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Banking & Finance

As black swan event, pandemic strains coping capabilities

Unpredictable events, however, can inspire future preparedness
November 5, 2020
Sarah Carlson
Chances are, you've probably heard the saying 'life is unpredictable.” Albeit true, this statement can quickly become cliché. 2020 has been nothing short of unpredictable, and for many of us, the events of this past year have left us with many
Read More

Third-quarter bank earnings offer mixed bag

Some blame low interest rates for reduced income
November 5, 2020
Virginia Thomas
Some banks with a Spokane presence are reporting an increase in third-quarter net income due to strong mortgage production, while others posting a decline for the quarter point to lower interest income due to record-low interest rates as the reason.
Read More
Kevin Blocker

Target of integrity

Cd'A-based company bought by Texas firm
November 5, 2020
Kevin Blocker
Nearly seven years ago, Sean Ruggiero, a Coeur d'Alene-based financial investment adviser, started an annuity and retirement company in large part because of the financial uncertainties he experienced in his childhood.
Read More

Payday lending loses favor among borrowers

Effects of pandemic might reverse trend, however
November 5, 2020
Virginia Thomas
The popularity of payday lending in Washington state has been decreasing steadily, according to data released in August from the Washington state Department of Financial Institutions' 2019 Payday Lending Report.
Read More

Analysis suggests stability is returning to most INW public companies

Kaspien Holdings makes its debut in Hart index
October 22, 2020
Virginia Thomas
Some stability appears to be returning to the Inland Northwest's publicly traded companies after turbulence in the first half of the calendar year, as evidenced in an analysis by Spokane-based Hart Capital Management Inc.
Read More

Rockwood Retirement completes Whitworth project financing

Construction funded for independent-living units through $81.3M bond
October 22, 2020
Virginia Thomas
Rockwood Retirement Communities has completed its final round of bond financing for its Rockwood at Whitworth redevelopment project with $81.3 million in bond financing to be used to construct the second phase of the project.
Read More

Reimagining community investment in the INW

Huge transfer of wealth expected to come from baby boomer generation
October 22, 2020
Mason Burley and Colleen Fox
There is a tsunami coming. Before we cause needless alarm, this is not yet another unexpected emergency, but a demographic tidal wave that we have known about for some time.
Read More
JORDAN WERTMAN

Economic volatility influences donor behaviors

Fewer gifts, but major donors step up, fill gaps
October 22, 2020
Virginia Thomas
In a year fraught with economic turmoil stemming from a pandemic, Inland Northwest nonprofits say they've seen donor behaviors change in response to both their own economic uncertainty and the uncertainty nonprofits are experiencing.
Read More
VIRGINIA THOMAS

Cowles Co. establishes new venture-capital arm

Company has invested $85M in startups so far
October 22, 2020
Virginia Thomas
In an effort to diversify its corporate holdings and cement itself in the entrepreneurial ecosystem of the Inland Northwest, Spokane-based Cowles Co. has formally established a venture capital investment arm.
Read More

Vega Cloud secures $2.3 million in venture capital

Capital infusion to go to marketing, software development, CEO says
September 24, 2020
Kevin Blocker
Liberty Lake Cloud Inc., a Liberty Lake, Washington software company that does business as Vega Cloud, recently completed a $2.3 million round of investment funding. Vega Cloud CEO and co-founder Kris Bliesner says recent funding sources include the
Read More
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