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Banking & Finance

Kevin Blocker

Salvation Army Spokane sees food requests soar

Pandemic said to drive demand for services
July 30, 2020
Kevin Blocker
The Salvation Army Spokane distributed nearly 4 million pounds of food to individuals and families in need last year. As a result of temporary furloughs and permanent layoffs due to economic lockdown imposed in the state's response to the COVID-19
Read More
Natasha Nellis

Some employers here make 401(k) adjustments

Study shows rising risk to post-work income due to virus outbreak
July 30, 2020
Natasha Nellis
Americans already were struggling to save for retirement, and the pandemic has only made the situation worse, reports show. Local industry observers say, however, some Spokane employers largely have stayed on track with retirement plans, while others
Read More
Women Helping Women Fund

Socially distanced, socially conscious

Some nonprofits switch to longer fundraising cycles, spend less on overhead
July 30, 2020
Virginia Thomas
Instead of canceling fundraising events, many Inland Northwest nonprofits have moved them into the digital realm. Donor participation in charity events is lower, but some nonprofits say they're receiving nearly as many donations as in prior years from
Read More

Inland Northwest executive pay inches upward

Modest increase follows fluctuations in previous two years
July 30, 2020
Linn Parish
Pre-pandemic executive pay increased by just 1% for executives at Inland Northwest-based publicly traded companies in 2019, according to a Journal of Business analysis.
Read More

Medcurity nets second investment from West Side

SeaChange puts $500,000 into medical-records startup
July 16, 2020
Kevin Blocker
Medical records-tech company Medcurity Inc. says it has secured a second round of funding this year from a West Side investment firm. The firm, SeaChange Fund, invested $500,000 in Spokane-based Medcurity earlier this month. SeaChange, founded in 2018
Read More
KEVIN BLOCKER

Longtime financial advisory firm Vickerman Driscoll merges into Ten Capital

Combined firm has $700M-plus in assets under management
July 16, 2020
Kevin Blocker
The largest financial advisory firm headquartered in Spokane just got considerably bigger. Ten Capital Wealth Advisors LLC has merged into its operations Vickerman & Driscoll Financial Advisors Inc., says Ten Capital CEO Tim Mitrovich.
Read More

At least 44K jobs said to be preserved in Spokane area through PPP

Nearly 6,500 employers land loans totaling 100s of millions of dollars
July 16, 2020
Virginia Thomas
Nearly 6,500 Spokane-area employers received hundreds of millions of dollars tied to preserving at least 44,000 jobs through federal Paycheck Protection Program loans. The U.S. Small Business Administration declines to disclose the total loan volume
Read More
VIRGINIA THOMAS

A taxing season for Spokane CPAs

Tax preparers here stretched thin as extended deadline nears
July 2, 2020
Virginia Thomas
The federal tax filing deadline extension has created additional stress for Spokane accountants. As the new July 15 deadline approaches, many clients have put off filing until the last minute, and some CPAs here say that has created a bottleneck of work
Read More

Lessons from Great Depression are relevant now

Resilience may again drive economic recovery
June 18, 2020
Rick Biel
As a financial adviser, I have obtained a variety of industry licenses and designations. However, before becoming an adviser, I earned a master's degree in history from Eastern Washington University.
Read More
KEVIN BLOCKER

Craft3 works to finance unconventional borrowers

Office here has loaned $20M in five years
June 18, 2020
Kevin Blocker
In a time like this, the value of the nonprofit Craft3 can't be underestimated, claim two of the organization's Spokane employees. Craft3 specializes in lending to businesses and people who can't secure funding from conventional sources.
Read More
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