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Banking & Finance

—LeAnn Bjerken

Banking in a gig economy

Wells Fargo works to meet needs of those with nontraditional incomes
January 31, 2019
LeAnn Bjerken
With technology enabling people to complete their work from just about anywhere, a growing number of workers are turning to 'gig work,” or income-earning activities outside of traditional long-term employment.
Read More
—Alla Drokina

Rooted in Spokane area, Wheatland Bank expects to grow

Bank reported record net income last year
January 31, 2019
Alla Drokina
With several Inland Northwest banks in the area becoming acquisition targets in recent years, Spokane-based Wheatland Bank is steadfast to remain independent, asserts Susan Horton, CEO and president of the bank.
Read More
LeAnn Bjerken

Bank of America building sells for $47.7 million

City's tallest building is first investment here for Canadian company
January 31, 2019
LeAnn Bjerken
The Bank of America Financial Center-the tallest building in Spokane-has sold to Canada-based Redstone Group of Cos., one of British Columbia's largest private commercial real estate companies.
Read More
ALSC Architects PS

STCU to replace branch in North Idaho

~
January 17, 2019
Staff Report
Spokane Teachers Credit Union, of Liberty Lake, plans to build a new branch building in Ponderay, Idaho, and move operations from an existing branch there. The new, 4,100-square-foot building will be located at 477123 U.S. Highway 95
Read More

Finance experts: Economic growth to slow in 2019

~
December 20, 2018
Virginia Thomas
Financial experts here say 2018 has been a good year for the Spokane area, but 2019 is unlikely to bring the same rate of growth. Steve Scranton, chief investment officer and economist for Spokane-based Washington Trust Bank, characterizes 2018
Read More
—Virginia Thomas

Quantum Financial takes team approach to planning

39-year-old company focuses on the long term
December 6, 2018
Virginia Thomas
Quantum Financial Planning Services Inc., founded here by Al Herman and Houston Scrudder in 1979, got on the financial planning train relatively early, says Eric Christiansen, certified financial planner and a managing member with the company.
Read More
—Samantha Peone

Factoring illness, diseases into financial planning

Experts recommend all health outcomes weighed when preparing to retire
December 6, 2018
Samantha Peone
When someone has or suspects they might develop a chronic, disabling health condition, such as Alzheimer's disease or Huntington's disease, preparing for retirement has challenges to be faced on a case-by-case basis, some financial advisers here
Read More
—LeAnn Bjerken

Spokane advisers on the FIRE approach to investing, saving

Under new investment approach, some Millennials plan to save more, quit work sooner
December 6, 2018
LeAnn Bjerken
While many of us have asked a financial adviser what steps might help us achieve an early retirement, it's a good bet the majority of younger workers don't really expect to be able to do so anytime soon.
Read More

Next step taken in protracted Metropolitan Mortgage saga

Investors receive another $10.9M; next distribution could be final payment
December 6, 2018
Kim Crompton
Investors who lost millions of dollars when Spokane-based Metropolitan Mortgage & Securities Co. shut down 14 years ago have recouped another small portion of their money.
Read More

A Bank inquiry scam tops list in recent BBB report

Money wiring con also ranked among five riskiest
November 8, 2018
Tyler Russell
Bank card and credit card company imposters, fraudulent directory listing and advertising, fake invoices, fake checks, and technical support frauds are the top five small business scam risks identified in a study.
Read More
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