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Banking & Finance

Fire department plans new boathouse at north end of Lake Coeur d'Alene

Construction timeline said dependent on supply chain, but could start in March
January 13, 2022
Virginia Thomas
The Coeur d'Alene Fire Department is building a boathouse for its fire boat at the foot of Tubbs Hill. Fire Chief Kenny Gabriel says the project will cost about $450,000.
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Karina Elias

Hispanic Business Professional Association steps up in pandemic

HBPA aids business owners in securing relief, financial access
January 13, 2022
Karina Elias
Oscar Escamilla, who co-owns Tacos el Sol restaurant with his wife, Irma Zuniga, says he considered closing the restaurant at 3422 N. Division, in Spokane, during the first month of the pandemic in 2020, as he put his staff of three on leave.
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INW financial institutions are optimistic for strong 2022

Interest rate hikes likely as inflation woes persist
December 16, 2021
Virginia Thomas
Financial industry experts here say 2021 has been stronger than many institutions had expected, and that momentum could carry into 2022, especially if the Federal Reserve raises interest rates. Steve Scranton, chief investment officer and economist at
Read More

State Bank Northwest expands into more rural communities

Rockford office is second of three branches planned in farming communities
December 16, 2021
Karina Elias
State Bank Northwest has opened a new loan production center in downtown Rockford, about 15 miles south of Spokane Valley. The new office, located at the southwest corner of Emma Street and First Street in Rockford, opened on Dec. 1 within a building
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RiverBank names new CEO

Wilson promoted from chief banking officer at bank in U District
December 16, 2021
Staff Report
Spokane-based RiverBank Holding Co., the parent company of RiverBank, has named Michael F. Wilson as its new CEO. Wilson succeeds Mark Dresback, who died unexpectedly on Nov. 4. Wilson, who most recently served as chief banking officer at RiverBank
Read More

HMA CPA acquires Kavadias accounting

Firm working out of two offices with plans to seek single, combined space
December 16, 2021
Mike McLean
Spokane accounting firm HMA CPA PS has acquired a smaller Spokane firm, Kavadias Group PLLC, and the combined firms will operate under the HMA name, says shareholder Kevin Sell. In the transaction, HMA has brought on all eight staff members from
Read More

Sentiments of hope, worry are ever present in stock market

Current financial position remains accommodative
December 2, 2021
Tim Mitrovich
Worry is real. So are reasons to be hopeful. One of the hardest parts about dealing with worry is that there are usually good reasons to worry. Even in 'good times” there are issues or potential issues, and the inevitably of struggle in some area of
Read More
Karina Elias

D.A. Davidson promotes wealth management for all

In 2020, company saw 9% rise in net revenue
December 2, 2021
Karina Elias
Wealth management isn't just for the wealthy, says Michael Jackson, senior vice president and Spokane-Coeur d'Alene branch manager at D.A. Davidson & Co. Jackson says he encourages anybody interested in their financial future and well-being to
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Many boomers expect to carry debt into retirement, observers say

Some advisers here urge debt-relief strategies for security, peace of mind
December 2, 2021
Erica Bullock
A large share-46%-of American consumers say they expect to retire in debt, according to a recent survey by MoneyMagnify, a subsidiary of Charlotte, North Carolina-based Lending Tree, and some financial advisers here say that expectation isn't
Read More

Concerns about inflation are, well, inflated, advisers say

INW observers downplay effects on retirement investments
December 2, 2021
Virginia Thomas
As inflation becomes a growing concern for the U.S. economy, some wealth management advisers here say it shouldn't be a threat for most investors. In October, the U.S. Bureau of Labor Statistics said the consumer price index for all consumers increased
Read More
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