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Banking & Finance

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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
Read More

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
Read More

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
Read More
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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
Read More

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

Suzanne Weathers: Consider tax implications early in business startups

Compliance analysis should occur before incorporation
August 17, 2017
Guest Writer
There are so many things to consider when starting a business that it can boggle the mind. Having started out in private practice myself just over a year ago-walking away from a position after 10 years-I understand the vacillation between both exci
Read More
—Kevin Blocker

Richards, Merrill & Peterson targets client diversity

Firm oversees $800 million in assets for 3,300 people
August 17, 2017
The operators of the Spokane-based private investment firm Richards, Merrill & Peterson say they take great pride and pleasure not in the amount of assets it oversees, but in the diversity and size of its client base. The firm oversees more than $800 mil
Read More
—Mike McLean

Kavadias Hall PLLC: Accounting for expansion

Small firm adds more staff this year
August 17, 2017
Mike McLean
While the namesakes at the Spokane accounting and business consulting firm Kavadias Hall PLLC prefer the small-firm environment, prolonged strong growth has forced them to double their accounting staff so they can manage the workload. Jeff Kavadias, the
Read More
—Mike McLean

Washington Trust Bank projects highlight concierge concept

Two remodels nearly finished; Manito branch to be replaced
August 17, 2017
Mike McLean
Spokane-based Washington Trust Bank is completing two major remodels and constructing a replacement bank branch here that will highlight the bank's ongoing financial-concierge initiative. Washington Trust is investing nearly $2 million on the projects,
Read More
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