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Special Report

Investment policy statement acts as guide for nonprofits

Organizational principles help maintain discipline while managing portfolios
August 17, 2023
Jim Coats
The Inland Northwest has a vibrant philanthropic community that includes numerous home-grown nonprofits as well as chapters of national organizations. A great example of the area's generous nature is Innovia Foundation's management of over 800
Read More

Try to reimagine retirement, embrace next life stage

Healthy aging doesn't call for abandoning work life
August 17, 2023
Sarah Carlson
Retirement has recently undergone a remarkable transformation. Gone are the days when retirement was synonymous with withdrawal from the workforce for a life of leisure. Today, retirement represents an opportunity for individuals to leverage their
Read More

Economic data tells more of story than credit downgrade

Probability of recession may be as strong as chance of soft landing
August 17, 2023
Tim Mitrovich
While we've been expecting an uptick in volatility in the back half of the year, we didn't expect the spark to be a lowering of the U.S. credit rating as occurred earlier this month, when Fitch Ratings lowered it from AAA to AA+.
Read More

Loans can be simpler financing option than equity investment

With stock offerings, even small businesses must register with SEC
August 17, 2023
Beau Ruff
Securing a source of capital for a new or existing business can be a challenge. Consider a common scenario: Diana has a promising idea for a new business and possesses the necessary experience and expertise to make it successful. She starts a business
Read More
Karina Elias

JPMorgan Chase plans to grow in Spokane, Jamie Dimon says

CEO makes first visit to Lilac City in one leg of West Coast tour
August 17, 2023
Karina Elias
As Spokane grows, JPMorgan Chase & Co., plans to grow with it, according to Jamie Dimon, chairman and CEO of JPMorgan Chase & Co., and one of the leading voices for the financial industry. Dimon arrived in downtown Spokane last month to kick off his
Read More

Reluctant investors could be at risk of long-term regret

Savings diversification, time measured in years said to improve outcome
August 17, 2023
Michael Maehl
The market has rallied over 25% since last October. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite have been trading around new 52-week highs. In theory, this means we've entered a new bull market. However, many people simply don't
Read More
Coastal Community Bank

Coastal Connection: Spokane team builds virtual world for Coastal Community

CoastalWorld.com launches to introduce consumers to banking services
August 17, 2023
Erica Bullock
Led by a three-person team in Spokane, Coastal Community Bank has launched a virtual 3D platform, dubbed Coastal World, that is poised to expand accessibility to underbanked communities, and add revenue and customers for the Everett, Washington-based
Read More

Total deposits decline at some INW financial institutions

Banks, credit unions impacted nationally, industry reps here say
August 17, 2023
Dylan Harris
Post-pandemic changes in consumer spending habits and the use of nontraditional banking options may be to blame for a decline in deposits at some financial institutions, industry leaders here say. 'We have seen a decline in deposits and a gain in
Read More

Strategizing for caregiving finances can be critical

Some providers have economic hardships
August 3, 2023
Christina Clem
Caring for a family member or close friend is one of the most important roles you'll play. It may start with driving your loved one to get groceries or to the doctor. Later, you may take more time off from work, prepare meals, or handle bills. No matter
Read More

Don't let fear of recession advance to depression

Best way to cope is to respond, not react
August 3, 2023
Sarah Carlson
Are we in a recession or depression? In the last two years, news outlets have said we are two months away from a recession. That kind of negative forecasting has sent more people to revisit what they went through in their last recession and how difficult
Read More
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