Banking & Finance

RiverBank sets course for continued rebound

Institution aims to exceed total assets of $225 million in next five to seven years

August 16, 2018

Spokane-based RiverBank plans to grow its assets by 8 percent to 14 percent a year during the next five to seven years to reach total assets exceeding $225 million, says bank CEO Dan Byrne. The goal aligns with RiverBank's climb from a recession

A vision for Spokane Federal Credit Union

Nemec to lead organization's first foray into Spokane Valley

August 16, 2018

Virginia Thomas

Charlotte Nemec has been president and CEO of Spokane Federal Credit Union for about a month and says she already has big plans for the financial cooperative. Some of those plans include opening a new branch in Spokane Valley, increasing efforts to

Getting financial advice for your parents

Adviser offers ideas to help people approach parents for financial second opinion

August 2, 2018

Ben KlÃ¼ndt

There are many talks that your parents get to have with you, and I'm sure that in this day and age, many parents have Googled 'when is the right time to talk to your kids about â€¦ .â€ In reality, I get many adult children who come to me saying they

Valley concern helps widows find independence

Widows Might nonprofit offers resources, guidance

August 2, 2018

Virginia Thomas

Twenty years ago, Wes Teterud and his wife, Adrienne, started Widows Might in the basement of a local church, with the goal of the Spokane Valley nonprofit to provide guidance and resources on practical matters for widows who might not have support from

Spokane-based Moss Adams principal selected to lead national practice

Former Contineo owner heads financial services consulting division now

July 19, 2018

Samantha Peone

Seattle-based national accounting firm Moss Adams LLP, which has an office here, has named Spokane partner Craig Sanders as the national leader of the firm's financial services consulting practice, which covers all 50 states. The financial services con

Inland Northwest composite declines

Five of nine companies saw gains in market cap

July 19, 2018

LeAnn Bjerken

Hart Capital Management Inc., of Spokane, says the composite value of the nine Inland Northwest-based publicly traded companies decreased to $12.1 billion in the recently completed second quarter of 2018. The decline marks a $539.4 million, or 4.3 percen

Donor-advised funds see increased popularity

Tax law changes impact charitable-giving choices

July 19, 2018

LeAnn Bjerken

Financial advisers here say that since the implementation of the Tax Cuts and Jobs Act earlier this year, taxpayers have become more conscious of the various methods of charitable giving as they look to maximize their 2018 returns. As has been previously

Executive pay surges in the Inland Northwest

Huge gains for mining company's brass boost otherwise soft year

July 19, 2018

Linn Parish

Total compensation for executives at Inland Northwest-headquartered publicly traded companies surged last year, but it wouldn't have if not for a fortunate-and long-awaited-turn in Gold Reserve Inc.'s unusual odyssey. According to the annual

Inland Capital grows lending pool to $21 million

200 hard money loans issued last year to buyers of distressed real estate

June 21, 2018

Samantha Peone

After opening a new private equity fund, Inland Capital Fund A, just under one year ago, Spokane-based private money lender Inland Capital LLC has raised $10.5 million for the fund, says Aaron Cunningham, CEO and co-founder of the company. An additional

Adviser: Most investors will do best with basics

Stocks, bonds, mutual funds provide long-term diversity

June 21, 2018

Rick Biel

Vince Lombardi is recognized as the greatest football coach of all time. In fact, the Super Bowl trophy is named after him. He was hired as the head coach of the Green Bay Packers in 1959. After two years of incredible improvement, his team was poised to