Banking & Finance

Selkirk envisions $80 million Papillon Towers on North Bank

Urban developers hope to break ground in spring

November 21, 2019

Spokane-based development company Selkirk Development LLC has set its sights on a new, two-tower project that founder and CEO Sheldon Jackson hopes will set a new standard for development in Spokane.

Inland Capital moves headquarters to South Hill

Financial company moved to meet planned growth

November 7, 2019

Natasha Nellis

Spokane-based financial services company Inland Capital LLC has leased about 4,000 square feet of space in the Boulevard Park Office Center, at 2607 S. Southeast Blvd., on Spokane's South Hill, where it has moved its headquarters.

Inland Northwest Composite tops $11 billion

Results of Hart reports mark third straight quarterly increase

November 7, 2019

Kevin Blocker

Hart Capital Management Inc., a Spokane-based financial advising company, says the composite value of the region's seven publicly traded companies rose to $11.1 billion in the third quarter, the first time this year the composite has topped $11 billion.

Credit union growth shown to outpace banks

Banks still have lion's share of market, however

November 7, 2019

Kevin Blocker

Founded in 1934, it took Spokane Teachers Credit Union until 2008 to secure $1 billion in assets under management. By 2014, STCU topped $2 billion in assets. Then, earlier this year, the Liberty Lake-based credit union topped the $3

Financial institutions, customers endure trade disputes

Banks remain healthy, consider long-term outlook

November 7, 2019

Virginia Thomas

As trade disputes between the U.S. and some foreign nations persist, a couple of financial institutions here say they and their customers are weathering the storm.

Financing restrictions eased for condo buyers

Such development in state remains stagnant despite recent nationwide reforms

November 7, 2019

Natasha Nellis

Recent changes to the Federal Housing Administration's condominium financing guidelines will make buying a condominium cheaper and such homeownership more accessible, says Darin Watkins, governmental affairs director for the Spokane Association

Spokane economist named to state Community Economic Revitalization Board

Ocasio Hochheimer to serve three-year term with revitalization entity

October 24, 2019

Virginia Thomas

Spokane economist Vange Ocasio Hochheimer has been appointed to the Washington state Department of Commerce Community Economic Revitalization Board. Her three-year volunteer term began Sept. 3.

Innovia launches initiative to keep more wealth in Inland Northwest

Big generational transfer expected in next decade

October 24, 2019

Kevin Blocker

Recognizing the chance to seize on an 'unprecedented opportunity,â€ leadership at the Innovia Foundation, which oversees targeted endowments, local grants, and scholarships, has started an awareness campaign across the 20-county region it serves.

Baby boomers face decision of a generation

Spokane area, longtime business owners look to sell, shutter as careers wind down

October 24, 2019

Kevin Blocker

Ronald Brown plans to travel and do more photography after he finishes selling off inventory at Brown Building Materials, the East Spokane surplus store he's operated since the late 1980s.

Remitly opens Spokane office

International money transfer company cites talent pool here

October 16, 2019

Mike McLean

Remitly, a Seattle-based international money transfer company that claims to serve nearly 2 million customers, has opened a Spokane office in the Bennett Block building, at 503 W. Main downtown. The company transfers more than $6 billion annually for c