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Banking & Finance

Northwest Farm Credit Services allocates $56.9 million dividend for 2021

Patronage checks share earnings with members
March 24, 2022
Karina Elias
Northwest Farm Credit Services' customer-members in Washington have received nearly $56.9 million in annual patronage dividends checks, the Spokane-based agricultural lending cooperative announced. The dividends were down $5.5 million from $62.4
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File

Texas company Radiant acquires Mainstream Electric

Spokane Valley company shifts to subsidiary role
March 24, 2022
Virginia Thomas
A company based in Austin, Texas, has acquired an ownership interest in Spokane Valley-based Mainstream Electric Inc., which does business as Mainstream Electric, Heating, Cooling & Plumbing. Mainstream Electric's owners Elaine and Todd Damschen say
Read More
Erica Bullock

Seattle law firm Luvera expands into Spokane

Practice grows presence in Eastern Washington
March 24, 2022
Erica Bullock
Luvera Law Firm, a Seattle-based personal injury legal practice, has opened an office recently in Spokane, says managing partner Robert Gellatly. Luvera Law Firm's Spokane expansion, its second office overall, has brought two longtime Eastern
Read More
Spokane Transit

Transportation priorities shift

Focus has shifted away from roads to a degree, some say
March 24, 2022
Erica Bullock
The state's transportation priorities have shifted noticeably in the recently approved 16-year, $17 billion transportation bill, some local leaders and state transportation representatives say. While some traditional roadway preservation and
Read More

Stock markets always survive uncertain times

Despite volatile periods in past, indexes recovered at rates beating inflation
March 10, 2022
Michael Maehl
It can feel pretty uncomfortable reviewing your investments when, after a few years of pretty good markets, all of a sudden you've got higher inflation coming into play, interest rates starting to move up, and now, add aggressive Russians all combining
Read More

Financial conditions call for thoughtful reaction

Investors shouldn't confuse courage, recklessness
March 10, 2022
Sarah Carlson
This year has opened with a bang, with so much challenging news between inflation and the economic drama, a worldwide pandemic, and now, a war in Ukraine. None of us can escape the updates on negative news. Investors are currently on a wild ride watching
Read More

Krumble Foundation formed to help college students

Spokane nonprofit granted nearly $2M to programs at local colleges last year
March 10, 2022
Erica Bullock
After running a successful manufacturing company in Spokane for nearly three decades, Muriel and Burke Blevins stepped away with a desire to impact the community meaningfully. Recognizing the challenge of rising college tuition coupled with the hardships
Read More

Bucket List Living emerges as financial planning trend

•New trend in financial planning emerges •Some professionals caution against it
March 10, 2022
Karina Elias
The past 18 months have brought on a shift in mindset which has made many people anxious, empowered, and energized to do things earlier than initially planned, says Michael Jackson, senior vice president and Spokane-Coeur d'Alene branch manager at D.A.
Read More

STCU to acquire four Banner Bank branches

Proposed purchase would increase credit union's presence in Stevens County, North Idaho
February 24, 2022
Staff Report
STCU has agreed to acquire four Banner Bank branches in small Inland Northwest towns.
Read More
KARINA ELIAS

Businesses form 'hello for good' coalition to address homelessness

Group hopes to help reverse alarming trend
February 24, 2022
Karina Elias
A group of Spokane business leaders has formed a coalition to address homelessness in Spokane, attempting to reverse alarming trends outlined in a recent study that indicates the rate of homelessness in Spokane has grown to three times the national
Read More
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