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Banking & Finance

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Washington Trust names new CEO

Heath becomes first person outside of Stanton family to lead 122-year-old company
April 8, 2024
Karina Elias

W.T.B. Financial Corporation, the holding company for Spokane-based Washington Trust Bank, has changed its leadership structure with four key transitions and promotions within the financial institution’s executive leadership team. 


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Meet & Greet: Tim Cassels, Chief Financial Officer, State Bank Northwest

March 28, 2024
Karina Elias

State Bank Northwest has appointed Tim Cassels, a 30-year veteran of the financial industry, as its newest chief financial officer. 


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Financial Trex sees rise in fee-only advising

Trend in industry moves from commission base
March 14, 2024
Karina Elias

Financial Trex has been offering fee-based financial planning for close to a decade, with a focus on the "sandwich" generation, middle-aged people caring for both parents and children. 


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Giving strategy can aid charity, reduce tax liability

Charitable lead trust can work as bridge to wealth transfer
March 14, 2024
Beau Ruff

A charitable lead trust can provide a stream of income to a charity of choice in addition to acting as a legally sanctioned wealth transfer technique.


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Michael Maehl

Investing at market peak still pays off over time

Cyclical highs usually followed year later by higher performance
March 14, 2024
Michael Maehl

History shows there’s little cause to fear investing at the peak of a market cycle for those who are investing for the long run.


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Former Woodbury adviser pleads guilty to investment fraud

Ronald Hannes sentenced to repay over $3M restitution
February 29, 2024
Erica Bullock

Former investment adviser Ronald W. Hannes has been sentenced to five years of probation and is required to pay restitution of $3.18 million.


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AI, labor shift, strategic partners to shape 2024

Business leaders should prep for opportunities in current, emerging trends
February 29, 2024
Kurt Walsdorf

The new year provides business owners with an opportunity to review their operations and industry best practices.


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Insurance rate mayhem: Rates soar following years of modest gains

More claims, increased costs lead to double-digit hikes, with some insurers pulling back
February 29, 2024
Karina Elias

Insurance rates for property and auto premiums have risen by double digits in the past year, brought on by higher volume of claims, the higher cost to repair and rebuild, and the increased frequency of extreme weather events with significant damage or loss 


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City looks to raise awareness of tax credit

New Market program hasn't been used in Spokane since 2011
February 15, 2024
Dylan Harris

A city of Spokane event aims educate the community and spread awareness about the federal New Markets Tax Credit program.


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Proposed legislation to compel more retirement savings

To be called Washington Saves, state-run IRA draws some private-sector concerns
February 15, 2024
Dylan Harris

Washington Saves program aims to address lack of retirement savings for many Washingtonians.


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