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Banking & Finance

Visions 2023: Digital trends fuel evolution in financial services

Rapid adoption of tech tools said here to stay
December 29, 2022
Jack Heath
November 2022 marked an important milestone in Washington Trust Bank's history: its 120th anniversary. In many ways, banking in 1902 looked nothing like it does today-no debit or credit cards and no online or mobile access, for starters.
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Visions 2023: Corporate giving expectations become more complex

Companies must do more than make big donations
December 29, 2022
Marty Dickinson
I'm not sure who has the superpower of predicting the future. I know it's not me. The world has seen other pandemics, and there's nothing new about social, economic, and environmental upheaval. But the collision of seemingly unrelated events
Read More

Financial institutions brace for potential recession

Inflation, interest rates predicted to slow loan, credit card demands
December 15, 2022
Virginia Thomas
Financial industry representatives here say that deposit volumes are expected to decrease as consumers and businesses struggle with inflation, and many signs point to a recession developing in 2023.
Read More
—Karina Elias

HMA CPA acquires practice, moves to larger downtown space

Buying firms from retiring accountants is part of strategy, partners say
December 15, 2022
Karina Elias
Spokane-based accounting firm HMA CPA PS has moved to a larger location and has acquired its fifth accounting practice over a six-year span, says Mike Whitmore, shareholder at HMA CPA. 'It's been a big part of our growth strategy, not just organic
Read More
—Bernardo Wills

Horizon Credit Union to expand operations in Spokane Valley

Project will free space for admin expansion
December 15, 2022
Erica Bullock
Spokane Valley-based Horizon Credit Union is renovating its headquarters and constructing a new facilities-management and storage building in Spokane Valley's Mirabeau neighborhood. Combined, the remodel and new construction projects are valued at
Read More

Income-to-asset ratio can guide retirement timing

Cost of living expected to double in 24 years of being in retirement
December 1, 2022
Michael Maehl
Whether you're already retired or it's moving closer to reality for you, there are some things you should consider when managing your investments. Up until retirement, you simply accumulate assets. You get paid and a portion goes to your retirement
Read More

Women maintain 401(k)s as inflation concerns mount

Recession hasn't affected long-term savings plans
December 1, 2022
Erica Bullock
In general, Spokane-area women participating in 401(k) retirement plans are either maintaining or increasing their contributions to the plans, although inflation is a major concern for many, some financial and wealth advisers here say.
Read More
—Virginia Thomas

Spokane Symphony looks to orchestrate more profitable shows

Regression approach uses data to predict Spokane's appetite for visiting artists
December 1, 2022
Virginia Thomas
The Spokane Symphony has developed a new model to guide booking decisions and forecast ticket sales at The Martin Woldson Theater at the Fox, in downtown Spokane.
Read More
—Karina Elias

Planning for more planners: Whitworth to launch financial planning master's program

New offering emerges as industry struggles to find sufficient number of new advisers
December 1, 2022
Karina Elias
Wealth managers are recruiting new financial advisers here and across the country to maintain service levels and replenish an aging workforce, industry representatives and educators say.
Read More

Offering wellness tools can help retain employees

Workers feel stressed by economic conditions
November 17, 2022
Kurt Walsdorf
As labor shortages continue to impact companies across industries, businesses are shifting their focus to employee retention. According to Bank of America's recent Workplace Benefits Report, 46% of
Read More
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