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Banking & Finance

Former Northwestern Mutual adviser pleads guilty to wire fraud

John Charles Hanson said to have taken millions
November 5, 2015
A former Spokane-based financial adviser with Northwestern Mutual Investment Services pleaded guilty last month to operating a Ponzi scheme and stealing nearly $2.5 million from his clients. John Charles Hanson pleaded guilty to wire fraud before a U.S.
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Trio of SBA veterans form consulting company

Three women plan to teach system to lenders
November 5, 2015
LeAnn Bjerken
Coralie Myers and Pat Johnson, of Spokane, along with Lisa Lerner, of Phoenix, have formed a new national company here called SBA Simplified LLC, with the goal of advising lenders on how best to use new lending software.
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Southern Idaho credit union extends its reach to Cd'A

ICCU takes over at former Public Employees branch
November 5, 2015
Mike McLean
Southeast Idaho-based Idaho Central Credit Union is operating its first North Idaho branch after having recently absorbed the assets and liabilities of Public Employees Credit Union of Coeur d'Alene.
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Federal Reserve action stirs policy error concerns

Timeline for raising rates has become more murky
November 5, 2015
Steve Scranton
Much anticipation and discussion swirled throughout the summer regarding when the Federal Reserve would begin the process to normalize interest rates, with economists and forecasters pretty evenly split between whether or not the Fed would start in Septem
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—Kevin Blocker

Inspirus works to boost membership in Spokane

Credit union dedicated funds to local schools
November 5, 2015
Seattle-based Inspirus Credit Union has stepped up its efforts to add new members in the Spokane area as part of an ongoing effort to reach out beyond its traditionally teacher-based membership, located mostly on the West Side.
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Economic statistics don't tell the market's entire story

Some indicators might have become antiquated
November 5, 2015
Michael Maehl
As I review the daily market news and read the economic comments from various sources, it occurs to me that the current measurements being used don't really show the true strength of our total economy.
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—LeAnn Bjerken

Numerica Credit Union remodels, adds branches

New design aims to enhance member experience, services
November 5, 2015
LeAnn Bjerken
Numerica Credit Union has been growing not only in terms of membership and assets, but also through branch renovations and additions.
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—Mike McLean

Umpqua's integration

Oregon bank puts emphasis on employee empowerment
November 5, 2015
Mike McLean
Portland-based Umpqua Holding Corp., the parent company of Umpqua Bank, has based an executive team in Spokane to integrate the best of the cultures of Umpqua Bank and the venerable Spokane-based Sterling Bank, which Umpqua acquired last year.
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INW stock composite suffers loss for quarter

Avista Corp. rebounds with strong third quarter
October 22, 2015
Hart Capital Management Inc.'s Inland Northwest Composite, which tracks the aggregate market value of 11 publicly traded companies in the region, fell 8 percent in the third quarter to $7.03 billion, from $7.64 billion in the second quarter 2015. It m
Read More

H-Source goes public on Canadian Securities Exchange

Spokane-based medical exchange looks to grow
October 22, 2015
Stacey Denny
Spokane-based H-Source Holdings Ltd., which owns young online medical marketplace H-Source Inc., went public on the Canadian Securities Exchange earlier this month. The company, which is trading under the symbol HSI, released 50 million shares, with a 3
Read More
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