Banking & Finance

RV loan demand speeds ahead

Consumer confidence a contributing factor

August 11, 2016

Both lenders and dealers say consumer interest in recreational vehicle loans has grown here this year, as unemployment and gas prices remain low and buyers remain confident about the economy. While many people might think of motor homes when they hear t

General Growth Properties sees drop in earnings

GGP reports rise in its rental rates

August 11, 2016

LeAnn Bjerken

General Growth Properties Inc., the Chicago-based company that owns and operates both the NorthTown Mall and Spokane Valley Mall, has reported a decrease in second-quarter earnings compared with the year-earlier period. The company posted second-quarter

Inland Northwest stock composite jumps

Market capitalization rose 19 percent in Q2

August 11, 2016

Hart Capital Management Inc., of Spokane, says the composite value of the 10 publicly traded Inland Northwest companies rose to $9.8 billion in the second quarter of 2016, an increase of $1.6 billion, or 19 percent, from the previous quarter. It's the

Northwest Farm Credit posts rise in capital, net income

Earnings remains down for first half of the year

August 11, 2016

Linn Parish

Northwest Farm Credit Services, the Spokane-based agricultural lending cooperative, has reported second-quarter earnings of $57.9 million, up 3 percent from $56.1 million in net income during the year-earlier period. As of the end of the second quarter,

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

Indexed universal life can be an attractive alternative to Roth IRAs

Specialized insurance policy offers flexibility, security

July 28, 2016

Todd Radwick

Roth IRAs are a popular savings tool for retirement for those wanting to make after-tax contributions with tax-free withdrawals at retirement, but they definitely aren't perfect or without their problems and challenges. Roth IRAs are particularly popu

HomeStreet expands commercial lending here

Seattle-based institution also planning retail branch

July 28, 2016

Mike McLean

HomeStreet Inc., a Seattle-based lender that does business as HomeStreet Bank, has expanded commercial lending services into Spokane and has hired financial services veterans Steve Storey and Cliff Poffenroth to lead commercial lending here. HomeStreet B

Looking inward at Numerica Credit Union

Organization searches its own ranks for emerging leaders

June 30, 2016

LeAnn Bjerken

With a current total of 115,000 members and $1.5 billion in assets, Spokane-based Numerica Credit Union continues to grow. And according to human resources external recruiter Jennifer Little, a key part of Numerica's success comes from its focus on bu

Lincoln Heights retail center gets $10.5 million refinancing

Newmark Realty arranges 20-year loan for borrower

June 30, 2016

Mike McLean

San Francisco-based Newmark Realty Capital Inc. has arranged $10.2 million in permanent financing for Lincoln Heights Shopping Center. Demetri Koston and Skip Slavin, vice presidents of Newmark, respectively based in Spokane and Seattle, arranged the loa

Bank On initiative hopes to reach more people this year

Marketing campaign aimed at low-income households

June 16, 2016

Chris Street

Bank On Spokane, a four-year-old initiative that seeks to help low- to moderate-income households establish banking accounts, says it's launching a new marketing campaign in an effort to reach more people. Marcia Dorwin, credit analyst at Inland North

Minimizing inflation's effects on retirement nest eggs

Several factors can cause savings to dwindle quickly

June 16, 2016

Rob Blume

With life expectancy increasing and traditional defined-benefit pension plans disappearing, many Americans are fearful of outliving their savings and running out of money in retirement. How do you know how much money you'll need? Retirement planning is