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Latest News

Some West Side community banks suspend dividends

Holding onto their cash becomes paramount, despite some backlash
January 29, 2009
Kirsten Grind
Bracing themselves for at least several more months of economic misery, some community banks across the Puget Sound region are taking the unprecedented step of suspending their quarterly shareholder dividends or slashing them to several cents on to
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—Staff photo by Jeanne Gustafson

Banks, credit unions cut back sharply on branch plans here

With recession, financial institutions sit tight on expansions
January 29, 2009
Jeanne Gustafson
The financial-industry crisis and recession are causing banks and credit unions here to rethink their branch expansion plans.Some financial institutions say they've decided to pull back on plans for new outlets, while others are completing but a
Read More

Goodwill impairment: Expect to hear more about it

Tough times, charge-offs force more companies to trot out esoteric term
January 29, 2009
Kim Crompton
Goodwill impairment is such an arcane term—sounding almost like a euphemism for diminished kindly feelings toward others—that it likely holds little significance for those not well-versed in financial lingo.Yet, it has exacted a heavy
Read More

Cd'A real estate brokerage closes its Post Falls office

Beutler & Associates moves 30-person staff to headquarters complex
January 29, 2009
Mike McLean
Century 21 Beutler & Associates, a prominent Coeur d'Alene-based real estate company, has moved its Post Falls agents and office employees to vacant space on its Coeur d'Alene campus.The move, which involved about 30 people, is expected to in of
Read More

Rathdrum contractor lands North Idaho jobs

Small's Construction selected for golf course, historical society projects
January 29, 2009
Jeanne Gustafson
working on a $500,000 remodeling and expansion of the Twin Lakes Village Golf Club clubhouse and also has landed a $250,000 contract for a remodel of a former jail in Rathdrum.The Twin Lakes project entails expanding the golf course's clubhouse
Read More

Lydig wins bid to rehab WSU dorms

January 29, 2009
Mike McLean
Lydig Construction Inc., of Spokane, has landed a $1.7 million contract to refurbish four residence halls on the Washington State University campus in Pullman.The project will spruce up all of the dorm rooms in the 13-story, 73,300-square-foot a
Read More

Mor Furniture buys longtime location here

San Diego-based retailer buys building on Division, to add kids' store later
January 29, 2009
Jeanne Gustafson
Mor Furniture for Less Inc., of San Diego, Calif., has bought for $1.8 million the building in which it's been located for years on north Division Street and plans later to open a related store there called Mor Kids & Teens for Less.Company Rick
Read More

United Way to move office this spring

January 29, 2009
Jeanne Gustafson
Spokane County United Way plans to move in March from its current location in the YMCA of the Inland Northwest's facility in Riverfront Park.The nonprofit will occupy about 7,000 square feet of leased space in a building owned by Associated at
Read More

INHS requests $10 million from state of Washington

Nonprofit wants to provide Western State Hospital with information system
January 29, 2009
David Cole
Inland Northwest Health Services, the Spokane-based nonprofit owned jointly by Spokane's two main hospital systems, is seeking more than $10 million from the Legislature to fund several health-care initiatives. Separately, INHS is joining with in a
Read More

Suncrest real estate broker files $5.6 million bankruptcy

Baumgarden plans to continue operations despite personal filing
January 29, 2009
Jeanne Gustafson
Nine Mile Falls real estate broker and investor Michael Baumgarden and his wife, Teresa, have filed a personal Chapter 7 bankruptcy petition in U.S. Bankruptcy Court here, though Michael Baumgarden says he plans to continue to operate his which in
Read More
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