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Banking & Finance

—Kevin Blocker

Richards, Merrill & Peterson targets client diversity

Firm oversees $800 million in assets for 3,300 people
August 17, 2017
The operators of the Spokane-based private investment firm Richards, Merrill & Peterson say they take great pride and pleasure not in the amount of assets it oversees, but in the diversity and size of its client base. The firm oversees more than $800 mil
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—Mike McLean

Kavadias Hall PLLC: Accounting for expansion

Small firm adds more staff this year
August 17, 2017
Mike McLean
While the namesakes at the Spokane accounting and business consulting firm Kavadias Hall PLLC prefer the small-firm environment, prolonged strong growth has forced them to double their accounting staff so they can manage the workload. Jeff Kavadias, the
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—Mike McLean

Washington Trust Bank projects highlight concierge concept

Two remodels nearly finished; Manito branch to be replaced
August 17, 2017
Mike McLean
Spokane-based Washington Trust Bank is completing two major remodels and constructing a replacement bank branch here that will highlight the bank's ongoing financial-concierge initiative. Washington Trust is investing nearly $2 million on the projects,
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Michael Maehl: Well-performing stock market met with reluctance

Many indicators suggest skittishness unwarranted
August 17, 2017
Michael Maehl
According to the Wall Street Journal, 'America's largest companies are on pace to post two consecutive quarters of double-digit profit growth for the first time since 2011, helped by years of cost-cutting, a weaker dollar, and stronger consumer spendi
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INB parent posts dip in quarterly net

Others with offices here report gains during Q2
August 17, 2017
Linn Parish
Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, has reported second-quarter net income of $1.05 million, or 16 cents a diluted share, down from income of $1.27 million, or 20 cents a share, in the year-earlier quarter.
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First Brightway Insurance agency in Washington state opens in Spokane Valley

Rogers, EWU grad is broker for multiple-lines franchise
August 17, 2017
Samantha Peone
Insurance broker Vays Sarwar has opened the first Brightway Insurance franchise agency in Washington state here. Called Brightway, The Sarwar Agency, the office is located in a 1,000-square-foot space at 2901 N. Argonne Road, Ste. 3, in Spokane Valley,
Read More

Set goals when mulling spending in retirement

Ask yourself some delving questions to begin process
August 3, 2017
Michael Maehl
Retirement, per se, is still a relatively new phenomenon. Not all that long ago, people pretty much worked until they died. Retirement, as a definite period of your lifetime, is something that only really came into being starting in the 1970s in the U.S.
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World Financial Group relocates its Spokane office

Company employs two, plans to add more agents
August 3, 2017
LeAnn Bjerken
Georgia-based financial services company World Financial Group Inc. is relocating its Spokane office this week from shared office space with Vorpahl Wing Securities, at 421 W. Riverside, to its own space. Dycelia Weiss, one of two financial agents curr
Read More

Inland Northwest stock composite bounces back in second quarter

Seven of 10 companies had gains in market cap
August 3, 2017
Hart Capital Management Inc., of Spokane, says the composite value of the 10 publicly traded Inland Northwest companies increased to $11.1 billion in the second quarter of 2017, an increase of $248 million, or 2 percent, from the previous quarter. In the
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—Linn Parish

Q&A with Washington Trust Bank's Peter Stanton and Jack Heath: Banking on Spokane

-
August 3, 2017
Linn Parish
Peter F. Stanton, chairman and CEO of Washington Trust Bank, points out that the bank he leads is the only one still operating out of all of the banks that appeared on the Journal of Business' first Banks List in the mid-1980s. Founded in 1902, Washi
Read More
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