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Banking & Finance

—Judith Spitzer

Paying off burdensome debt before you retire

Number of retirees with financial obligations soars
December 4, 2014
Judith Spitzer
Spokane-area financial experts say a vast majority of retirees and pre-retirees are increasingly facing retirement with sizable amounts of debt-even student loan debt.
Read More

Northwest Farm Credit Services reports rise in earnings year to date

Net interest income, total capital also have increased
November 20, 2014
Katie Ross
Northwest Farm Credit Services, the Spokane-based agricultural lender, has posted earnings of $173 million for the nine months ended Sept. 30, a $2.2 million increase compared with the year-earlier period. In a press release, Northwest FCS President and
Read More
—Katie Ross

Trust management firm looks to expand regionally

Northwest Trustee reports strong revenue upswing
November 6, 2014
Katie Ross
Spokane professional trust and estate management firm Northwest Trustee & Management Services has seen its revenues climb 35 percent in the last two years, and it expects that strong growth rate to continue, says Greg Bowman, trust investment and develop
Read More
—Mike McLean

Secured Investment Corp. runs afoul of state regulations

Meantime, Cd'A company closes its Spokane office
November 6, 2014
Mike McLean
The Washington state Department of Financial Institutions has issued a notice of violation against Secured Investment Corp., the Coeur d'Alene-based parent company of a private-money lender that had been doing business here as Cogo Capital Spokane LLC.
Read More
—Linn Parish

Young Ten Capital Investment Advisors grows

Separately, firm, INB develop strategic partnership
November 6, 2014
Linn Parish
Ten Capital Investment Advisors LLC, a young independent financial advisory company co-founded by a longtime veteran of the industry, has grown substantially this year in terms of assets under management.
Read More
—Judith Spitzer

Waiting for Apple Pay Day

Spokane credit unions to be among first 500 institutions to use platform
November 6, 2014
Judith Spitzer
Two credit unions here, Numerica Credit Union and Spokane Teachers Credit Union, will be among the first wave of financial institutions to partner with technology giant Apple Inc. and offer Apple Pay, a new payment platform launched Oct. 20.
Read More

Banner Bank, AmericanWest Bank to merge

Transaction valued at $702 million
November 5, 2014
Staff Report
Banner Corp., the publicly-traded, Walla Walla-based holding company for Banner Bank and Islanders Bank, announced this afternoon that it has agreed to merge into its operations privately-held, Spokane-based AmericanWest Bank in a $702 million transaction
Read More

NWBDA appoints new leader as Acevedo steps back

Debbie Shipman named president of SBA lender
October 23, 2014
Mike McLean
Debbie Shipman has been named president of the Northwest Business Development Association, and longtime president Gil Acevedo plans to stay on with the nonprofit to help with the transition until May, when he plans to retire. Shipman says her goal for th
Read More

Umpqua Bank gives $420,000 to two organizations here

Grants benefit programs aimed at youth, education
October 23, 2014
Mike McLean
In an initial round of grants to Spokane-area nonprofits, the Umpqua Bank Charitable Foundation has awarded a total of $420,000 to Second Harvest Food Bank of the Inland Northwest and Excelerate Success, says Eve Callahan, an Umpqua spokeswoman.
Read More

Tax planners expecting final tweaks after election

Some final rules for 2014 might be written next year
October 23, 2014
Mike McLean
Some tax preparers here say they're expecting a compressed tax season as Congress likely won't consider renewing expired tax breaks until after the Nov. 4 midterm election.
Read More
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