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Latest News

Whitman posts big loss, but deposits jump

March 11, 2010
Kim Crompton
Colfax-based Bank of Whitman, which has three branches in the Spokane area, has reported to regulators a net loss of $7 million for 2009, down sharply from net income of $5.8 million in 2008. The bank's loans fell, but its deposits grew Tribbett, 2
Read More

Motorcycle dealer here adds BMW line

Westside MotorSports, on West Plains, now offers four bike brands
March 11, 2010
Kim Crompton
Westside MotorSports, a big West Plains motorcycle dealership, says it has added the upscale, German-built BMW line of motorcycles to the three other brands it carries.Scott Schmidtman, one of the dealership's owners, says it secured the line at
Read More

STA selects CH2M Hill to do downtown study

March 11, 2010
Jeanne Gustafson
Denver-based CH2M Hill Inc. has won a $367,500 contract from the Spokane Transit Authority to conduct a study of alternative ways to provide public transit in downtown Spokane. The study is being conducted as a collaboration between the STA and
Read More

Farm Credit's earnings dip during 2009

Ag lender's net income drops to $106 million, but it calls year 'solid'
March 11, 2010
Richard Ripley
Northwest Farm Credit Services, of Spokane, has reported 2009 net income of $106.1 million, down from $124.4 million in 2008.The federally-chartered ag-lending cooperative set aside $79.4 million in 2009 for potential credit losses, up from in a
Read More
—Staff photo by Kim Crompton

PFD buys C.I. Shenanigans property

$4.5 million transaction includes restaurant's building, acre of land
March 11, 2010
Kim Crompton
The Spokane Public Facilities District has bought the C.I. Shenanigans restaurant building and land downtown for $4.5 million as part of a long-range plan to develop additional convention exhibit space and meeting rooms. The restaurant is to to at
Read More
—Staff photo by Jeanne Gustafson

Pictures from the ground up

March 11, 2010
Jeanne Gustafson
Adam Worden and his wife, Leslie, say they like to reach for the sky. Then they shoot a photo of what they see, all via remote control.With their Spokane business, Northwest Elevated Photography LLC, they say they aim to put a different angle on
Read More

STCU posts 13 percent increase in net

Membership jumped 10.8 percent in 2009, loans grew 14 percent
March 11, 2010
Jeanne Gustafson
Spokane Teachers Credit Union posted a 13 percent increase in net income for 2009, despite having a $4.3 million investment loss and a $1.5 million charge to help replenish a national credit union deposit insurance fund.The Spokane-based credit
Read More

Insurance co-op plans West Plains project

Enduris says $3.2 million Technology Park structure to be completed in May 2011
March 11, 2010
Mike McLean
Spokane-based Enduris Washington, a government cooperative that buys insurance and manages claims on behalf of member agencies, says it plans to develop a $3.2 million office building on the West Plains here.The single-story, 20,000-square-foot
Read More

DOT readies $35 million NSC job bids

March 11, 2010
Jeanne Gustafson
The Washington state Depart-ment of Transportation says it hopes to seek bids around the fourth week of March for a $35 million North Spokane Corridor project, expectedto get under way this spring.The work is to involve constructing the lanes of
Read More

Deposits top loans in new bank reports

Latest earnings results show pronounced shift from previous trend
March 11, 2010
Richard Ripley
Banks are heading back to the future—before the era of aggressive lending that predated today's softer economy—judging by the changed relationship between two important figures on their balance sheets.Partly because of slackening for a
Read More
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