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Banking & Finance

Northwest Farm Credit Services start design work on new headquarters on West Plains

Ex-Ambassadors building set for remodel, expansion
October 8, 2015
LeAnn Bjerken
Spokane-based Northwest Farm Credit Services has begun designing a $7.5 million remodel and expansion of what will be its new corporate headquarters on the West Plains.
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PayneWest Insurance consolidates its Spokane-area office

Operations merged into space in the U District
October 8, 2015
Samantha Peone
PayneWest Insurance has consolidated its Spokane-area offices into 21,500 square feet of space in the Riverpoint One office building, at 501 N. Riverpoint Blvd., in Spokane's University District, says Dan Antonietti, its managing director for administra
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—Linn Parish

Tom Simpson: entrenched in entrepreneurship

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October 8, 2015
Linn Parish
If it involves entrepreneurship and it's located in Spokane, chances are good that Tom Simpson has something to do with it. The 55-year-old Spokane native is president of the Spokane Angel Alliance investment fund, chairman and co-founder of Spokane e
Read More

Washington Trust leads Spokane County in deposits for sixth straight year

Bank of America, U.S. Bank stay in top three
October 8, 2015
LeAnn Bjerken
Washington Trust Bank continues to lead banks in deposits in Spokane County, says an annual market share report released late last month by the Federal Deposit Insurance Corp. The Spokane-based bank has topped the list every year since 2009, when Sterlin
Read More
—Mike McLean

Laying chips on the cards, in an effort to halt hackers

Parties still converting to new payment standards
September 24, 2015
Mike McLean
A quiet deadline is looming for businesses that accept credit and debit cards. After Oct. 1, most merchants that haven't switched to a new payment standard that encrypts certain identifying account information could be liable for losses if they accept
Read More

Software company, Idaho firm collaborate

Companies aim to simplify payments via credit card
August 27, 2015
LeAnn Bjerken
Genesis Software Systems, of Spokane Valley, says it has begun working with Eagle, Idaho-based ChargeItPro on payment processing aimed at providing users of merchant software an easier way to accept credit card payments. Genesis Software Systems uses a
Read More

Study data suggest money goes farther here

Spokane ranks favorably in cost-of-living analysis
August 27, 2015
Residents of the Spokane-Spokane Valley area can make their money last longer than residents of many other major metropolitan areas, according to data from a New York company's cost-of-living and inflation analysis. In an evaluation of more than 220 me
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Met, Summit trusts OK'd for one last extension

Beneficiaries could reap close to $60 million in all
August 27, 2015
Kim Crompton
Investors hoping to recoup a larger portion of the money they had tied up in Metropolitan Mortgage & Securities Co. and Summit Securities Inc. before those affiliated companies here shut down 11 years ago have received some encouraging news. Based on the
Read More

Bank of America tabs Kurt Walsdorf for broader role

Longtime executive will still lead Spokane market
August 13, 2015
Chris Street
Bank of America Merrill Lynch has appointed Kurt Walsdorf to head up business banking in much of the western U.S. 
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—Scott Stucker

Spokane Federal sees membership growth spurt

Credit union reports strong gains in consumer loans
August 13, 2015
LeAnn Bjerken
Spokane Federal Credit Union began in 1956 with just a few hundred dollars and only seven employees who also served as its first members. Today, it has approximately 11,500 members, and about $137 million in assets.
Read More
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