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Banking & Finance

Business Cents buys building, plans move

-
July 31, 2014
Staff Report
Spokane accounting consultant firm Business Cents LLC owner Steffanie Anderson has purchased a 3,200-square-foot building at 23 N. Napa in the East Central neighborhood and will be moving the business there on Aug. 1, says company spokeswoman Makenzi Rell
Read More
—Judith Spitzer

Retirees can take many avenues to charitable giving

Baby boomers are largest contributors, report finds
July 31, 2014
Judith Spitzer
Warren Buffett has persuaded more than 100 billionaires to give away large portions of their wealth to philanthropy over the past few years. People in Spokane may not have billions to donate to charity but they are generous when it comes to giving money t
Read More

RiverBank nets $2.9 million from private offering

Capital infusion could help once-struggling bank grow
July 17, 2014
Judith Spitzer
Spokane-based RiverBank Holding Co. has accepted $2.9 million from a fully subscribed private-placement offering, which it says will strengthen the bank's capital position while supporting its growth strategy. Daniel Byrne, RiverBank CEO, says he appr
Read More

Inland Northwest stock index rises faster than the S&P 500

Itron, Hecla stocks up; Red Lion lags others
July 17, 2014
Judith Spitzer
Hart Capital Management Inc., a Spokane-based investment firm, says the combined stock value of 12 publicly traded Inland Northwest companies, as measured in an overall index it compiles, rose 6.3 percent in the second quarter of 2014, beating out the S&P
Read More

Accurate financials key when selling a business

Inconsistencies can raise red flags, jeopardize deal
June 19, 2014
Ed Kirk
The market for buying and selling privately held companies has changed substantially during the last few years. The economic downturn significantly reduced sales and profitability of many companies, decreasing the number of companies for sale as would-be
Read More

Banks face some challenges in moving to the cloud

However, they potentially could reap major savings
June 19, 2014
Francis Tam
Cloud computing is changing the game for both large and small businesses. For many, cloud computing has received a lot of buzz because of its ability to decrease the costs associated with administering an on-site system, meaning less investment in informa
Read More

Bond investors should be preparing for volatility

Long-term rally could be coming to an end soon
June 19, 2014
Michael Maehl
For the last 30-plus years, it hasn't particularly mattered whether you owned bond funds or individual bonds. Helped by falling interest rates, they both delivered consistent income and a counterbalance to stock market volatility. But, with higher rate
Read More
—Katie Ross

Bank of America looks to build on loan growth in Spokane

Institution now employs about 350 people locally
June 19, 2014
Katie Ross
Bank of America Corp., the Charlotte, N.C.-based financial institution, increased its small business loans in Washington state by 22 percent last year and hopes to keep that momentum rolling, says Kurt Walsdorf, Spokane-based senior vice president and mar
Read More

Minimize risk of outliving your investment income

Planning is paramount as retirement dynamics shift
June 19, 2014
Hedley W. Greene and Bruce Pedey
It's 1950 and you are at the 'retirement age” of 65. It's expected that you will retire, and there's more than a gentle hand on your back as you clear out your desk. Social Security has been in place since 1935 thanks to FDR and the New Deale
Read More

Spokane's economy is on consistent growth track

Jobs continue to increase; wage growth is a concern
June 19, 2014
Steve Scranton
Spokane has seen 2014 start with a more consistent pattern of economic growth than the nation as a whole. Unlike much of the Midwest and East Coast, Spokane didn't suffer through the severe winter weather that hampered economic activity. The picture t
Read More
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