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Banking & Finance

—Scott Stucker

Spokane Federal sees membership growth spurt

Credit union reports strong gains in consumer loans
August 13, 2015
LeAnn Bjerken
Spokane Federal Credit Union began in 1956 with just a few hundred dollars and only seven employees who also served as its first members. Today, it has approximately 11,500 members, and about $137 million in assets.
Read More
—Mike McLean

SBA touts 504 financing tool

Overlooked loan program promotes job growth, retention here
August 13, 2015
Mike McLean
A U.S. Small Business Administration financing program is helping businesses expand and better position themselves for the economic turnaround, and Ted Schinzel, the SBA's Spokane branch administrator, says more businesses here could benefit from SBA 50
Read More
—Kevin Blocker

Taking Inland Northwest Bank to the next step

New CEO expects bank to strengthen its position in the Inland Northwest
August 13, 2015
New Inland Northwest Bank president and CEO, Russell Lee, is excited by what he sees for the bank's future.
Read More
—Mike McLean

Home-loan closing changes set to go into effect this fall

New rules said to benefit consumers, slow process
July 16, 2015
Mike McLean
New mortgage rate and fee disclosure requirements set to go into effect this fall are meant to help borrowers understand the terms of their home loans before they sign their mortgage contracts, but the rules also likely will slow the process or lead to de
Read More

Inland Northwest stock composite dips sharply in second quarter

Red Lion Hotels performs strongest during period
July 16, 2015
Kim Crompton
Hart Capital Management Inc.'s Inland Northwest Composite, which tracks the aggregate market value of 11 publicly traded companies in the region, fell by $736.5 million, or 8.8 percent, in the second quarter, to $7.64 billion, the company says. That'
Read More
—Kevin Blocker

Pawnbrokers see no letup in demand despite improved economy

Managers report default rate at 15 percent
July 16, 2015
Double Eagle Pawn district manager Brian Wegner believes he's in an industry that is in demand regardless of the economic times around him. Larry Carlson, the owner of Axel's Pawnshop, agrees. 'People always need to borrow money, both in good tim
Read More

INB parent to acquire Bank of Fairfield

Transaction valued at about $20.75 million
June 24, 2015
Staff Report
Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, has agreed to acquire Fairfield Financial Holdings Corp., which owns Bank of Fairfield, in a transaction valued at about $20.75 million. Based in Fairfield, Wash., a smal
Read More
—Linn Parish

Consultant here focuses on SBA lending niche

After diverse career, Roth helps women-led startups
June 18, 2015
Linn Parish
Laurie Roth has a wide range of business experience, but most of her career has centered on a narrow field of finance: U.S. Small Business Administration lending.
Read More

Eventual rate hike doesn't doom investments

Action won't necessarily lead to market correction
June 18, 2015
Michael Maehl
For almost a year now, the financial media has been talking about all the real and imagined 'what-ifs” that can occur when the Federal Reserve Open Market Committee actually begins to move interest rates higher after over 30 years of the (mostly) oppo
Read More
—Mike McLean

Bankcda attains record assets as outlook improves

CEO predicts sustained resurgence to profitability
June 18, 2015
Mike McLean
Bankcda, one of the smallest and youngest Inland Northwest-based community banks, expects to crest $100 million in assets this year, says Wes Veach, bankcda president and CEO.
Read More
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