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Banking & Finance

Pandemic pushes scores of people toward retirement

Many choose to leave jobs during challenging time, observers say
February 11, 2021
Kevin Blocker
Last year, investment adviser Kyle Weir received a call from a client looking to explore her options. Weir's client, a veteran educator, was right against retirement age.
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Short-term market behavior can be counterintuitive

Some investors predict 'fiscal goldilocks' picture in federal power shift
January 28, 2021
Tim Mitrovich
How many times, especially in the last year, have you found yourself saying, 'I just don't understand Mr. Market?” I certainly had more than a few, even after 25 years and countless hours of studying markets. The often counter-intuitive nature of
Read More

Federal student aid system undergoes overhaul

Bill expands eligibility for federal Pell Grants
January 28, 2021
Natasha Nellis
Several policy changes were included in the recently approved 2021 Omnibus spending bill that will ease the federal student aid application process and expand Pell Grant eligibility, industry observers here say.
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Promotion reflects love of community banking for State Bank Northwest exec

Bruggink named president of State Bank Northwest
January 28, 2021
Kevin Blocker
The banking field hasn't lost its luster for Lorilei Bruggink, who has worked in the industry for 35 years and was named president of Spokane Valley-based State Bank Northwest earlier this month.
Read More
VIRGINIA THOMAS

Spokane-area lenders undertake second round of PPP funding

Bankers say program offers long-term benefits for financial industry
January 28, 2021
Virginia Thomas
The U.S. Small Business Administration has released a third round of Paycheck Protection Program loan funds, and bankers here say they're prepared to handle changes made as a result of updates to the program.
Read More
Virginia Thomas

Q&A with Numerica Credit Union's Carla Cicero

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January 28, 2021
Virginia Thomas
Carla Cicero was born and raised in Los Angeles, where her credit union career began in her teenage years. In 2011, she came to Spokane from a Wisconsin credit union to become president and CEO at Spokane Valley-based Numerica Credit Union.
Read More
Journal File Photo

The closing chapter on the Metropolitan Mortgage saga

Metropolitan bankruptcy saga likely has concluded
January 28, 2021
Kim Crompton
U.S. Bankruptcy Court trusts have issued what might be the final payments to investors who lost hundreds of millions of dollars when Spokane-based Metropolitan Mortgage & Securities Co. and affiliate Summit Securities Inc. shut down nearly two decades ago
Read More

Eastern Washington bankruptcy filings decrease despite hard times

Some attorneys here say trend may reverse in '21
January 28, 2021
Kevin Blocker
Despite the economic havoc COVID-19 brought on wide swaths of the economy last year, the pandemic's presence didn't halt the downward trend of bankruptcy filings in Eastern Washington.
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Denver firm buys Spokane-based company Hart Capital

Mercer Advisors has $27B in managed assets
January 21, 2021
Kevin Blocker
Mercer Global Advisors Inc., of Denver, announced Thursday morning it has acquired Hart Capital, which was founded by Hart in 1998. He and the company's team of nine advisers will join Mercer Advisors.
Read More

Spokane accounting firm splits into two units

Assure CPA focuses on public company auditing
January 14, 2021
Virginia Thomas
Spokane accounting firm DeCoria, Maichel & Teague PS is splitting into two entities but will remain under the same roof. Jeff Maichel, who founded the firm in 1997, says it will be divided into Assure CPA LLC, which he'll
Read More
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