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Latest News

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

AmWest ups liquidity, cuts charge-offs

Company's $9 million provision for loan losses was its lowest in two years
November 12, 2009
Kim Crompton
AmericanWest Bancorp., the Spokane-based parent of AmericanWest Bank, reported a sizable third-quarter loss, but said improved liquidity, lower net charge-offs, and its smallest loan loss provision in two years demonstrate its continuing progress a
Read More

Report shows bank deposits here grew 2 percent

In annual market-share report, Sterling still tops county
November 12, 2009
David Cole
Bank deposits in Spokane County grew by more than 2 percent over the past year, and Sterling Savings Bank and Washington Trust Bank remained the leaders in market share for the second straight year, says an annual report released last month by the
Read More
—Staff photo by Mike McLean

Flexibility is at Hart of matter

Hart Capital Management says it's seeing increase in clients here
November 12, 2009
Mike McLean
Hart Capital Management Inc. has focused on protecting its clients' assets through two economic downturns and is back on a growth track this year, says Craig Hart, the 11-year-old asset management company's president and chief investment The is in
Read More

Small Business Watch: November 12, 2009

November 12, 2009
Former employee starts own business doing excavation Larry Miller says he has started his own company, Larry Miller Excavating, which so far has done mostly residential sewer hookups, thanks to help from Worksource and Community of
Read More

Helping electric cars get traction

November 12, 2009
Editor's Notebook
If the movement toward hybrid gas-electric and all-electric cars becomes truly mainstream, as appears to be on the verge of happening within a few years, it will be due partly to the proselytizing fervor of people like Roger Imes, who along with &
Read More

Waldenbooks at Valley mall slated to close

Store here is among 200 Borders Group will shutter in national cutback plan
November 12, 2009
David Cole
The Ann Arbor, Mich-based owner of the Waldenbooks chain says its store at Spokane Valley Mall is among 200 it plans to close in January.The owner, Borders Group Inc., says that nationally about 1,500 positions—mostly part-time—will be
Read More

Peppertree hotels co-owner named to PFD board

November 12, 2009
Rita Santillanes, co-owner of four hotels, including two in the Spokane area, has been named to a new term on the Spokane Public Facilities District board.Santillanes represents the Spokane Hotel-Motel Association on the five-member board. She
Read More

Nonprofit looks to refinance housing units

Pioneer Human Services seeks state revenue bonds, operates five facilities here
November 12, 2009
David Cole
Pioneer Human Services, a Seattle-based nonprofit that operates five housing facilities in Spokane, is seeking the sale of state revenue bonds to refinance a building it owns, at 224 S. Howard downtown, that provides low-income housing for disabled
Read More
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