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Banking & Finance

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

Going mobile: Online banking usage spikes during pandemic

Inland Northwest banks, credit unions report more downloads, transactions
June 18, 2020
Natasha Nellis
With banks limiting contact between employees and their customers, the use of digital and mobile banking tools that the institutions have been investing in for years have seen sudden, dramatic spikes, Spokane-area financial industry representatives say.
Read More

Spokane bankers frustrated by sluggish guidance on PPP

Flexibility Act causes more confusion than clarity for some aspects of program
June 18, 2020
Virginia Thomas
Inland Northwest bankers say they're frustrated by a lack of federal guidance regarding particulars of the Paycheck Protection Program. Some say they and their customers are confused about some aspects of the program.
Read More

Financial sector better positioned for recovery now than during Great Recession

Capital flows more freely now than in last recession
June 4, 2020
Virginia Thomas
This isn't the Great Recession for Inland Nortwest bankers. And that's a good thing, executives here say. While the pandemic has brought a host of challenges, leaders at some banks and credit unions say financial institutions are in a much better
Read More
KEVIN BLOCKER

'Pause' could hamper WSU's research cause

Stoppage might hinder ability to secure funding at WSU Health Sciences
May 21, 2020
Kevin Blocker
Though money for research has risen steadily in recent years at Washington State University Health Sciences Spokane, officials are concerned a prolonged global pandemic could have a compromising effect on future funding.
Read More

Pledge 1200 garners commitments in 42 states

Consumers nationwide agree to spend stimulus funds in communities
April 23, 2020
Kevin Blocker
Residents from 42 states have committed to spending more than $1 million at struggling small businesses in their respective communities through an initiative co-founded by a young professional in Spokane.
Read More
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