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Banking & Finance

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Financial news briefs

November 7, 2024
Journal of Business Staff
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Fruci & Associates embraces flexible schedules as recruiting tool

Firm attracts burnt-out workers, grows team
November 7, 2024
Karina Elias

While the accounting industry faces an employee-pipeline crisis, Kemper Rojas, managing partner at Fruci & Associates PS, says the Spokane-based accounting firm has been engaging strategies focused on talent retention and recruitment. 


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Credit unions acquire community banks at record pace

Washington state leads the nation in credit union purchases of banks in 2024
November 7, 2024
Erica Bullock

U.S. community bank sales to credit unions have reached a record high of 19 acquisitions announced nationwide from Jan. 1 to Oct. 25, but the trend is of concern to some bankers who are calling on more federal oversight of the transactions.


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Planning for giving to heirs can involve nuance

Some devices have more tax liability than others
November 7, 2024
Beau Ruff

In his latest column, wealth planner Beau Ruff explains potential tax implications related to gifts.


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Businesses shift strategies to give to disaster relief

Emergency events provoke change in aid and support
October 24, 2024
Karina Elias

With the increased number of natural disasters and emergency events occurring in recent years, businesses have evolved in how they respond and provide support. 


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Michael Maehl

Several financial vehicles facilitate charitable gifts

Some have tax benefits; others preserve income
October 24, 2024
Michael Maehl

Retirement income specialist Michael Maehl describes some of the most common financial vehicles for charitable giving.


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Tithing through a will can be overly complicated

Defining gift as lump sum rather than percentage is simpler to execute
October 24, 2024
Beau Ruff

Tithing a certain percentage of an estate rather than giving a defined sum adds to complexities the executor of a will must perform.


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Numerica plans first Sandpoint-area branch

New location expected to open in fall of 2025
September 26, 2024
Journal of Business Staff

Numerica Credit Union plans to enter the Sandpoint-area market with a new retail branch next year. 


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Quantum Financial relocates in North Bank neighborhood

Wealth management firm acquired office building last summer
September 26, 2024
Dylan Harris

Spokane-based Quantum Financial Planning Inc. will begin operating at its recently acquired office building, at 720 W. Boone, next week.


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Five Takeaways: Spokane's Entrepreneurial Ecosystem

with Skye Henderson, VP of venture investments at Cowles Ventures
September 26, 2024
Linn Parish

The Journal of Business hosted Skye Henderson, vice president of venture investments for Cowles Ventures, for its most recent Elevating The Conversation podcast.


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