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Banking & Finance

—Kevin Blocker

Evans' team continues aggressive push for clients

B of A Merrill Lynch VP wraps up first year on job
August 11, 2016
Bank of America Merrill Lynch's Spokane-based commercial banking unit currently oversees $4.4 billion in client assets-primarily here and in Boise-and is poised to add more, says senior vice president and senior client manager Dan Evans. And helpin
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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

Disability insurance said key to buyout agreements

Partners are more likely to become disabled than die
August 11, 2016
Todd Radwick
Does your business have a partnership? Do you have a written buy/sell agreement? Like many partnerships, is it backed by life insurance? If you are like most business partnerships, you probably don't have it funded with disability insurance. But why?
Read More
—Linn Parish

Cash-for-account offers increase

Competition for deposits drives incentives
August 11, 2016
Linn Parish
Some large banks that operate in the Inland Northwest are offering cash incentives to new customers who open checking accounts, start savings accounts, or sign up for direct deposit on existing accounts. Industry executives say competition for more depos
Read More
—LeAnn Bjerken

RV loan demand speeds ahead

Consumer confidence a contributing factor
August 11, 2016
LeAnn Bjerken
Both lenders and dealers say consumer interest in recreational vehicle loans has grown here this year, as unemployment and gas prices remain low and buyers remain confident about the economy. While many people might think of motor homes when they hear t
Read More

General Growth Properties sees drop in earnings

GGP reports rise in its rental rates
August 11, 2016
LeAnn Bjerken
General Growth Properties Inc., the Chicago-based company that owns and operates both the NorthTown Mall and Spokane Valley Mall, has reported a decrease in second-quarter earnings compared with the year-earlier period. The company posted second-quarter
Read More

Inland Northwest stock composite jumps

Market capitalization rose 19 percent in Q2
August 11, 2016
Hart Capital Management Inc., of Spokane, says the composite value of the 10 publicly traded Inland Northwest companies rose to $9.8 billion in the second quarter of 2016, an increase of $1.6 billion, or 19 percent, from the previous quarter. It's the
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Northwest Farm Credit posts rise in capital, net income

Earnings remains down for first half of the year
August 11, 2016
Linn Parish
Northwest Farm Credit Services, the Spokane-based agricultural lending cooperative, has reported second-quarter earnings of $57.9 million, up 3 percent from $56.1 million in net income during the year-earlier period. As of the end of the second quarter,
Read More
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

Indexed universal life can be an attractive alternative to Roth IRAs

Specialized insurance policy offers flexibility, security
July 28, 2016
Todd Radwick
Roth IRAs are a popular savings tool for retirement for those wanting to make after-tax contributions with tax-free withdrawals at retirement, but they definitely aren't perfect or without their problems and challenges. Roth IRAs are particularly popu
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HomeStreet expands commercial lending here

Seattle-based institution also planning retail branch
July 28, 2016
Mike McLean
HomeStreet Inc., a Seattle-based lender that does business as HomeStreet Bank, has expanded commercial lending services into Spokane and has hired financial services veterans Steve Storey and Cliff Poffenroth to lead commercial lending here. HomeStreet B
Read More
—LeAnn Bjerken

Looking inward at Numerica Credit Union

Organization searches its own ranks for emerging leaders
June 30, 2016
LeAnn Bjerken
With a current total of 115,000 members and $1.5 billion in assets, Spokane-based Numerica Credit Union continues to grow. And according to human resources external recruiter Jennifer Little, a key part of Numerica's success comes from its focus on bu
Read More
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