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Banking & Finance

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Keeping Spokane-area homebuyers in the game

Median-priced residences stay within reach despite sellers' market
February 2, 2017
Mike McLean
In its desire to protect retirement savers better, the U.S. Department of Labor last year ruled all financial professionals working with retirement plans, or providing retirement planning advice, would be recognized as fiduciaries by the federal agency.
Read More
—Kevin Blocker

Opinions differ on Conflict of Interest Rule

Some worry about exodus of advisers, fewer client options
February 2, 2017
In its desire to protect retirement savers better, the U.S. Department of Labor last year ruled all financial professionals working with retirement plans, or providing retirement planning advice, would be recognized as fiduciaries by the federal agency.
Read More

Community banks find role in private banking

Service not restricted to high net-worth clientele
February 2, 2017
Nancy Hake
Most people are reasonably familiar with both retail banking and commercial banking, but private banking remains an unclear concept to many. Private banking, quite simply, is personalized banking and financial management services for professionals and h
Read More

State CPA society picks new president, CEO

Kimberly Scott has served in various roles with group
February 2, 2017
Staff Report
Kimberly D. Scott, who resides in the Puget Sound area, has been named president and CEO of the Washington Society of Certified Public Accountants, effective this June 1, the organization's board announced recently. 'Kimberly Scott has the perfect bl
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Assessing investment performance in the new year

Look beyond major market indicators when evaluating
February 2, 2017
Michael Maehl
As I mentioned last November in this space, 'Elections or not, stocks tend to be forward-looking.” The S&P 500, which had been up about 2 percent for the year just before the election, finished with gains of just over 9 percent. A lot of the move s
Read More

Frugal janitor's life provides good financial lessons

Investors of modest means can become best clients
February 2, 2017
Rick Biel
A number of years ago, I briefly worked for one of the largest brokerage firms in the country. While there, I received some of the best advice I ever received with regard to succeeding in the industry. One of the top producers at that firm told me that
Read More

INB parent posts rise in net income for fourth quarter, year

Banner, Glacier also report gains in earnings
February 2, 2017
Linn Parish
Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, has reported fourth-quarter net income of $1.4 million, or 21 cents a diluted share, up from income of $726,000, or 11 cents a share, in the year-earlier quarter. For all
Read More

Stay Alfred raises $15 million in capital

Company hopes to use funds to go international
February 2, 2017
LeAnn Bjerken
Stay Alfred, the nationwide urban vacation rental company based here, says it has secured $15 million in Series A funding from a Seattle-based investor and expects to use the money to expand its presence globally and to increase its rental unit inventory
Read More

Foreclosures in Spokane area rose last year

Increase follows big drop in defaults during 2015
January 19, 2017
Linn Parish
Completed foreclosures in Spokane County increased in 2016, following a precipitous decline the previous year. The Spokane County Auditor's Office recorded 778 foreclosures last year, up 9 percent from 714 foreclosures in 2015. While the number of d
Read More

Inland Northwest stock composite finishes strong

Itron, Potlatch lead bump in market capitalization
January 19, 2017
Hart Capital Management Inc., of Spokane, says the composite value of the 10 publicly traded Inland Northwest companies rose to $10.9 billion in the fourth quarter of 2016, an increase of $286 million, or 3 percent, from the previous quarter. It's the
Read More
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