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Banking & Finance

Mind to Market funds first startups

Program plans to support 10 additional companies
November 8, 2018
LeAnn Bjerken
Spokane-based Mind to Market LLC, an idea-stage accelerator and investment fund created to support startup companies, says it has provided its first $200,000 in funding to help grow five Inland Northwest startups.
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SBA lending in Spokane District reaches $226.7 million

Restaurant, hotel, gas stations account for bulk of activity here
November 8, 2018
Samantha Peone
Total lending backed by the U.S. Small Business Administration in the Inland Northwest rose $8.3 million through fiscal year 2018, data compiled by SBA indicates.
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—LeAnn Bjerken

Spokane Fintech startup launches expense software

After Washington Trust pilot, bank is offering tool to business clients
November 8, 2018
LeAnn Bjerken
The founders of Spokane-based financial technology startup Obloco Inc., which does business as XpenseOne, say they're laying the groundwork this year to make their cloud-based expense reporting software a staple product in the realm
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Interstate expansion

Three acquisitions to introduce Montana bank to Spokane-Cd'A in a major way
November 8, 2018
Virginia Thomas
In a matter of months, First Interstate BancSystem Inc. will go from having no presence to a prominent foothold in the Inland Northwest banking community.
Read More

Spokane Sears credit union to merge into PrimeSource

Regulatory nod given for transaction to be completed next month
October 25, 2018
Virginia Thomas
Spokane-based PrimeSource Credit Union is merging Sears Spokane Employees Federal Credit Union into its operations next month, say the CEOs of both institutions.
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First Interstate to acquire two North Idaho banks

Transactions valued at total of nearly $203 million
October 11, 2018
Staff Report
First Interstate BankSystem Inc., the Billings, Mont.-based parent of First Interstate Bank, has agreed to acquire two Kootenai County banks-Coeur d'Alene-based Idaho Independent Bank and Post Falls-based Community 1st Bank. The IIB and Community 1
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Fulcrum Financial office building rises on South Hill

Larger space will enable firm to grow, says owner
October 11, 2018
Samantha Peone
Construction is underway on a 3,000-square-foot building at 1216 S. Grand Blvd., on Spokane's South Hill, that will be the new headquarters for Fulcrum Financial Group LLC, says Sarah Lynn Carlson, the company's owner.
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—Natasha Nellis

2018 Rising Stars: Christopher Malde

Early experience with East Coast hedge fund shapes career path
September 13, 2018
Mike McLean
After having begun his professional career in Seattle and on the East Coast, Christopher Malde, owner of Malde Capital Management LLC, says living in Spokane is a dream come true. Malde, 36, grew up in Ellensburg, Wash., and attended Washington State
Read More
—LeAnn Bjerken

Know your credit score facts, myths

Many confused about what helps, hinders their ratings
August 16, 2018
LeAnn Bjerken
Most of us know there are times in life when you'll need things that can only be purchased using credit, including buying a new car, a first home, and paying for college. We also understand that in those situations, before lenders will give you that
Read More
—Samantha Peone

RiverBank sets course for continued rebound

Institution aims to exceed total assets of $225 million in next five to seven years
August 16, 2018
Samantha Peone
Spokane-based RiverBank plans to grow its assets by 8 percent to 14 percent a year during the next five to seven years to reach total assets exceeding $225 million, says bank CEO Dan Byrne. The goal aligns with RiverBank's climb from a recession
Read More
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