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Banking & Finance

—Linn Parish

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

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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

Northwest Farm Credit issues mostly upbeat forecast

Fruit tree crops doing well; weather hampers wheat
July 20, 2017
LeAnn Bjerken
Despite delays due to a wet spring, this season's outlook is positive for most of the Northwest's food and agricultural industries, says Spokane-based agricultural lender Northwest Farm Credit Services in its latest report. 'We're cautiously opti
Read More
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Inland Northwest executive pay rebounds

Average compensation increases 3.8 percent
July 20, 2017
Linn Parish
Total compensation rebounded last year for executives at Inland Northwest-based publicly traded companies, according to the annual analysis conducted by the Journal of Business. Average annual total compensation in 2016 for 41 executives from the eight p
Read More

Gesa opens Spokane Valley branch

New outlet for credit union occupies former bank site
July 6, 2017
Mike McLean
Richland-based Gesa Credit Union has opened a Spokane Valley branch in the Banner Center retail plaza at 509 N. Sullivan. The branch occupies the old 2,200-square-foot site of a Banner Bank branch, which closed after the Walla Walla-based bank merged wit
Read More

Take these steps to plan for your financial future

Getting a jumpstart helps, as does identifying goals
June 22, 2017
Windy L. Rudd
When it comes to financial planning and preparing for the future, many people have the instinct to bury their heads in the sand to avoid the monetary realities of the future. According to a recent retirement study published by Financial Engines Inc., ju
Read More
—Mike McLean

Father-son financial planners embrace tech tools

Longtime company here serves about 400 clients
June 22, 2017
Mike McLean
Financial planner Ted Demars founded what would become family-run Demars Financial Group LLC here in 1973, when he was still doing mostly insurance work, and the handheld electronic calculator was just coming onto the scene. Though such calculators initi
Read More
—Kevin Blocker

Spokane City Credit Union locks in on customer service

Longtime, small organization restructures its mortgage originations
June 22, 2017
Gene Fitzpatrick, who now approaches the first full year of his tenure as president and CEO of Spokane City Credit Union, says that since he took over, the institution's focus has been on improving service for its existing customers rather than recruiti
Read More
—Leann Bjerken

Combating elder fraud

Edward D. Jones group focuses on seniors, retirement issues in D.C. trip
June 22, 2017
LeAnn Bjerken
With cases of elder financial fraud on the rise, Edward D. Jones & Co., one of the nation's leading suppliers of financial services for individual investors, sent 85 employee volunteers to Washington, D.C., last month to meet with legislators to discuss
Read More

Looming fiduciary rule could create 'black swan' event

Asset selloffs could spur market disruptions soon
June 22, 2017
Guest Writer
When it comes to financial planning and preparing for the future, many people have the instinct to bury their heads in the sand to avoid the monetary realities of the future. According to a recent retirement study published by Financial Engines Inc., ju
Read More

Poll results, economic performance are diverging

Positive sentiment doesn't lead to immediate action
June 22, 2017
Steve Scranton
Since the end of the U.S. elections last November, survey measurements of how people feel about the economy and their personal situations have risen dramatically. The Conference Board Consumer Confidence Index increased from a reading of 100.8 as of Oct
Read More
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