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Banking & Finance

—Samantha Peone

Demand for HELOCs strong in Spokane despite rising rates

Actions by Fed, increasing home values affect demand
March 1, 2018
Samantha Peone
Despite rising interest rates, applications for home equity loans, such as home equity lines of credit, have remained consistent and even increased some throughout the past year, some Spokane-area lending experts say. David Flood, chief lending officer a
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—Samantha Peone

HomeStreet's new home in downtown Spokane

Bank adds first retail presence in Spokane, moves commercial lending in city's core
March 1, 2018
Samantha Peone
Following the launch of commercial lending services here barely two years ago, Seattle-based HomeStreet Bank recently opened its first retail branch in Spokane, where it has consolidated both its commercial and retail services, says Steve Storey, senior v
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Global Credit Union shuts its two offices in Tri-Cities

Yoke's seeks bank, CU to fill branch vacancies
February 15, 2018
Robin Wojtanik
Spokane-based Global Credit Union has closed two Tri-Cities branches and a home loan center there. The credit union shuttered in-store branches at the Pasco and Kennewick Yoke's Fresh Market supermarkets on Jan. 31. Global Credit Union's 1,600 T
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—LeAnn Bjerken

How angel investors earn their wings

More than 100 individuals involved in Spokane group, but more are sought
February 15, 2018
LeAnn Bjerken
In recent years, Spokane has seen a handful of local startup companies grow into successful ventures resulting in benefits for both their founding entrepreneurs as well as early investors. Those who follow news of startup successes may have wondered wh
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—Samantha Peone

Randall & Hurley acquires Montana firm

Retirement plan administrator employs 50 people in all now
February 15, 2018
Samantha Peone
Spokane-based retirement administration services company Randall & Hurley Inc. has purchased another retirement plan administrator, Helena, Mont.-based Employee Benefit Resources, says Lynn Hurley, president of Randall & Hurley. With the acquisition, fin
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Mind to Market: Filling a startup funding gap in Spokane

Company launched to fund early-stage companies
February 15, 2018
A handful of Spokane-area investors, including a mix of organizations and individuals, has developed Mind to Market LLC to invest in early-stage startups-and to fill a gap in the region's entrepreneurial ecosystem. Steve Trabun, Avista Corp.'s reg
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-

Inland Northwest composite declines

Market capitalization for nine public companies totals $11.5 billion at year's end
February 1, 2018
The composite value of the nine Inland Northwest-based publicly traded companies dropped to $11.5 billion in the recently completed fourth quarter of 2017, a decrease of $700 million, or 5.7 percent, from the previous quarter, according to a quarterly rep
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—Kevin Blocker

Coming off banner year, State Bank projects growth

Net income hit new high last year, Deckard says
February 1, 2018
Greg Deckard, president and CEO of 115-year-old State Bank Northwest, says the financial institution is poised for another strong year as it anticipates adding to its more than $140 million in assets. Last year, the bank experienced a nearly 16 percent
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—LeAnn Bjerken

In most cases, new tax law is good for business

Spokane CPAs outline five biggest changes
February 1, 2018
LeAnn Bjerken
The recently passed, voluminous Tax Cuts and Jobs Act contains several big changes, many of which are expected to benefit businesses, Spokane tax advisers say. Anson Avery, accountant and owner of Anson Avery CPA PLLC, says he's already put in over 6
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—Samantha Peone

Spokane financial adviser offers alternative use of 401(k)

Baker says clients can convert accounts via in-service rollovers
February 1, 2018
Samantha Peone
A Spokane financial adviser has started promoting a retirement investment alternative for people who want more control over their employer-sponsored 401(k) funds while still employed. Many people don't know much about their 401(k) accounts because empl
Read More
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