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Banking & Finance

Now is time to start 2022 tax, wealth planning

Key highlights this year include some increases in retirement plan limits
April 7, 2022
Charissa Anderson
We tend to be most aware of our specific income, charitable contributions, family gifts, and retirement savings or withdrawals as we gather our information for last year's tax return preparation.
Read More

Companies face a more digital working world now

Spokane is experiencing arrival of hybrid future
April 7, 2022
Kurt Walsdorf
As the effects of the coronavirus continue to reshape our world, several factors are accelerating the shift to a more digital, hybrid future in Spokane.
Read More
Karina Elias

Student loan debt can complicate retirement savings for older borrowers

More parents said to take out loans for their children
April 7, 2022
Karina Elias
While student loan debt continues to rise and impact borrowers of all ages, the debt growth has been highest among older borrowers, says a report by AARP Public Policy Institute.
Read More
KARINA ELIAS

SBA-backed lending surges in the Inland Northwest

Main loan type is recovering from pandemic slowdown
April 7, 2022
Karina Elias
U.S. Small Business Administration-backed lending had a strong year in 2021 and is keeping up pace so far this year, some SBA lending officials here say.
Read More

Rising rates to widen bank's net margins

Dynamic could hamper lending demand, though
April 7, 2022
Virginia Thomas
Anticipated federal funds interest rate hikes are expected to foster an environment of growth and diversified investment among banks. One of the key ways in which banks make money is through interest rates on funds the banks loan.
Read More

Digital mortgages increase in INW

Advances lead to quicker decisions for borrowers, more accurate apps
April 7, 2022
Erica Bullock
Some lenders in Spokane County have experienced an increased volume of digitally initiated mortgage applications since the onset of the pandemic, though not all attribute the shift to COVID-era behavior changes.
Read More

Northwest Farm Credit Services allocates $56.9 million dividend for 2021

Patronage checks share earnings with members
March 24, 2022
Karina Elias
Northwest Farm Credit Services' customer-members in Washington have received nearly $56.9 million in annual patronage dividends checks, the Spokane-based agricultural lending cooperative announced. The dividends were down $5.5 million from $62.4
Read More
File

Texas company Radiant acquires Mainstream Electric

Spokane Valley company shifts to subsidiary role
March 24, 2022
Virginia Thomas
A company based in Austin, Texas, has acquired an ownership interest in Spokane Valley-based Mainstream Electric Inc., which does business as Mainstream Electric, Heating, Cooling & Plumbing. Mainstream Electric's owners Elaine and Todd Damschen say
Read More
Erica Bullock

Seattle law firm Luvera expands into Spokane

Practice grows presence in Eastern Washington
March 24, 2022
Erica Bullock
Luvera Law Firm, a Seattle-based personal injury legal practice, has opened an office recently in Spokane, says managing partner Robert Gellatly. Luvera Law Firm's Spokane expansion, its second office overall, has brought two longtime Eastern
Read More
Spokane Transit

Transportation priorities shift

Focus has shifted away from roads to a degree, some say
March 24, 2022
Erica Bullock
The state's transportation priorities have shifted noticeably in the recently approved 16-year, $17 billion transportation bill, some local leaders and state transportation representatives say. While some traditional roadway preservation and
Read More
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