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Banking & Finance

—Mike McLean

Banner Bank expands in Spokane following merger with AmericanWest Bank

Walla Walla corporation now has 320 Spokane-area employees
June 16, 2016
Mike McLean
Walla Walla-based Banner Bank has expanded its operations here significantly since completing a merger with former Spokane-based AmericanWest Bank, says Kirk Quillin, Banner Bank's east region senior vice president. Since the merger with AmericanWest w
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Inland Northwest stock composite starts fast off the blocks in 2016

Market capitalization rose almost 15 percent in Q1
May 5, 2016
Hart Capital Management Inc. says the composite value of the 10 publicly traded companies in the Inland Northwest rose by $1 billion to $8.2 billion for the first quarter of 2016, compared with the previous quarter. It's the second straight quarter the
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Seattle wealth management firm acquires Summit

Combined company now handles $2 billion in assets
April 21, 2016
Seattle-based Merriman Wealth Management LLC has acquired Summit Capital Management LLC, with offices in Spokane and Seattle. The acquisition, which took effect April 1, is part of Merriman's overall regional growth strategy. Summit Capital will assum
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—LeAnn Bjerken

Financial services society expects to expand here

Modern Woodmen hopes to hire more advisers
April 7, 2016
LeAnn Bjerken
Modern Woodmen of America, a member-owned fraternal benefit society that sells life insurance, annuities, and other investment products, is looking to expand its team of financial representatives as well as its membership in the Spokane area. Modern Woo
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—Kevin Blocker

Whitworth finance team off to national competition

Student team advances for second straight year
April 7, 2016
Whitworth University's four-student Chartered Financial Analyst (CFA) team heads to Chicago next week to compete in an international competition against teams from more than 100 colleges and universities from around the world. The four-day event starts
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—Treva Lind

Wheatland Bank cultivates growth

Company expands offices after buying downtown Spokane building
April 7, 2016
Treva Lind
Spokane-based Wheatland Bank continues to hold a position of strong liquidity after record 2015 year-end earnings, fueled by its highest percentage loan growth in 36 years, and its CEO expects ongoing gains this year. Meanwhile, Wheatland will expand off
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—Mike McLean

Panhandle EXPANSION

Credit union plans to construct new Post Falls, Hayden branches
April 7, 2016
Mike McLean
Southern Idaho-based Idaho Central Credit Union has just one modest branch in North Idaho, but the credit union has big growth plans there, just as it's enjoying consistent strong performance across the financial cooperative, says Coeur d'Alene branch
Read More
—Kevin Blocker

A word to the young: Save lots, spend a whole lot less

Bad money habits span generations, advisers say
March 10, 2016
Spokane-area financial advisers say they have become more assertive in their efforts to help young workers build savings while planning for retirement. 'What's the biggest challenge for young people saving for retirement? In a word, life,” says Pau
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—Kevin Blocker

Northwestern Mutual-Inland Northwest to grow

Company's new managing partner says demand for financial help is high
March 10, 2016
In an effort to meet rising customer demands for its products and services here, Northwestern Mutual-Inland Northwest expects to add 30 new advisers and 30 interns this year across its nine regional offices, managing partner Paul Hanson says. 'Consumer
Read More

Northwest Farm Credit's earnings rise

Co-op members receive $92 million in patronage
March 10, 2016
LeAnn Bjerken
Northwest Farm Credit Services has reported 2015 earnings of $255.6 million, an increase of $27.5 million, or 12 percent, compared with $228.1 million in 2014. The Spokane-based agricultural lending cooperative says its higher net income was due mostly
Read More
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