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Banking & Finance

—Virginia Thomas

Quantum Financial takes team approach to planning

39-year-old company focuses on the long term
December 6, 2018
Virginia Thomas
Quantum Financial Planning Services Inc., founded here by Al Herman and Houston Scrudder in 1979, got on the financial planning train relatively early, says Eric Christiansen, certified financial planner and a managing member with the company.
Read More
—Samantha Peone

Factoring illness, diseases into financial planning

Experts recommend all health outcomes weighed when preparing to retire
December 6, 2018
Samantha Peone
When someone has or suspects they might develop a chronic, disabling health condition, such as Alzheimer's disease or Huntington's disease, preparing for retirement has challenges to be faced on a case-by-case basis, some financial advisers here
Read More
—LeAnn Bjerken

Spokane advisers on the FIRE approach to investing, saving

Under new investment approach, some Millennials plan to save more, quit work sooner
December 6, 2018
LeAnn Bjerken
While many of us have asked a financial adviser what steps might help us achieve an early retirement, it's a good bet the majority of younger workers don't really expect to be able to do so anytime soon.
Read More

Next step taken in protracted Metropolitan Mortgage saga

Investors receive another $10.9M; next distribution could be final payment
December 6, 2018
Kim Crompton
Investors who lost millions of dollars when Spokane-based Metropolitan Mortgage & Securities Co. shut down 14 years ago have recouped another small portion of their money.
Read More

A Bank inquiry scam tops list in recent BBB report

Money wiring con also ranked among five riskiest
November 8, 2018
Tyler Russell
Bank card and credit card company imposters, fraudulent directory listing and advertising, fake invoices, fake checks, and technical support frauds are the top five small business scam risks identified in a study.
Read More

Mind to Market funds first startups

Program plans to support 10 additional companies
November 8, 2018
LeAnn Bjerken
Spokane-based Mind to Market LLC, an idea-stage accelerator and investment fund created to support startup companies, says it has provided its first $200,000 in funding to help grow five Inland Northwest startups.
Read More

SBA lending in Spokane District reaches $226.7 million

Restaurant, hotel, gas stations account for bulk of activity here
November 8, 2018
Samantha Peone
Total lending backed by the U.S. Small Business Administration in the Inland Northwest rose $8.3 million through fiscal year 2018, data compiled by SBA indicates.
Read More
—LeAnn Bjerken

Spokane Fintech startup launches expense software

After Washington Trust pilot, bank is offering tool to business clients
November 8, 2018
LeAnn Bjerken
The founders of Spokane-based financial technology startup Obloco Inc., which does business as XpenseOne, say they're laying the groundwork this year to make their cloud-based expense reporting software a staple product in the realm
Read More

Interstate expansion

Three acquisitions to introduce Montana bank to Spokane-Cd'A in a major way
November 8, 2018
Virginia Thomas
In a matter of months, First Interstate BancSystem Inc. will go from having no presence to a prominent foothold in the Inland Northwest banking community.
Read More

Spokane Sears credit union to merge into PrimeSource

Regulatory nod given for transaction to be completed next month
October 25, 2018
Virginia Thomas
Spokane-based PrimeSource Credit Union is merging Sears Spokane Employees Federal Credit Union into its operations next month, say the CEOs of both institutions.
Read More
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