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Banking & Finance

Virginia Thomas

Parting Thoughts with RiverBank's Dan Byrne

~
January 14, 2021
Virginia Thomas
Dan Byrne is thoroughly a Spokane man. Born and raised in northwest Spokane, with a degree in accounting from Gonzaga University. Byrne started his career in the accounting world, at the now-defunct national firm Coopers & Lybrand LLP.
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Meteoric rise in unemployment tax hits businesses

If state legislation doesn't provide relief, some worry hikes will doom employers
January 14, 2021
Virginia Thomas
Barring relief, some employers fear recently-implemented unemployment tax increases could be the final straw that puts them out of business permanently.
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Low interest rates, high deposits to steer finance sector

Despite spike in loans, earnings could slump
December 17, 2020
Virginia Thomas
Experts here say that while financial institutions have seen increases in loans and deposits in 2020, they could feel the squeeze of low interest rates in 2021. In March, the U.S. Federal Reserve lowered the federal fund rate-the benchmark interest
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Virginia Thomas

Q&A with Economist Vange Ocasio Hochheimer

Associate professor of economics at Whitworth University
December 17, 2020
Virginia Thomas
Vange Ocasio Hochheimer teaches economics at Whitworth University, but the roots she's put down in Spokane over the past decade extend beyond the university's campus. Ocasio Hochheimer spent much of her childhood in Puerto Rico. As an adult, she
Read More

Spokane-area businesses received $786M in PPP loans

Lenders: Most borrowers haven't yet submitted loan-forgiveness requests
December 17, 2020
Virginia Thomas
More than $786 million went to 6,755 businesses in Spokane County through the federal Paycheck Protection Program, according to detailed data released earlier this month by the U.S. Small Business Administration. The disclosure comes after several
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Business owners should heed priorities next year

Resilience marks 2020, vigilance vital for 2021
December 3, 2020
Jamie Hudson
With a year of economic disruption and upheaval almost in the books, it's clear Spokane businesses already have done much to adjust to the pandemic and plan for the future. Yet staying competitive in the year ahead will require continued vigilance
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Investing in self can provide strong returns

Setting goals can help with relationships, financial independence
December 3, 2020
Sarah Carlson
We've all heard stories about get-rich-quick schemes, and most times, it's just that-a scheme. Schemes of this nature usually create an impression that participants can achieve a high rate of return with little risk, skill, effort, or time.
Read More
NATASHA NELLIS

Five Pine Wealth Management sees triple-digit growth

Company plans to add junior adviser, office staff
December 3, 2020
Natasha Nellis
Coeur d'Alene-based Five Pine Wealth Management has seen strong growth over the last year, having more than doubled its annual revenue this year compared with 2019.
Read More
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
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