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Banking & Finance

June 19: Financial news briefs

June 19, 2025
Journal of Business Staff
BeauRuff.jpg

Major overhaul expands capital gains, estate taxes

Top 1% targeted under new Washington state law
June 19, 2025
Beau Ruff

In a landmark move to reshape its tax code, Washington State Senate Bill 5813 was signed into law May 20, 2025.


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Spokane City Council bans virtual currency kiosks

Ordinance passes amid uptick in scams
June 17, 2025
Journal of Business Staff

The Spokane City Council has voted unanimously to prohibit virtual currency kiosks within the city.


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SNAP Financial Access to relocate following funding cuts

Move part of effort to ensure long-term sustainability of services
June 13, 2025
Journal of Business Staff

Spokane Neighborhood Action Partners is relocating its SNAP Financial Access subsidiary to its office at 3102 W. Whistalks Way from the Martin Luther King Jr. Family Outreach Center, at 500 S. Stone.


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Michael Maehl

Understanding charitable systems helps boost impact

Donors who find appropriate philanthropic vehicles maximize generosity
May 22, 2025
Michael Maehl

In Greek, the word philanthropy means love of humanity.  


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Eckhardt,-Ezra_Influencers_web.jpg

Ezra Eckhardt, STCU part ways

Lindsey Myhre to serve as credit union's interim CEO
May 13, 2025
Journal of Business Staff

After serving as president and CEO of STCU for more than seven years, Ezra Eckhardt has left the Spokane-based credit union to pursue other endeavors, the organization announced today.


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Columbia Banking announces $2B acquisition, Umpqua name change

Tacoma-based company to acquire Pacific Premier Bancorp
April 24, 2025
Journal of Business Staff

Tacoma, Washington-based Columbia Banking System Inc., the parent company of Umpqua Bank, has agreed to acquire Irvine, California-based Pacific Premier Bancorp Inc. in a $2 billion transaction.


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Washington Trust parent reports earnings increase

First-quarter net income down from Q4 2024, however
April 21, 2025
Journal of Business Staff

W.T.B. Financial Corp. has reported first-quarter net income of about $17.1 million, an increase of about $5.7 million over the year-earlier quarter, but a decrease of about $3.8 million from Q4 last year.


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Global Credit Union completes First Financial Bank acquisition

System and brand integrations expected to occur later this year
April 14, 2025
Journal of Business Staff

Global Federal Credit Union has acquired First Financial Northwest Inc., the parent company of First Financial Northwest Bank.


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John-Graham_web.jpg

Investment planning lessons can be found on the links

Strategies on golf course apply to pursuit of financial goals
April 10, 2025
John Graham

Golf is an interesting game. It can be both exciting and frustrating, and both the excitement and frustration can occur in the span of just a few minutes.  


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