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Banking & Finance

VIRGINIA THOMAS

Bill would expand incentives for retirement savings

Proposed act includes automatic enrollment, matching for student loans
December 3, 2020
Virginia Thomas
Proposed federal legislation some are calling SECURE Act 2.0 likely would encourage saving for retirement by expanding on legislation passed in 2019, local financial consultants and planners say.
Read More

Extra credit for helping nonprofits is coming

Filers who don't itemize still can get deduction this year for charitable donations
December 3, 2020
Kevin Blocker
As 2020 continues its arduous march to an end, Inland Northwest financial advisers, tax preparers, and heads of nonprofits are reminding clients and benefactors about a charitable giving tax benefit included in the federal Coronavirus Aid, Relief,
Read More
POTLATCHDELTIC CORP.

Forest Fortunes: PotlatchDeltic, Clearwater Paper find unexpected demand during tumultuous times

Wood, paper products makers strengthen financial positions during pandemic
December 3, 2020
Kevin Blocker
The notion that two of the Inland Northwest's publicly-traded companies, one that manufactures wood products and the other that makes paper products, would see a surge in demand during a pandemic may once have seemed hard to fathom.
Read More

Hypersciences secures additional VC capital

HyperSciences raises more than $2M this year
November 19, 2020
Natasha Nellis
Spokane-based geothermal drilling technology startup HyperSciences Inc. has raised $87,700 in venture capital, bringing the company's total funding raised to $12 million since 2018.
Read More
PM DESIGN GROUP INC.

New bank, credit union branches planned in Spokane, Cd'A

Credit union to build on former Aces Casino site
November 19, 2020
Virginia Thomas
Two financial institutions are planning to construct new branches, one on Spokane's North Side and one in Coeur d'Alene.
Read More

Scrutinizing good businesses at core of investing

Stock buyers should seek companies that offer indispensable products
November 5, 2020
Chris Malde
Uncertainty dominates the U.S. investing landscape, including questions on economic growth, election outcomes, and the impact of civil unrest. To help navigate the uncertainty, it is important to remember the core of investing
Read More

As black swan event, pandemic strains coping capabilities

Unpredictable events, however, can inspire future preparedness
November 5, 2020
Sarah Carlson
Chances are, you've probably heard the saying 'life is unpredictable.” Albeit true, this statement can quickly become cliché. 2020 has been nothing short of unpredictable, and for many of us, the events of this past year have left us with many
Read More

Third-quarter bank earnings offer mixed bag

Some blame low interest rates for reduced income
November 5, 2020
Virginia Thomas
Some banks with a Spokane presence are reporting an increase in third-quarter net income due to strong mortgage production, while others posting a decline for the quarter point to lower interest income due to record-low interest rates as the reason.
Read More
Kevin Blocker

Target of integrity

Cd'A-based company bought by Texas firm
November 5, 2020
Kevin Blocker
Nearly seven years ago, Sean Ruggiero, a Coeur d'Alene-based financial investment adviser, started an annuity and retirement company in large part because of the financial uncertainties he experienced in his childhood.
Read More

Payday lending loses favor among borrowers

Effects of pandemic might reverse trend, however
November 5, 2020
Virginia Thomas
The popularity of payday lending in Washington state has been decreasing steadily, according to data released in August from the Washington state Department of Financial Institutions' 2019 Payday Lending Report.
Read More
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