Banking & Finance

Expansion on the Horizon: Spokane, Boise credit unions to combine

Combined assets to approach $1.5B after Horizon-Icon merger is completed

January 30, 2020

With a continued desire to meet the changing appetites of the marketplace, officials at Spokane Valley-based Horizon Credit Union and Boise-based Icon Credit Union say 2020 is a good time to merge fully.

New year might not be as good for finance sector

Interest rates, trade issues described as contributing factors

December 19, 2019

Virginia Thomas

Financial experts here say that growth began to flatten in 2019, and they expect further slowing -- though not necessarily a recession -- in 2020. Tim Vorpahl, president and founder of Spokane-based Vorpahl Wing Securities Inc., says 2019 was a

Canopy Credit Union to host Ladder Coffee

Restaurants & Retail

December 5, 2019

Kevin Blocker

Canopy Credit Union will open a 1,200-square-foot Ladder Coffee Roasters store this month in its Spokane Valley branch, at 13105 E. Sprague. Canopy opened the 3,600-square-foot branch in September with an open floor plan and room for an eventual partner.

Self-employed professionals see more retirement flexibility

Most, however, save less than traditional workers

December 5, 2019

Natasha Nellis

With Spokane's booming entrepreneurial ecosystem, more people are stepping away from the traditional office into self-employment. With that comes not only more responsibility, but more flexibility when it comes to saving for retirement

Financial Trex targets Generation X, millennial clients

Fee-only planner draws younger investor interest

December 5, 2019

Kevin Blocker

Though it wasn't her intention at the start, a Spokane-based financial planner says her young firm has found a niche among younger generations of people in need of financial expertise.

New best interest rule for investment brokers draws concerns

Advisers, legislators say regulation name misleads

December 5, 2019

Virginia Thomas

The Securities and Exchange Commission adopted a new rule that went into effect Sept. 10 intended to require investment broker-dealers to act in the best interests of their client when making recommendations.

Selkirk envisions $80 million Papillon Towers on North Bank

Urban developers hope to break ground in spring

November 21, 2019

Natasha Nellis

Spokane-based development company Selkirk Development LLC has set its sights on a new, two-tower project that founder and CEO Sheldon Jackson hopes will set a new standard for development in Spokane.

Inland Capital moves headquarters to South Hill

Financial company moved to meet planned growth

November 7, 2019

Natasha Nellis

Spokane-based financial services company Inland Capital LLC has leased about 4,000 square feet of space in the Boulevard Park Office Center, at 2607 S. Southeast Blvd., on Spokane's South Hill, where it has moved its headquarters.

Inland Northwest Composite tops $11 billion

Results of Hart reports mark third straight quarterly increase

November 7, 2019

Kevin Blocker

Hart Capital Management Inc., a Spokane-based financial advising company, says the composite value of the region's seven publicly traded companies rose to $11.1 billion in the third quarter, the first time this year the composite has topped $11 billion.

Credit union growth shown to outpace banks

Banks still have lion's share of market, however

November 7, 2019

Kevin Blocker

Founded in 1934, it took Spokane Teachers Credit Union until 2008 to secure $1 billion in assets under management. By 2014, STCU topped $2 billion in assets. Then, earlier this year, the Liberty Lake-based credit union topped the $3