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Banking & Finance

—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.
Read More

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

Tax planners await action by Congress on extenders

Uncertainty said to delay spending, giving decisions
October 22, 2015
Mike McLean
Some tax preparers here say they expect another late-season rush as they await congressional action on dozens of tax deductions, credits, and benefits collectively grouped together as extenders.
Read More

Northwest Farm Credit Services start design work on new headquarters on West Plains

Ex-Ambassadors building set for remodel, expansion
October 8, 2015
LeAnn Bjerken
Spokane-based Northwest Farm Credit Services has begun designing a $7.5 million remodel and expansion of what will be its new corporate headquarters on the West Plains.
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PayneWest Insurance consolidates its Spokane-area office

Operations merged into space in the U District
October 8, 2015
Samantha Peone
PayneWest Insurance has consolidated its Spokane-area offices into 21,500 square feet of space in the Riverpoint One office building, at 501 N. Riverpoint Blvd., in Spokane's University District, says Dan Antonietti, its managing director for administra
Read More
—Linn Parish

Tom Simpson: entrenched in entrepreneurship

-
October 8, 2015
Linn Parish
If it involves entrepreneurship and it's located in Spokane, chances are good that Tom Simpson has something to do with it. The 55-year-old Spokane native is president of the Spokane Angel Alliance investment fund, chairman and co-founder of Spokane e
Read More

Washington Trust leads Spokane County in deposits for sixth straight year

Bank of America, U.S. Bank stay in top three
October 8, 2015
LeAnn Bjerken
Washington Trust Bank continues to lead banks in deposits in Spokane County, says an annual market share report released late last month by the Federal Deposit Insurance Corp. The Spokane-based bank has topped the list every year since 2009, when Sterlin
Read More
—Mike McLean

Laying chips on the cards, in an effort to halt hackers

Parties still converting to new payment standards
September 24, 2015
Mike McLean
A quiet deadline is looming for businesses that accept credit and debit cards. After Oct. 1, most merchants that haven't switched to a new payment standard that encrypts certain identifying account information could be liable for losses if they accept
Read More
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