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Latest News

Equipment leasing demand grows, as do credit concerns

Enterprising Capital sees applications triple; others say reasons to lease remain
February 26, 2009
David Cole
Demand from businesses that are interested in leasing equipment has been growing briskly in recent months, as borrowers seek alternatives to the battered loan market, but credit standards for leasing also are tightening, those in the industry of in
Read More

RiverBank cuts loss, grows loans, deposits, and assets

Three-year-old boutique institution anticipates smaller gains this year
February 26, 2009
Kim Crompton
RiverBank, which opened for business here in 2006, posted a loss of $282,000 for 2008, according to data it has filed with the Federal Deposit Insurance Corp.That's improved, though, from a loss of $797,000 in 2007, and President and CEO Duane a
Read More

Intermountain to talk about TARP program

Bankers also will seek communities' ideas in town hall meetings
February 26, 2009
Richard Ripley
Intermountain Community Bancorp, of Sandpoint, says it will hold town hall meetings in March in 19 communities it serves across Idaho and Eastern Washington to talk about how it will use money it has received from the U.S. government and also to in
Read More

TARP won't have a big loan impact

Long-term outlook falls to 'D,' lowest in history of the quarterly survey
February 26, 2009
Most lenders across the nation don't believe the federal Troubled Asset Relief Program will have a significant impact on lending, according to the latest quarterly Lending Climate in America survey conducted by Phoenix Management Services, a Chadds
Read More
—Staff photo by  Jeanne Gustsafson

A new dawn AT SBA?

New administration, stimulus bill give loan-program administrators optimism
February 26, 2009
Jeanne Gustafson
After a number of years of reduced funding, and following a precipitous drop in loan volume last year, the U.S. Small Business Administration's Spokane District is expecting an upturn in activity under the Obama administration.The stimulus bill
Read More

AmericanWest saw losses mount in fourth quarter

Spokane-based bank lost $156 million, reduced assets by 10 percent in '08
February 26, 2009
Kim Crompton
AmericanWest Bank lost about $156 million in 2008, and saw loan volume fall but deposits tick upward slightly, while its total assets declined by 10 percent, say year-end financial documents it has filed with the Federal Deposit Insurance Corp. yet
Read More

Calendar: February 26, 2009

February 26, 2009
February 26-March 12, 2009 The Spokane Leadership Breakfast will be held on Friday, Feb. 27, from 7:30 to 9 a.m., at the Spokane Convention Center, 334 W. Spokane Falls Blvd. The Boy Scouts of America Inland Northwest Council will host
Read More

Small Business Watch: February 26, 2009

February 26, 2009
Cd'A print company hires additional staff for international job Coeur d'Alene-based Originals Inc., which does business as Digital Color Print Center, has begun work on a large fine-art reproduction job that has required the company to
Read More

In the News: February 26, 2009

February 26, 2009
Feb. 24 / Employment drops here Nonagricultural wage and salary employment in the Spokane area dropped to 212,000 in January, a decrease of 3,400 jobs from the January 2008 level, according to preliminary state figures. Preliminary put
Read More

Valley casework concern lands work at Fairchild, in Kennewick

February 26, 2009
Spokane Valley-based Inland Commercial Casework Inc. has been tapped to produce and install built-in fixtures, such as window sills and countertops, for two of five buildings being constructed at Fairchild Air Force Base, as well as for a building
Read More
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