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Latest News

Bankruptcy filings dive 71 percent

New law sharply curbs number of new petitions, but perhaps not for long
February 26, 1997
Rocky Wilson
Just 3,350 bankruptcy petitions were filed in Eastern Washington last year, abruptly ending a five-year trend of filings hovering near or above the 10,000 mark. The 2006 total represented a 71 percent decrease from the record 11,506 petitions
Read More

‘Lack of trust’ plagues CVB, PFD, study says

Yet, both organizations responded well to report, Spokane consultant says
February 26, 1997
Rocky Wilson
When the Spokane Regional Convention and Visitors Bureau held its annual meeting Jan. 17, little was said about a consultants report that found problems between the bureau and the Spokane Convention center staff in their efforts to market public
Read More

Foreclosures fell sharply here in 2006

Home-price appreciation, job growth help filings drop to lowest in decade
February 26, 1997
Mike McLean
Strong job growth and a steady housing market are helping Spokane County buck a national trend of rising foreclosures.The Spokane County Auditors Office says the number of foreclosures on deeds of trust here plummeted by 43 percent last year,
Read More

Deaconess parent posted better margin, saw more patients in Â’06

February 26, 1997
Mike McLean
Just two years after a period of hemorrhaging red ink, job losses, and rumors of its possible demise or sale, Empire Health Services, Spokanes second largest hospital network, is now posting modest profit margins and healthy gains in patient says
Read More

Manufacturing stages comeback

Jobs climbed 4.5 percent to 18,400 last year; experts foresee strong gains in Â’07
February 26, 1997
Emily Brandler
Spokanes manufacturing industry, which took a nosedive near the start of this decade, is storming back. Experts say they expect this year will bring more strong growth in the sector, despite a number of challenges employers are facing.In the
Read More

Tiny credit union teams up to compete

Spokane-based Inland Empire Trades has had bulk of its growth over last two years
February 26, 1997
Rocky Wilson
Inland Empire Trades Credit Union, of Spokane, like many other small credit unions across the nation, is working hard to stay afloat in a competitive marketplace filled with banks and larger credit unions that provide similar services.What is a
Read More

AmericanWest seeks to deflect class-action suit

Loan officer claims bank violated contract when it halted compensation plan
February 26, 1997
Kim Crompton
Spokane-based AmericanWest Bank is seeking to decertify the class-action status granted to a lawsuit filed by a former loan officer who claims the bank breached an employment agreement when it discontinued an incentive-based compensation class are
Read More

Keeping pace with a hot market

Washington Trust expects loans to rise 10 percent, plans two additional offices in 2007
February 26, 1997
Emily Brandler
Washington Trust Bank, which has been posting robust growth numbers in recent years, says its strategy for the next two years is to keep pace with the fast-growing markets it serves while weighing how extensively to fill in its branch networks in a
Read More

Retirement industry heads to Olympia

Medicaid funding increase in governorÂ’s budget plan said to be insufficient
February 26, 1997
Rocky Wilson
Legislation aimed at providing guardianship protection and protection from unqualified individuals selling living trusts, as well as the biennial battle to procure more money for health-care providers, top the retirement-related agenda at the 2007
Read More

Finding an edge with luxury

Waterford uses amenities, variety to compete; Grapetree project targets younger seniors
February 26, 1997
Emily Brandler
With competition intensifying in the retirement center market here, Waterford on South Hill says its pursuing a strategy of offering a broad variety of living arrangements and a focus on luxury to keep it above the fray. Located at the corner
Read More
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