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Banking & Finance

Inland Northwest Bank parent posts ninth straight profitable quarter

Bank's net loans increased $41.3 million year over year
April 24, 2014
Katie Ross
Northwest Bancorporation Inc., the Spokane-based parent company of Inland Northwest Bank, has reported first-quarter net income of $588,000, up from $436,000 in the year-earlier period. The company reported earnings per diluted share of 14 cents for th
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Seattle-based brokerage set to join global conglomerate

Spokane branch office could gain from merger
April 24, 2014
Staff Report
McAdams Wright Ragen Inc., a prominent Seattle-based financial services company that opened a branch office in Spokane two years ago, says it has signed a definitive agreement to merge with Baird, an international employee-owned conglomerate with more tha
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—Spokane Firefighters Credit Union

Firefighters Credit Union's growth smolders

Firefighters CU focuses on consumer loans for its 2,000-some members
April 24, 2014
Judith Spitzer
Founded in 1934, the Spokane Firefighters Credit Union is celebrating 80 years in business this year, serving more than 2,000 area firefighters and their families, says Todd Powell, CEO for the past 10 years and a full-time firefighter with the city of Sp
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SNAP Financial Access opens Women's Business Center

Program will offer planning assistance, training classes
April 24, 2014
Katie Ross
SNAP Financial Access has launched a Women's Business Center here that's intended to be a resource for female business owners or women who want to start a business, says Laurie Roth, manager of the center. The center opened earlier this month in the
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—Mike McLean

Umpqua Bank has changes in 'store'

Bank espouses commitment to community, to roll out its retail brand
April 24, 2014
Mike McLean
Portland-based Umpqua Holdings Corp. now is operating Spokane-founded Sterling Bank under the Umpqua Bank name following a shareholder-approved acquisition that cleared its last regulatory hurdle Friday, April 18. Umpqua has started changing out Sterl
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Inland Power reports rise in net margins for 2013

Inland enacted 4.5 percent rate hike earlier this month
April 10, 2014
Judith Spitzer
Inland Power & Light Co., the Spokane-based electric cooperative, has posted net margins of $3.8 million for 2013, up from $2.1 million in 2012. Also, as it had indicated previously, the cooperative implemented a 4.5 percent rate increase as of the begi
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Inland Northwest stock index rises slightly in first quarter

Market cap, however, declines during period
April 10, 2014
Judith Spitzer
Hart Capital Management Inc., a Spokane-based investment firm, says the stock value of 14 publicly traded Inland Northwest companies, as measured in an overall index it compiles, rose 0.5 percent percent in the first quarter of 2014, lagging behind the St
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Umpqua's acquisition of Sterling Financial receives regulatory approval

.
April 1, 2014
Linn Parish
Umpqua Holdings Corp., of Portland, announced this morning that it has received all regulatory approvals for its proposed acquisition of Spokane-based Sterling Financial Corp., the parent company of Sterling Bank. The regulatory nod follows the previou
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Intent, planning said keys to philanthropy strategies

Donors can 'do well while doing good,' experts say
March 13, 2014
Linn Parish
While the financial-planning sector is chock-full of rules of thumb and industry-accepted guidelines, developing a charitable-giving strategy is one area with too many variables for a legitimate broad-brushed approach to work, experts say. Veteran fina
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Five errors to avoid when managing financial assets

Logic faults occur across investors' demographics
March 13, 2014
Michael Maehl
After more than four decades of helping investors around the country manage their financial assets, there are a few observations I've made over that time that apply across the whole spectrum of investors, without regard to age, income, education, or any
Read More
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