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Banking & Finance

Frankly, STCU expands its business banking services

Credit union rolls out new sister brand in campaign
June 22, 2023
Karina Elias
STCU, the Liberty Lake-based credit union with branches in Washington and Idaho, has launched STCU Business, a sister brand that aims to expand business banking services. STCU Business is led by three veterans of the financial services industry who
Read More
Erica Bullock

Wheatland Bank CEO tabbed by FDIC

Susan Horton agrees to two-year advisory term
June 22, 2023
Erica Bullock
After the failures of Silicon Valley Bank and Signature Bank in early March, a representative of the Federal Deposit Insurance Corp. sought out Susan Horton and asked her to share thoughts and advice for industry reform.
Read More

Long-anticipated recession now expected by year-end

So far, resilient economy has provided reprieve from economic downturn; rate hikes may change that
June 22, 2023
Karina Elias
Inland Northwest economists are predicting a recession will set in toward the end of this year-later than had been previously anticipated-yet there isn't consensus regarding projections for the length or depth of a long-anticipated economic
Read More

Spokane-area hospitals look to improve financials

Providence, MultiCare aim to persevere through economic challenges
June 22, 2023
Dylan Harris
Hospitals across the state of Washington suffered a total of $2.1 billion in operating losses in 2022, data compiled by the Washington state Hospital Association shows. The two largest health care organizations that operate in the Inland Northwest
Read More

Women are making gains in finance, small business

Confidence in managing money up 16 percentage points in last five years
June 8, 2023
Sara Desautel
Women are increasingly taking charge of their finances and future. While we move toward gender equality and equitable economic opportunity, we can see the outcomes of generations of hard work when we look at the increasing numbers of women
Read More

Meet & Greet with Lydig Construction CFO Katie Burton

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June 8, 2023
Karina Elias
Spokane Valley-based Lydig Construction Inc. recently appointed Katie Burton as the company's new chief financial officer. Burton, 42, succeeds Mark Bray, who retired at the start of the year after serving in that role for 28 years.
Read More
MMEC Architecture & Interiors

Gesa Credit Union expands footprint into North Idaho

Branch expected to open in Post Falls late this year
June 8, 2023
Karina Elias
Gesa Credit Union is building a 10,500-square-foot multitenant building in Post Falls in which the Richland, Washington-based financial institution plans to establish its full-service branch in Idaho. Richard Waddle, Gesa's executive vice president
Read More

Kaspien Holdings to delist from Nasdaq exchange

Year-end financials show declines in sales, income
June 8, 2023
Erica Bullock
Spokane Valley-based e-commerce company Kaspien Holdings Inc. has announced that it will voluntarily delist its common stock from the Nasdaq Capital Market. The company expects the delisting of its common stock to become effective later this month.
Read More

Careful giving strategies can have tax advantages

Planning helps optimize donation timing, structure
May 25, 2023
Mary Lago
A carefully developed charitable-giving strategy empowers individuals and families to support meaningful causes, while also benefiting from tax advantages. An important place to start is to consider the area or areas you want to impact, such as mental
Read More
Erica Bullock

Employee generosity grows with expanded options

Businesses engage variety of methods to encourage giving
May 25, 2023
Erica Bullock
Employers in a variety of industries say philanthropy is embedded within their company's culture, and learning what inspires employee giving can result in increased financial support. Workplace fundraisers at some companies in the Spokane area have
Read More
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