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Up Close

—Kim Crompton

New Valley events center operator looks to revive U-City space

Glover Mansion Events LLC expands its presence here
March 27, 2014
Kim Crompton
Glover Mansion Events LLC, of Spokane, owned by Bob Adolfson and his wife, Kimberly Coy, has opened a new event center in Spokane Valley, and Adolfson says it has gotten off to an encouraging start. The Spokane Valley Event Center is located at 10514 E.
Read More

Owner plans to spruce up Holiday Inn near airport

Work expected to start by fall, cost $1.5 million
March 27, 2014
Lucas Thayer
BHG Hotels LLC, the Wilsonville, Ore.-based company that owns the Holiday Inn Spokane Airport, at 1616 S. Windsor, plans to renovate the 80,000-square-foot hotel's two meeting spaces, 122 guest rooms, main lobby area, and its in-house restaurant, Peppe
Read More
—Worthy Enterprises LLC

Hotel promoters here predict some pain before gain

New hotel's rooms will take time for market to absorb
March 27, 2014
Mike McLean
The Spokane-area hospitality market could take up to five years to absorb all of the new rooms that the new convention center hotel will add to it when the 715-room establishment opens downtown in the summer of 2015, lodging and tourism promoters says. I
Read More
—Katie Ross

Framework Meetings is expecting solid growth in 2014

Company to coordinate two events at Cd'A Resort in April
March 27, 2014
Katie Ross
Coeur d'Alene-based Framework LLC, which does business as Framework Meetings & Destinations, expects to book more than 50 corporate training events and meetings and more than 120 other events throughout the U.S., say co-owners Wendi Haught and Scott She
Read More
—Katie Ross

Bennett House touts respite for senior caregivers

Adult day-care center opens in Coeur d'Alene
February 27, 2014
Katie Ross
Coeur d'Alene businessmen Rick Bennett and George Cunningham have opened an adult day care facility, called Bennett House, to provide caretakers some respite from tending to elderly loved ones. Bennett and Cunningham formed a partnership to open Ben
Read More
—Katie Ross

AmericanWest Bank grows loans, eyes more acquisitions

Bank extended $1 billion in credit in last two years
February 27, 2014
Katie Ross
Spokane-based financial institution AmericanWest Bank has experienced an organic loan growth rate of about 10 percent a year for the last two years, which is double the industry standard, claims CEO Scott Kisting. The bank also has extended a total of
Read More
—Linn Parish

Secured Investment Corp. to franchise Cogo Capital

Having tested concept here, company to expand
February 27, 2014
Linn Parish
Secured Investment Corp., the Coeur d'Alene-based private-money lender, plans to start franchising its young retail subsidiary, Cogo Capital LLC, in an effort to increase its loan volume more quickly. Not quite 1 1/2 years old, Cogo Capital has corp
Read More

Banner's net declines for quarter, all of 2013

Bank reports increases in total assets, deposits
February 27, 2014
Lucas Thayer
Banner Corp., the Walla Walla, Wash.-based parent of Banner Bank and Islanders Bank, has reported fourth-quarter net income of $11.6 million, or 60 cents a diluted share, a decrease from $13.3 million, or 69 cents a share, in the year-earlier quarter.
Read More
—Treva Lind

Lenders play by new ability-to-repay rules

Criteria meant to verify borrowers won't get in over their heads
February 27, 2014
Treva Lind
Spokane-area banks and credit unions are adjusting to new federal residential mortgage lending standards that require federally insured lenders to take additional steps when collecting a borrower's financial information and calculating ability to repay
Read More

SBA lenders predict volume rebound in 2014

Fee waivers aim to boost demand for smaller loans
February 27, 2014
Mike McLean
Some lending institutions that are among the leaders here in originating U.S. Small Business Administration-backed loans are anticipating renewed interest from borrowers this year, following a dip in total loan volume in the SBA's Spokane district in 20
Read More
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