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Banking & Finance

SBA lenders encouraged by rebound in volume

Banks hope incentives will embolden more borrowers
February 26, 2015
Mike McLean
Some providers of U.S. Small Business Administration-backed loans here are anticipating a second consecutive year of loan growth after the dollar volume bounced upward in fiscal 2014 from a year-earlier decline. Last year, lenders in the SBA's Spokane
Read More
—Judith Spitzer

Refis bounce back

Mortgage rates down; FHA lowers insurance cost
February 26, 2015
Judith Spitzer
Some Spokane banks and credit unions are reporting a mini-boom in home mortgage refinance loans in recent months due to another dip in mortgage interest rates. In the Spokane area, 30-year, fixed-rate mortgage rates had fallen to between about 3.69 perce
Read More

Retirement needn't mean selling your business

Instead, follow roadmap used by '2 Percent Club'
February 26, 2015
Tom Griffiths
Does retirement always have to mean selling your small business? For many small business owners, their business provides great meaning in their life. It provides a sense of belonging, a sense of purpose, of community, social connections, identity, legacy,
Read More

Itron opts to buy back more of its own shares

Repurchase authorization starts as older plan ends
February 26, 2015
Staff Report
Itron Inc., the Liberty Lake-based maker of utility meter reading technology, says it plans to buy back up to $50 million worth of its own stock during a 12-month period that began Feb. 19. The company's board of directors approved the repurchase plan
Read More
 –Katie Ross

Exit-plan consultants use trade acumen to aid others

Duo helps business owners to transition, sell, or merge
January 29, 2015
Katie Ross
Two longtime Spokane businessmen, Ned Rumpeltes and Ray Lawton, are entering their fifth year as Rumpeltes & Lawton LLC, a business transition consulting firm. Lawton and Rumpeltes, who both have significant business backgrounds here with Spokane-based
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Benefits of lower oil prices outweigh any negatives

GDP-driving consumers have the most to gain
January 29, 2015
Michael Maehl
Reasonable people can disagree. I've learned that this truism is what, ultimately, drives markets. Otherwise, why would we have sellers and buyers? If they all thought one price was good for everything, I'd say my job would be right up there with wat
Read More
—Kirk Hirota

New high tech trading room aids collegiate investors

Whitworth student analysts' investments net good profit
January 29, 2015
Judith Spitzer
Every Thursday morning at 6:15 a.m., Whitworth University senior Ashley Sievers can be found on campus in a high tech trading room, discussing stock pitches and portfolio allocations with other members of the Whitworth Student Investment Group. The H.H.
Read More
—Mike McLean

North Idaho community bank regains momentum

22-year-old Idaho Independent Bank outlasts several rivals
January 29, 2015
Mike McLean
Idaho Independent Bank has maintained solid footing in a constantly changing banking landscape since it opened its first branch in Hayden in 1993, says Jack Gustavel, IIB's chairman, CEO, and founding member. He also claims that while many of the bankï
Read More

Banner Bank parent posts increase in earnings

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January 21, 2015
Staff Report
Banner Corp., the Walla Walla, Wash.-based holding company for Banner Bank that agreed to acquire Spokane-based AmericanWest Bank late last year, today reported fourth-quarter 2014 net income of $12.2 million, or 63 cents a diluted share, up from $11.6 mi
Read More

Bankruptcy filings drop across Inland Northwest

Improved economy, fuel prices said to help some
January 15, 2015
Katie Ross
Bankruptcy filings in Eastern Washington and North Idaho have declined for the fourth year in a row, which could be due to the continued economic recovery, says Spokane bankruptcy attorney Kevin O'Rourke. O'Rourke, a Spokane-based bankruptcy attorne
Read More
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