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Banking & Finance

ICCU to build new branch on South Hill

$6M project to start next year at former Wells Fargo location
May 25, 2023
Dylan Harris
Chubbuck, Idaho-based Idaho Central Credit Union plans to open a new branch at the site of a former Wells Fargo building on Spokane's South Hill. ICCU will demolish the Wells Fargo building, located at 2910 E. 30th, just east of South Regal Street
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Ten Capital reaches $1 billion in managed assets

New milestone coincides with Hightower strategic partnership
May 25, 2023
Karina Elias
Ten Capital Wealth Advisors LLC, of Spokane, has reached $1 billion in assets under management between its home offices in Spokane and its offices in Seattle, Washington. 'Reaching ($1 billion) lets us know we're doing something right, to be able
Read More

Bank of America tower renovations are underway

Permits to improve interior total $1.75M
May 11, 2023
Erica Bullock
The tallest building in Spokane has several ongoing construction projects that will improve multiple tenant spaces inside the 42-year-old tower. Over the last 16 months, the Bank of America Financial Center, at 601 W. Riverside, has had seven
Read More

Foreclosures rise in INW, following national trend

Increase in defaults said not alarming yet
May 11, 2023
Erica Bullock
Recent foreclosure activity in Spokane and Kootenai counties shows a significant increase during the first three months of 2023 compared to the year-earlier period, following a year-over-year increase in 2022. Foreclosures on deeds of trust in Spokane
Read More

Millennials forced to play with unluckiest hand

Generation hesitated to invest after 2008 financial crisis, faces rising costs to borrow
April 27, 2023
Noah Schwab
Millennials, members of the generation born between 1981 and 1996, have been dubbed the 'unluckiest generation” regarding financial timing. They are coming of age during economic instability and macro environment changes that have drastically
Read More

Parting Thoughts with bank executive Phyllis Campbell

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April 27, 2023
Karina Elias
A half-century after starting her banking career in Spokane, Phyllis Campbell, 71, has retired from her last banking role as chairman of JPMorgan Chase & Co. for the financial services company's Seattle-based Pacific Northwest region.
Read More

Markets show signs of resilience so far this year

Investors still polarized between extreme fear, renewed bullish attitude
April 13, 2023
Tim Mitrovich
After a brutal 2022 across most asset classes, many investors probably felt 'cursed,” and as we entered 2023, there was no shortage of doomsday scenarios being espoused. And yet, risk markets year-to-date have proven to be resilient despite a still
Read More

Cd'A-founded Idaho Trust sees steady growth

Two-branch institution's finance services include managing clients' wealth
April 13, 2023
Keith Erickson
Operating out of its original branch in downtown Coeur d'Alene for nearly three decades, Idaho Trust Bank has seen robust growth with a mix of traditional banking and wealth-management services. Idaho Trust co-founder and CEO Tom Prohaska says
Read More

Recent bank stress is far different from 2008 financial crisis

Industrywide performance, however, expected to be lag on economic recovery
April 13, 2023
Shawn Narancich
The wave of rolling crises the world experienced 15 years ago amid what would come to be known as the global financial crisis stands in marked contrast to that being experienced today in U.S. banking. We reflect on the shotgun weddings of JP Morgan
Read More

SECURE Act 2.0 focuses on US small business

Legislation encourages such employers to set up worker retirement plans
April 13, 2023
Noah Schwab
With over 90 changes, the SECURE Act 2.0 of 2022 aims to entice small businesses to build upon the original Setting Every Community Up for Retirement Enhancement Act passed in 2019 to help Americans save more for retirement.
Read More
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