Banking & Finance

Bankruptcy filings in Eastern Washington drop for sixth straight year

Attorneys say volume could start to increase

January 19, 2017

Bankruptcy filings in Eastern Washington and North Idaho have declined for the sixth straight year. The U.S. Bankruptcy Court's Eastern District of Washington reported a total of 3,986 filings in 2016, down from 4,219 in 2015, a decrease of nearly 6 p

Finance industry executives are bullish, regardless of rate hikes

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December 15, 2016

Kim Crompton

Bank, credit union, and investment market executives here are mostly bullish about the coming year, despite potentially growth-dampening effects of anticipated Federal Reserve rate hikes and uncertainties stemming from the recent presidential election. T

Palouse Capital strategy nabs 'Top Guns' honor

Firm's other strategies are previous honorees

December 15, 2016

Kim Crompton

Palouse Capital Management Inc., a Spokane-based boutique asset management firm, says its Diversified Income Strategy has earned recognition-for the eighth time-as a top performer in the PSN Top Guns list for the 12-month period that ended Sept. 30.

Investing in defense (stocks) can be a good offense

Allocations to the Pentagon are projected to increase

December 1, 2016

Guest Commentary

Investors in the aerospace and defense industry have enjoyed a strong return of 11.3 percent so far this year-as of Oct. 21-and that strength is primed to continue generating above-average returns over the foreseeable future. Government spending all

odd Radwick, president of Radwick Financial Group LLC, of Winthrop, Wash., is an insurance and financial adviser. He can be reached at 509.996.3425 and at todd@radwickfinancial.com

Selling a business to create a retirement nest egg

Universal life policy can provide tax-free income

December 1, 2016

Todd Radwick

If you are like many business owners or professionals with a practice, you envision using the proceeds from the sale of your business someday to fund your retirement. You also may be investing in stocks, bonds, mutual funds, IRAs, or real estate, but the

Spokane financial advisers: Rein in scattered retirement accounts

Leaving funds with former employers delays planning

December 1, 2016

Mike McLean

Some financial advisers here say they're seeing a growing segment of people nearing retirement asking how to handle scattered retirement funds. Jerry Felts, principal at Jerry Felts CFP, of Spokane, says it's becoming more common to see clients with

Mirabeau office complex secures $6.8 million loan

Newmark Realty arranges 15-year term for borrower

November 17, 2016

Mike McLean

San Francisco-based Newmark Realty Capital Inc. has arranged $6.8 million in permanent financing for an office complex at 12825 E. Mirabeau Parkway, in Spokane Valley, says Demetri Koston, Newmark's Spokane-based vice president. The 118,000-square-foot

Northwest Farm Credit Services reports drop in net income

Co-op's capital level grows 5.2 percent

November 17, 2016

LeAnn Bjerken

Northwest Farm Credit Services, the Spokane-based agricultural lending cooperative, has reported third-quarter earnings of $62.7 million, down almost 6 percent from $66.6 million in the year-earlier quarter. The co-op's net income for the first three

Embezzlement lawsuit ruling favors Washington Trust Bank

Supreme Court says bank processed checks lawfully

November 17, 2016

The Washington state Supreme Court has ruled unanimously in a case involving Spokane-based Washington Trust Bank that a nonpayee's signature on the back of a check on behalf of other clients constitutes a legal endorsement of the check. The ruling stem

D.A. Davidson honors GU student investment team

Recognition includes cash award, expenses-paid trip

November 3, 2016

Staff Report

A team of Gonzaga University student investors has won the 2nd Annual Fred Dickson Memorial Award from D.A. Davidson & Co., the Great Falls, Mont.-based investment firm and the university announced last month.