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Special Report

Question banking relationship to determine best fit

Compare company's needs with institution's abilities before deciding to switch
January 31, 2013
Alan Roberts
The start of a new year is a good time to take stock of your business relationships and make sure your professional service providers and partners are still a good fit for your company and its changing needs. When it comes to assessing your banking
Read More

Accounting standards can sway lawsuits

Rules-based approach more likely to deter disgruntled shareholders, study finds
January 31, 2013
News Wise
Disgruntled shareholders are more likely to sue firms that use principles-based accounting standards instead of rules-based standards, according to a recent study by a University of Iowa accounting researcher.The study, by Richard Mergenthaler,
Read More

Gen X, gen Y retirement accounts swell, firm says

Baby boomers continue to possess the lion's share of assets at MassMutual
January 31, 2013
PR Newswire
Third-quarter 2012 data for defined-contribution plans administered by Springfield, Mass.-based MassMutual Financial Group show that, combined, generation X and generation Y participants now account for 55 percent of the company's participant with
Read More
—Staff photo by Treva Lind

Viren & Associates focuses on diverse financial advice

Longtime company helps clients with investments, estates, and benefit plans
January 31, 2013
Treva Lind
Viren & Associates Inc., a Spokane-based financial planning and employee benefits advisory company, has remained viable for almost 20 years by diversifying the services it offers clients, says Paul Viren, managing principal there. Viren, who in
Read More

FDIC-insured institutions' profits rise

Fewer than 700 banks appear on problem list, reaching three-year low
January 31, 2013
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. reported aggregate net income of $37.6 billion in the third quarter of 2012, a $2.3 billion—or 6.6 percent—improvement from the $35.2 billion in the
Read More

C&I lending in Spokane begins to rebound

Business customers look to growth in inventory, billings to back financing
January 31, 2013
Mike McLean
As the economy tentatively improves and businesses begin to increase sales and rebuild inventory, commercial-and-industrial lending also is on the rise, some lenders here say.Spokane-based Sterling Bank and the Spokane operations of U.S. Bank, a
Read More
—Staff photo by Jessica Valencia

SNAP Financial Access makes big gains with micro loans to refugees

World Relief Spokane, SNAP team up to help refugees' small businesses start
January 31, 2013
Jessica Valencia
Greg Franson, of SNAP Financial Access, and World Relief Spokane's Ivan Yerebakan have worked in tandem for years on a program meant to kick-start small businesses operated by refugees that find themselves relocated to Spokane.The development or
Read More

Walker tackles two projects in Othello

Large classroom addition, alternative learning center jobs total about $2.7 million
January 17, 2013
Treva Lind
Walker Construction Inc., of Spokane, has started work on two jobs for the Othello School District that have a combined value of $2.7 million. Othello is located about 120 miles southwest of Spokane, between Moses Lake and the Tri-Cities. The a
Read More
—Rendering courtesy of Russell Page Architects

Office-retail structure rises along Newport Highway

Developer plans to move physical therapy practice there; two bays available
January 17, 2013
Jessica Valencia
Genesis Construction & Development Inc., of Spokane, has started work on a 5,300-square-foot, $664,000 office and retail building in North Spokane.Bob Bennie, owner of Genesis Construction, says the single-story structure located at 11402 N. in
Read More

New streetlights planned on I-90 section downtown

Northeast Electric lands $2.4 million in contracts to install LED systems
January 17, 2013
Jessica Valencia
The Washington State Department of Transportation plans to replace streetlights along roughly three miles of Interstate 90 between Liberty Park and the Latah Creek bridges, says Al Gilson, spokesman for DOT's eastern region.Two federally funded
Read More
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