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Banking & Finance

Dallas company acquires Northwest Farmer-Stockman

Longtime insurance company expected to keep name, employees
November 29, 2021
Staff Report
Cowles Co. has sold its longtime insurance subsidiary, Northwest Farmer-Stockman Inc., to Dallas-based Integrity Marketing Group.
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Employers can take steps to rebuild workforce

Many sidelined people expected to reemerge in growing job market
November 18, 2021
Kurt Walsdorf
As U.S. economic growth continues, industries from transportation, dining, housing, and manufacturing are adapting quickly to scale their operations up to pre-pandemic levels. But labor shortages driven by the pandemic are a fast-growing challenge
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File

Horizon, Great Falls-based credit unions to combine

Transaction to be completed next year
November 17, 2021
Virginia Thomas
Spokane Valley-based Horizon Credit Union is combining with Great Falls, Montana-based Embark Credit Union, the financial institutions announced this afternoon.
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ERICA BULLOCK

CUs present investment services via third party

Advisers work to raise awareness of offerings
November 4, 2021
Erica Bullock
Credit unions usually aren't known for offering investment services to their members, however, separate partnerships between two local credit unions and a third-party broker-dealer intend to illuminate investment strategies and offerings available to
Read More

Required minimum distribution must be factor in planning

Holders of tax-deferred retirement accounts should know 'ins, outs'
November 4, 2021
Ben Klündt
When the Individual Retirement Account was established in 1974, it was set up to be funded solely by pre-tax dollars, giving you the benefit of reducing your taxable income and letting your capital grow tax deferred, but with it came the required minimum
Read More

Proposed IRS reporting threshold increased; Bankers still don't like it

Supporters in Congress raise amount required to trigger IRS notification after industry blowback
November 4, 2021
Karina Elias
Weeks after proposing a plan to require banks to report on accounts with inflows and outflows of $600 a year over reported income to the Internal Revenue Service, Congress has raised the proposed reporting threshold to $10,000 and added several exceptions
Read More

Merging interests at Inland Northwest banks and credit unions

Increase in transactions reflect industry trend
November 4, 2021
Virginia Thomas
Last month, a handful of credit unions and banks with a presence here announced two mergers and completed another. It's part of a pattern of increasing consolidation in both the credit union and banking industries, some industry leaders here say.
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Vista Title expands into Stevens County with acquisition

Spokane company purchases longtime Colville office's assets, market coverage
October 21, 2021
Erica Bullock
Spokane-based Vista Title & Escrow LLC has bought Stevens County Title Co., in Colville, Washington, in an acquisition that will expand Vista's services and service area. Vista Title CEO Anthony Carollo says the company will own 100% of the assets of S
Read More
Trek Architecture

New dental building planned in Spokane Valley

Practice slated to move into larger space next July
October 21, 2021
Erica Bullock
Dr. Anthony Weber, owner and dentist at Weber Dental Center, plans to construct a new 12,000-square-foot multitenant building, in Spokane Valley. The practice is expected to move to a new building, located at 16212 E. Indiana in Spokane Valley
Read More

Former HUD administrator joins Washington Trust Bank

Patterson to lead bank's livability initiatives here
October 21, 2021
Virginia Thomas
Washington Trust Bank has hired former U.S. Department of Housing and Urban Development regional administrator Chris Patterson to serve in its newly established role of community solutions adviser. Patterson says that in this new role, he'll work with
Read More
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