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Banking & Finance

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Mind to Market: Filling a startup funding gap in Spokane

Company launched to fund early-stage companies
February 15, 2018
A handful of Spokane-area investors, including a mix of organizations and individuals, has developed Mind to Market LLC to invest in early-stage startups-and to fill a gap in the region's entrepreneurial ecosystem. Steve Trabun, Avista Corp.'s reg
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Inland Northwest composite declines

Market capitalization for nine public companies totals $11.5 billion at year's end
February 1, 2018
The composite value of the nine Inland Northwest-based publicly traded companies dropped to $11.5 billion in the recently completed fourth quarter of 2017, a decrease of $700 million, or 5.7 percent, from the previous quarter, according to a quarterly rep
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—Kevin Blocker

Coming off banner year, State Bank projects growth

Net income hit new high last year, Deckard says
February 1, 2018
Greg Deckard, president and CEO of 115-year-old State Bank Northwest, says the financial institution is poised for another strong year as it anticipates adding to its more than $140 million in assets. Last year, the bank experienced a nearly 16 percent
Read More
—LeAnn Bjerken

In most cases, new tax law is good for business

Spokane CPAs outline five biggest changes
February 1, 2018
LeAnn Bjerken
The recently passed, voluminous Tax Cuts and Jobs Act contains several big changes, many of which are expected to benefit businesses, Spokane tax advisers say. Anson Avery, accountant and owner of Anson Avery CPA PLLC, says he's already put in over 6
Read More
—Samantha Peone

Spokane financial adviser offers alternative use of 401(k)

Baker says clients can convert accounts via in-service rollovers
February 1, 2018
Samantha Peone
A Spokane financial adviser has started promoting a retirement investment alternative for people who want more control over their employer-sponsored 401(k) funds while still employed. Many people don't know much about their 401(k) accounts because empl
Read More

Last Metropolitan Mortgage payments could come this year

Court ruling strikes blow to remaining asset value
January 18, 2018
Kim Crompton
Investors who lost tens of millions of dollars when Spokane-based Metropolitan Mortgage & Securities Co. and affiliate Summit Securities Inc. shut down about 14 years ago could receive a final distribution late this year from trusts set up to recoup some
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Finance industry executives are bullish despite rate hikes

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December 21, 2017
LeAnn Bjerken
Bank, credit union, and investment market executives here remain mostly bullish about the coming year, despite possibly growth-dampening effects of anticipated Federal Reserve rate hikes and potential impacts of tax reform. Earlier this month, the Fede
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Inland Northwest economy to build upon gains of 2017

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December 21, 2017
Linn Parish
Employers in Spokane County are projected to add jobs in 2018 at about the same pace they did this year. Meantime, business leaders in some sectors expect to build on this year's momentum, while others are planning for activity to level off or slow.
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Cogo Capital to re-enter Spokane with new office

CEO says company will hire 30 employees here
December 21, 2017
LeAnn Bjerken
Coeur d'Alene-based real estate investment lending company Cogo Capital LLC says it plans to re-enter the Spokane market and open an office on downtown's periphery in February. Cogo Capital CEO Lee Arnold says the company purchased a building at 217
Read More
odd Radwick, president of Radwick Financial Group LLC, of Winthrop, Wash., is an insurance and financial adviser. He can be reached at 509.996.3425 and at  todd@radwickfinancial.com

Rider provides hedge for disability insurance

Premiums will be refunded if policy is claim free
December 7, 2017
Todd Radwick
Disability insurance with a return-of-premium rider is a type of insurance made to protect your income if you get sick or hurt and can't work, but where you can get a 100 percent refund of all your premiums paid, typically at age 67, if you don't have
Read More
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