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Banking & Finance

Inland Northwest bankruptcy filings trend downward—for now

Lawyers here expect filings to rise after end of pandemic-era consumer protections
February 2, 2023
Virginia Thomas
Bankruptcy filings in 2022 continued the downward trend of the past several years in Eastern Washington, but bankruptcy attorneys here say filings are likely to climb this year. In 2022, 436 bankruptcy cases were filed in Spokane County, according to d
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Post merger, AgWest Farm Credit embraces change

Cooperative on mission to improve customers'efficiency, sustainability
February 2, 2023
Karina Elias
AgWest Farm Credit, the newly formed agricultural lending association, will focus its resources to enhancing its agricultural customer-owners' access to technology, which will enable them to modernize their growing methods and deliver efficient and
Read More

Raymond James Financial office planned in University District

$1.2 million remodel expected to start soon, take five months to finish
January 19, 2023
Virginia Thomas
St. Petersburg, Florida-based multinational investment bank and financial services company Raymond James Financial Inc. plans to establish a new office in Spokane. The company is renovating a 3,000-square-foot space in an office building at
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Parting Thoughts with Numerica Credit Union's Lynn Ciani

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January 19, 2023
Karina Elias
Lynn Ciani, chief risk officer and general counsel for Spokane Valley-based Numerica Credit Union, retired from a 40-year career in law and banking on Jan. 2. Ciani grew up in Southern California and received a bachelor's degree in political science
Read More

Northwest Farm Credit, California co-op complete merger

AgWest to be based here, serve seven-state region
January 19, 2023
Karina Elias
Spokane-based Northwest Farm Credit Services and Rocklin, California-based Farm Credit West have completed their mergers and created a new financial cooperative association, AgWest Farm Credit. The merger, finalized Jan. 1, completes a year-long
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DEI Best Practices: Principles belong in all business operations

Buy-in by leaders said vital for lasting success of diversity initiatives
January 19, 2023
Virginia Thomas
Businesses and nonprofits that implement diversity, equity, and inclusion practices should take steps to ensure that such principles are present throughout operations, some experts here say. Blending DEI into every facet of an organization ensures that
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Visions 2023: Digital trends fuel evolution in financial services

Rapid adoption of tech tools said here to stay
December 29, 2022
Jack Heath
November 2022 marked an important milestone in Washington Trust Bank's history: its 120th anniversary. In many ways, banking in 1902 looked nothing like it does today-no debit or credit cards and no online or mobile access, for starters.
Read More

Visions 2023: Corporate giving expectations become more complex

Companies must do more than make big donations
December 29, 2022
Marty Dickinson
I'm not sure who has the superpower of predicting the future. I know it's not me. The world has seen other pandemics, and there's nothing new about social, economic, and environmental upheaval. But the collision of seemingly unrelated events
Read More

Financial institutions brace for potential recession

Inflation, interest rates predicted to slow loan, credit card demands
December 15, 2022
Virginia Thomas
Financial industry representatives here say that deposit volumes are expected to decrease as consumers and businesses struggle with inflation, and many signs point to a recession developing in 2023.
Read More
—Karina Elias

HMA CPA acquires practice, moves to larger downtown space

Buying firms from retiring accountants is part of strategy, partners say
December 15, 2022
Karina Elias
Spokane-based accounting firm HMA CPA PS has moved to a larger location and has acquired its fifth accounting practice over a six-year span, says Mike Whitmore, shareholder at HMA CPA. 'It's been a big part of our growth strategy, not just organic
Read More
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