Banking & Finance

RiverBank names new CEO

Wilson promoted from chief banking officer at bank in U District

December 16, 2021

Spokane-based RiverBank Holding Co., the parent company of RiverBank, has named Michael F. Wilson as its new CEO. Wilson succeeds Mark Dresback, who died unexpectedly on Nov. 4. Wilson, who most recently served as chief banking officer at RiverBank

HMA CPA acquires Kavadias accounting

Firm working out of two offices with plans to seek single, combined space

December 16, 2021

Mike McLean

Spokane accounting firm HMA CPA PS has acquired a smaller Spokane firm, Kavadias Group PLLC, and the combined firms will operate under the HMA name, says shareholder Kevin Sell. In the transaction, HMA has brought on all eight staff members from

Sentiments of hope, worry are ever present in stock market

Current financial position remains accommodative

December 2, 2021

Tim Mitrovich

Worry is real. So are reasons to be hopeful. One of the hardest parts about dealing with worry is that there are usually good reasons to worry. Even in 'good timesâ€ there are issues or potential issues, and the inevitably of struggle in some area of

D.A. Davidson promotes wealth management for all

In 2020, company saw 9% rise in net revenue

December 2, 2021

Karina Elias

Wealth management isn't just for the wealthy, says Michael Jackson, senior vice president and Spokane-Coeur d'Alene branch manager at D.A. Davidson & Co. Jackson says he encourages anybody interested in their financial future and well-being to

Many boomers expect to carry debt into retirement, observers say

Some advisers here urge debt-relief strategies for security, peace of mind

December 2, 2021

Erica Bullock

A large share-46%-of American consumers say they expect to retire in debt, according to a recent survey by MoneyMagnify, a subsidiary of Charlotte, North Carolina-based Lending Tree, and some financial advisers here say that expectation isn't

Concerns about inflation are, well, inflated, advisers say

INW observers downplay effects on retirement investments

December 2, 2021

Virginia Thomas

As inflation becomes a growing concern for the U.S. economy, some wealth management advisers here say it shouldn't be a threat for most investors. In October, the U.S. Bureau of Labor Statistics said the consumer price index for all consumers increased

Dallas company acquires Northwest Farmer-Stockman

Longtime insurance company expected to keep name, employees

November 29, 2021

Staff Report

Cowles Co. has sold its longtime insurance subsidiary, Northwest Farmer-Stockman Inc., to Dallas-based Integrity Marketing Group.

Employers can take steps to rebuild workforce

Many sidelined people expected to reemerge in growing job market

November 18, 2021

Kurt Walsdorf

As U.S. economic growth continues, industries from transportation, dining, housing, and manufacturing are adapting quickly to scale their operations up to pre-pandemic levels. But labor shortages driven by the pandemic are a fast-growing challenge

Horizon, Great Falls-based credit unions to combine

Transaction to be completed next year

November 17, 2021

Virginia Thomas

Spokane Valley-based Horizon Credit Union is combining with Great Falls, Montana-based Embark Credit Union, the financial institutions announced this afternoon.

CUs present investment services via third party

Advisers work to raise awareness of offerings

November 4, 2021

Erica Bullock

Credit unions usually aren't known for offering investment services to their members, however, separate partnerships between two local credit unions and a third-party broker-dealer intend to illuminate investment strategies and offerings available to