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Banking & Finance

New Wells Fargo branch envisioned on South Hill

Lincoln Heights bank location may be ready for February opening
October 7, 2021
Karina Elias
San Francisco-based Wells Fargo & Co. has begun planning a new bank branch inside the Lincoln Heights Shopping Center, on Spokane's South Hill, says Juan Lopez, Wells Fargo's senior communications consultant. The branch will be located at
Read More

Current pace of inflation might not be that worrisome

Small part of economy drives increase in CPI
September 23, 2021
Paul Brown
Every day, it seems, there is a warning about inflation, especially in the U.S. where consumer prices jumped 5.4% in July from the previous year and a full 0.9% increase from the month of June. Even if you take out volatile food and energy prices
Read More

Tax proposals said to affect retirement decisions

Proposed legislation includes provisions that could spur earlier retirements, some say
September 23, 2021
Virginia Thomas
Inland Northwest financial experts have observed an increase in people retiring slightly earlier, and some say the potential for an increase in certain federal taxes is playing a role. John Kessler, senior vice president with Spokane-based Washington
Read More
Virginia Thomas

Former Itron employees form Treasury4 fintech startup

Young company gets $3.4M in seed funding round
September 23, 2021
Virginia Thomas
A trio of former Itron Inc. employees has launched Treasury4 Inc., a fintech software startup aimed at serving large corporations. Steve Helmbrecht, Nathan Brown, and Ed Barrie quietly incorporated Treasury4 in July 2020. Last month, the company closed
Read More

Taxing Concerns: Spokane bankers question proposed IRS reporting mandate

Requirement could burden financial institutions, observers say
September 23, 2021
Karina Elias
Spokane-area community banks and credit unions are unified in opposition to proposed federal legislation that would require them to report to the IRS on the deposits and withdrawals of all business and personal accounts with a balance of more than $600.
Read More
ALSC Architects PS

PrimeSource Credit Union starts renovation of University District branch

Updates to include office spaces, flooring, ATM
August 26, 2021
Virginia Thomas
PrimeSource Credit Union, of Spokane, is working on a full renovation of its branch at 428 E. Third, east of downtown Spokane. Permits have been issued for the project, and work has begun, says Annettee Babb, CEO of PrimeSource. Demolition of some
Read More
VIRGINIA THOMAS

Stauffer & Associates acquires Butler Robinson

Company owner sets goal to become largest locally owned practice
August 26, 2021
Virginia Thomas
Liberty Lake-based accounting firm Stauffer & Associates PLLC has acquired Spokane Valley-based Butler Robinson & Associates PS. Sam Mansour, owner, partner, and
Read More

Securing financing needed for post-pandemic growth

Options remain to access funds as economy returns
August 12, 2021
TJ Brill
As the Eastern Washington economy slowly returns to pre-pandemic levels, consumers are eagerly spending on the products and services they were forced to forgo during the COVID-19 pandemic.
Read More

Divorce after 50 can add to challenges for women

Even necessary change brings financial hardship
August 12, 2021
Sarah Carlson
Divorce is difficult for everyone going through it, yet it is a necessary change toward a healthy life for many women. Divorce dramatically increased by 109% over the past 25 years among those aged 50 and older, according to Forbes.com.
Read More

Success in investing can involve more than smarts

Disciplined approach can outperform market experts
August 12, 2021
Rick Biel
Investing is an unusual endeavor in that it is entirely possible for someone with no credentials in finance to actually outperform someone who is highly trained in that world.
Read More
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