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Banking & Finance

Community development unit invests $3.2 billion

BofA lending in '14 led to 13,000 new housing units
March 12, 2015
Staff Report
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.
Read More
—Kim Crompton

Boosting IRA gains by diversifying into real estate

Financial planner says it offers attractive benefits
March 12, 2015
Kim Crompton
Using a Roth individual retirement account to invest in real estate is a little-known strategy that can provide interesting diversification and attractive benefits for certain investors looking to try something different, says David L. Baker, a longtime f
Read More

Investor optimism surged early this year, poll shows

Most respondents realized savings from fuel cost drop
March 12, 2015
Staff Report
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.
Read More
—Judith Spitzer

INWCF keeps momentum with asset, fund growth

2006 strategic plan placed organization on its path
March 12, 2015
Judith Spitzer
Inland Northwest Community Foundation, the Spokane-based nonprofit that manages assets for charitable organizations and donors, has seen extraordinary growth during the past few years, says Mark Hurtubise, the organization's president and CEO. He attrib
Read More

The expensive misconception about bond safety

Rising interest rates could lead to a decline in values
March 12, 2015
Michael Maehl
For more than a generation, when considering what to do with their investments, one of the primary beliefs of investors has been that bonds are safe, that the risk of losing your investment in owning them-whether individually or within fund portfolios o
Read More

Palouse Capital Management adds to its “Top Guns” list of honors

Firms Capital strategy cited for '14 performance
March 12, 2015
Staff Report
Palouse Capital Management Inc., of Spokane, says its Large Cap Value Strategy has earned recognition as a top performer in the PSN Top Guns list for the full 2014 calendar year, after having garnered similar kudos for its performance in the third quarter
Read More
—Katie Ross

Focusing on growth at the CFA Society

Financial analyst group preps for big dinner, other functions
March 12, 2015
Katie Ross
The Chartered Financial Analyst Society Spokane, an organization of financial analysts, portfolio managers, and other investment professionals, has grown from about 40 members to 70 members since 2005, mainly from starting a subchapter in Montana, holding
Read More

PrimeSource Credit Union to open Spokane Valley branch

Organization celebrates 80th anniversary soon
March 12, 2015
Katie Ross
Spokane-based PrimeSource Credit Union is planning to open its third branch this summer in an 11,400-square-foot building at 9208 E. Sprague in Spokane Valley, says CEO Margaret Burkholz. PrimeSource purchased the building, which sits at the corner of E
Read More

Northwest Farm Credit reports drop in earnings last year

Co-op's total loans rose by 6.5 percent, however
March 12, 2015
Katie Ross
Northwest Farm Credit Services, the Spokane-based agricultural lending cooperative, has posted earnings of $228.1 million for 2014, a decline of just under 4 percent from $236.9 million in 2013. Phil DiPofi, the cooperative's CEO, says in a press rele
Read More
 –Katie Ross

Ag loans remain gainful, expected to rise next year

Niche requires specialized knowledge among lenders
February 26, 2015
Katie Ross
While commercial and other kinds of loans have taken a hit over the years since the economic recession, agricultural loans have remained more robust, some industry leaders here say. Northwest Farm Credit Services, the Spokane-based agricultural lending
Read More
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