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Banking & Finance

Virginia Thomas

Proposed bills could protect cannabusiness bankers

Rub between federal, state law could be smoothed out
June 20, 2019
Virginia Thomas
Washington financial institutions and regulators say they're watching closely several pieces of federal legislation regarding cannabis that could impact how banks and credit unions handle banking for the cannabis industry.
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Natasha Nellis

Connecting high tech and high touch in banking

Umpqua, U.S. Bank hit refresh on mobile apps
June 20, 2019
Natasha Nellis
In the face of the rising dependence on smartphones, more banks are developing apps that work to build relationships with customers and offer on-the-go financial advice.
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A first look at Canopy Credit Union's new look

Art Only
June 6, 2019
Writer Guest
This rendering from HDG Architecture provides a first look at Spokane Federal Credit Union's rebrand to Canopy Credit Union, which will take effect July 22. The credit union is constructing a new branch at 13015 E. Sprague, in Spokane Valley.
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Spokane-area foreclosures decline further

Observers here call uptick in April nothing but noise
June 6, 2019
Natasha Nellis
Recent data released by Irvine, California-based real estate research company Attom Data Solutions show foreclosure rates for Spokane County, already at a historic low, continued their downward trend for the first quarter of 2019, a trend Spokane market
Read More

Power of compounding shouldn't be overlooked (finance)

Investing early, over long timeline adds to savings
April 11, 2019
Chris Malde
The purchase of Manhattan Island by Peter Minuit for $24 in 1626 is commonly used as an example of a one-sided trade in favor of the Dutch. However, applying the power of compound interest to this sale suggests that it could have also worked out well for
Read More
Natasha Nellis

Student loan debt is substantial in Spokane, Coeur d'Alene

Nearly fifth of student loan borrowers in Spokane have debt in collections
April 11, 2019
Natasha Nellis
Roughly 40% of student loan borrowers are expected to default on their loans by 2023, according to an analysis by The Brookings Institution, a Washington, D.C.-based nonprofit public policy organization. In Spokane County, 18% of the population has
Read More
Alla Drokina

PayTrace puts its focus on business merchants

Fintech company reports annual growth in activity
April 11, 2019
Alla Drokina
PayTrace Inc., a company specializing in payment processing software for businesses, processed 52 million transactions involving a total amount of over $31 billion in 2018. 'What our software does is help reduce those higher processing rates
Read More
LeAnn Bjerken

Trust in Downtown: Washington Trust's vision for its headquarters

Big Spokane bank endeavors to establish close-knit campus
April 11, 2019
LeAnn Bjerken
While Washington Trust Bank has yet to release its first quarter financial results, the bank has made some big investments recently that will support its growth in 2019, says longtime President and Chief Operating Officer Jack Heath.
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Vista Title acquires Prime Real Estate Closing

Operations to fall under one umbrella starting in April, employ 34 in all
March 28, 2019
Natasha Nellis
Spokane-based Vista Title & Escrow LLC has agreed to acquire the assets of Spokane-based Prime Real Estate Closing & Escrow LLC, says Vista CEO Anthony Carollo.
Read More

Washington Trust buys Wells Fargo Center

INHS to move to new quarters over next three years
March 27, 2019
Mike McLean
Spokane-based Washington Trust Bank has agreed to buy the 17-story Wells Fargo Center, at 601 W. First in downtown Spokane, from Inland Northwest Health Services. The terms of the transaction, which is expected to be completed April 19, weren't disclos
Read More
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