Former Spokane banking executive Patrick J. Rusnak, who was credited here with helping to bring AmericanWest Bank back from the brink of collapse, has been named to take over as chief financial officer at Los Angeles-based PacWest Bancorp this fall.

RiverBank, the nine-year-old boutique institution here, has reported a net loss of $1.6 million for 2014, a step backward after recording net income of $111,000 the previous year to rebound from losses of $3.9 million in 2012, $686,000 in 2011, and $2.8 m

Washington Federal Inc. has opened its first Spokane bank branch in temporary facilities on north Division Street, and the Seattle-based bank is constructing a $3.5 million permanent bank building for the North Side branch and the bank's Eastern Washin

Charlotte, N.C.-based Bank of America Merrill Lynch Community Development Banking says it provided more than $3.2 billion in loans, tax credit equity investments, and other real estate development financial tools to more than 550 clients last year.

The Wells Fargo/Gallup Investor and Retirement Optimism Index suggests that consumer optimism is rising steadily, as the index reached plus-69 in February, the highest level recorded since 2007.