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Banking & Finance

Four benefits trends shape destination workplaces

Employers enhance perks to offset rising health costs
October 26, 2017
Charlie Issacs
As businesses tally expenses and set their budgets for next year, many won't be able to escape the fact that health care price inflation continues to fuel increases in the cost of benefits. According to Arthur J. Gallagher & Co.'s 2017 Benefits Strat
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Inland Northwest Bank parent reports drop in earnings

Company attributes dip to acquisition costs
October 26, 2017
LeAnn Bjerken
Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, has reported third-quarter net income of $960,000, or 13 cents a diluted share, down from income of $1.55 million, or 24 cents a share, in the year-earlier quarter. For t
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Inland Northwest composite increases

Seven of nine companies had gains in market cap
October 26, 2017
LeAnn Bjerken
Hart Capital Management Inc., of Spokane, says the composite value of the nine publicly traded Inland Northwest companies increased to $12.2 billion in the recently completed third quarter, an increase of $1.1 billion, or 9.7 percent, from the previous qu
Read More

STCU names Eckhardt as its new president, CEO

Veteran bank executive to replace retiring Tom Johnson
October 16, 2017
Staff Report
STCU, the Liberty Lake-based credit union, announced this afternoon that it has selected veteran bank executive Ezra Eckhardt to become its new president and CEO. He will start in that position Jan. 1. Eckhardt will replace Tom Johnson, who announced p
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Median household income increase in Spokane County outpaces U.S., state

Analyst says gain is due to increase in jobs, not wages
October 12, 2017
LeAnn Bjerken
Household income in Spokane County has increased at a faster pace than statewide and national incomes, data compiled by the Community Indicators of Spokane Initiative show. Countywide annual median household income rose 9.3 percent last year, according t
Read More

Cover all essential bases when retirement planning

Prep for income needs, health care expenses
September 28, 2017
Michael Maehl
Whether you're considering an upcoming retirement or already have made your transition and want to cover your proverbial bases, a few ideas will help you make plans and decisions. First, have a will in place. If you haven't reviewed yours in the last
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Banner Bank closes its branch near NorthTown

Spokeswoman cites lack of customer traffic
September 14, 2017
LeAnn Bjerken
Banner Corp., the Walla Walla-based parent of Banner Bank, has closed its branch in the Northtown Office Building, at 4407 N. Division, just south of NorthTown Mall. Kelly McPhee, Spokane-based vice president of communications and public relations for Ba
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Stay Alfred to provide stock options to employees

CEO says move will serve as an incentive for workers
September 14, 2017
LeAnn Bjerken
Stay Alfred, the nationwide urban vacation rental company based here, says its full-time employees will receive stock options in the 6-year-old company. In an August 31 press release, the company said the offerings are expected to create 'future owners
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Spokane-Coeur d'Alene area's decline in public-company headquarters proves steep

Metro area has lost more than similar sized MSAs
September 14, 2017
LeAnn Bjerken
The Spokane-Coeur d'Alene area has lost publicly-traded company headquarters at a greater rate than similar sized metropolitan areas, according to an analysis completed earlier this month by Spokane-based Hart Capital Management Inc. Nine publicly trad
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WTB Financial's earnings rise in second quarter

Second-quarter loans were up 7 percent year over year
August 31, 2017
Fueled by continued strong loan growth, WTB Financial Corp., the Spokane-based parent of Washington Trust Bank, says its second quarter net income rose by just more than $1 million from the end of the 2016 second quarter. Larry Sorenson, Washington Trust
Read More
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