mike McLean
Credit union executives here say a plan announced in September by the agency that regulates their institutions will stabilize and strengthen credit unions while keeping member deposits safe, but they will have to carve large assessments out of over
Read More
—Staff photo by Kim Crompton

Beefing up angel aid

Delta successor grows to 75-plus members; six deals done so far
November 4, 2010
Kim Crompton
The Spokane Angel Alliance, a nonprofit entity set up to help fund promising companies here and a bulked-up successor to the Delta Angel Group, has gotten off to an encouraging start in its first year, says Tom Simpson, who spearheaded its already
Read More

Amid cautious market, big stocks look ready for upswing

Low price, international exposure, good dividends could trigger comeback
November 4, 2010
Personal Investing
Big can be beautiful, especially when investors are wary of the stock market.Large-cap stocks, low in price but high in exposure to rapidly-growing international markets, appear poised for a comeback.Companies with market capitalizations of a
Read More

In the News

November 4, 2010
Oct. 29 / Regulators close The Union Credit Union The Washington state Department of Financial Institutions announced it closed The Union Credit Union, of Spokane, due to loan losses. The National Credit Union Administration then the /
Read More
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