Banking & Finance

Intent, planning said keys to philanthropy strategies

Donors can 'do well while doing good,' experts say
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
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
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CFA Society dinner slated for tonight downtown

Investment group brings in industry veterans for keynote
Staff Report
The CFA Society of Spokane, an organization of financial analysts, portfolio managers, and other investment professionals, has slated two industry veterans to speak at its 20th annual Economic Forecast Dinner tonight at the Davenport Hotel. A reception
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—Treva Lind

Inland Northwest Lighthouse nearly set to expand

Work wrapping up on addition to nonprofit's North Side plant
Treva Lind
Nonprofit Inland Northwest Lighthouse, which operates a manufacturing facility in North Spokane where it employs nearly 50 people, soon will start using a major expansion of its building there that it says will enable it to expand its workforce. Baker
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—Katie Ross

Second Harvest expands facilities to fill big food need

Second Harvest expects Tri-Cities project to boost its capabilities
Katie Ross
Second Harvest Food Bank of the Inland Northwest is moving forward with several large projects this year, including a $2.5 million, 26,000-square-foot second-phase expansion of its Pasco, Wash., warehouse facility, says President and CEO Jason Luke Clark.
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—Katie Ross

AmericanWest Bank grows loans, eyes more acquisitions

Bank extended $1 billion in credit in last two years
Katie Ross
Spokane-based financial institution AmericanWest Bank has experienced an organic loan growth rate of about 10 percent a year for the last two years, which is double the industry standard, claims CEO Scott Kisting. The bank also has extended a total of
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—Linn Parish

Secured Investment Corp. to franchise Cogo Capital

Having tested concept here, company to expand
Linn Parish
Secured Investment Corp., the Coeur d'Alene-based private-money lender, plans to start franchising its young retail subsidiary, Cogo Capital LLC, in an effort to increase its loan volume more quickly. Not quite 1 1/2 years old, Cogo Capital has corp
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Northwest Farm Credit Services posts jump in earnings

$58.1 million in refunds sent to shareholders
Treva Lind
Northwest Farm Credit Services, the Spokane-based agricultural lending cooperative, has reported net income of $237 million for 2013, an increase of 26 percent compared with income of $187.3 million the previous year. Meanwhile, the cooperative says itï
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Banner's net declines for quarter, all of 2013

Bank reports increases in total assets, deposits
Lucas Thayer
Banner Corp., the Walla Walla, Wash.-based parent of Banner Bank and Islanders Bank, has reported fourth-quarter net income of $11.6 million, or 60 cents a diluted share, a decrease from $13.3 million, or 69 cents a share, in the year-earlier quarter.
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—Treva Lind

Lenders play by new ability-to-repay rules

Criteria meant to verify borrowers won't get in over their heads
Treva Lind
Spokane-area banks and credit unions are adjusting to new federal residential mortgage lending standards that require federally insured lenders to take additional steps when collecting a borrower's financial information and calculating ability to repay
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