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Latest News

Work-force cuts rise, but hires planned

Announced job additions through first nine months topped total for all of '08
November 12, 2009
The pace of work-force reductions is about 40 percent ahead of last year. However, a new report shows that, through September, employers already had announced plans to hire more workers than they did in all of 2008.The report released Oct. 12 by
Read More

'Middle-skill' jobs in state said to soar

About 470,000 positions are expected to be added by 2017, new report says
November 12, 2009
In what will play a major role in Washington's economic recovery, nearly 470,000 "middle-skill" job openings—those that require more than a high school diploma, but less than a four-year college degree—are projected for the state by 2017,
Read More

Chance to 're-career,' flexibility drive online education

Recession a factor for higher demand; high-schoolers opt in, too
November 12, 2009
David Cole
Though the recession has had many negative effects, it's been a boon for online education, which is becoming increasingly mainstream, schools here say.Demand for online classes is rising, and schools are responding by adding more course's, and to
Read More
—Staff photo by Mike McLean

Retraining programs swell

Displaced workers here prepare for changes in careers with state, federal help
November 12, 2009
Mike McLean
Shannon Eslick decided to enroll in dental-assistant courses at Spokane Community College through its state-funded Worker Retraining program after she was laid off for a second time last year by Insight Enterprises Inc.'s Liberty Lake outlet.The
Read More

Mutual-fund investors ignore cost, focus on gains

November 12, 2009
News Wise
Even though the fees and expenses associated with a mutual fund can greatly affect a shareholder's return, consumers are more likely to focus on past performance and virtually ignore cost information, researchers at Furman and Radford universities
Read More

Ranks of top SBA lenders shuffle in Spokane market

Some de-emphasize loans, others see opportunity to climb ranks, expand
November 12, 2009
Jeanne Gustafson
The ranks of the top lenders here that participate in the U.S. Small Business Administration's loan programs have shifted, a recent report from the federal agency shows. Walla Walla-based Banner Bank, for example, ranked fourth among SBA here a
Read More

Idaho Independent Bank reports quarterly loss, big drop in deposits

November 12, 2009
Paul Read
Coeur d'Alene-based Idaho Independent Bank, which operates primarily in Southern Idaho, has posted a third-quarter net loss of $1.99 million, or 31 cents a diluted share, compared with net income of $1.64 million, or 25 cents a share, in the the
Read More

Spokane bankers refocus on closer ties to customers

After real estate heyday, building 'relationships' regains strong emphasis
November 12, 2009
Richard Ripley
Bankers here say they're more interested in relationships.They aren't talking about their feelings, but the word "relationship" does have special meaning to them, especially during a financial sector crisis that has sent them scrambling to get a
Read More

Intermountain posts loss, cites better credit figures

Sandpoint concern put less aside for loan losses in quarter than in second
November 12, 2009
Paul Read and Paul Read
Intermountain Community Bancorp, the Sandpoint-based parent of Panhandle State Bank and other banking subsidiaries, has reported a net loss for the third quarter, but says loan losses and provisions for them are improving and deposits are growing.
Read More

Banner records sharply higher third-quarter loss

Walla Walla bank says it's encouraged by slowdown in 'new problem' assets
November 12, 2009
Paul Read
Banner Corp., the Walla Walla-based parent of Banner Bank, has reported a sharply higher net loss for the third quarter, citing continued need for additional loan-loss provisions and write-offs because of the difficult economy.The company, which
Read More
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