Banking & Finance

SRM Development secures $20 million in private capital

Spokane developer planning senior projects in California

June 7, 2018

SRM Development LLC, a Spokane-based development company, has secured $20 million in capital through a private placement with investors. The developer, which focuses on senior housing, multifamily housing, and commercial buildings, will use SRM Senior Ho

Northwest Farm Credit posts increase in earnings

Cooperative also reports 2 percent rise in capital

May 10, 2018

Linn Parish

Northwest Farm Credit Services, the Spokane-based agricultural lending cooperative, has reported first-quarter net income of $74.8 million, up from $65.4 million in the year-earlier quarter. The cooperative also posted a 2 percent increase in total capit

First Interstate Bank to acquire INB

Transaction valued at $160.9 million

April 26, 2018

Billings, Mont.-based First Interstate BancSystem Inc., has agreed to acquire Spokane-based Northwest Bancorporation Inc., parent company of Inland Northwest Bank, the companies announced this morning. First Interstate intends to continue operating all

INW financial planners counsel clients to think long term

Advisers: Ignore headlines, maintain diversified strategy

April 26, 2018

Maybe you're retired, or maybe you're close to retirement, and the stock market, though fluctuating wildly in recent weeks, remains at an all-time high. Despite the appearance of volatility and uncertainty, Spokane-area financial planners say they'

Idaho Central Credit Union to build second facility in Cd'A

Structure slated to house full-service branch, administrative offices

April 26, 2018

Samantha Peone

Construction is underway on a new, $8.6 million Idaho Central Credit Union office to be located at 1327 W. Appleway, in Coeur d'Alene, says Michael Wolsten, ICCU's assistant vice president of North Idaho operations. The three-story building will have

odd Radwick, president of Radwick Financial Group LLC, of Winthrop, Wash., is an insurance and financial adviser. He can be reached at 509.996.3425 and at todd@radwickfinancial.com

Pension-maximizing options allow income flexibility

Some insurances can be structured to secure payout, protect family members

April 26, 2018

Todd Radwick

Do you have a defined-benefit pension plan? We're not talking about 401(k)s or 403(b) deferred compensation accounts. We're talking about an actual life-income pension that gives you a guaranteed income in retirement for the rest of your life. Ofte

State launches online retirement marketplace

Program intends to increase access to savings boost plan

April 26, 2018

Mike McLean

Since the launch of the Washington Retirement Marketplace last month, the nation's first state-verified online marketplace for low-cost retirement plans, its director, Carolyn McKinnon, says the program is receiving an encouraging number of calls and we

PotlatchDeltic merger lifts Hart Capital composite

Market capitalization for public companies totals $12.7 billion

April 26, 2018

Thanks to the merger between Potlatch Corp. and Deltic Timber Corp. that was completed on Feb. 20, the composite value of the nine Inland Northwest-based publicly traded companies rose to $12.7 billion in the recently completed first quarter of 2018. T

STCU to expand physical presence into Tri-Cities

First of three branches slated to open in Kennewick in fall

April 12, 2018

Samantha Peone

Liberty Lake-based Spokane Teachers Credit Union plans to open one branch in each of the three cities collectively known as Tri-Cities by the end of next year, says Sean Watt, vice president of retail delivery for the nonprofit financial cooperative. T

Program aims to reduce unbanked populations in North Idaho

Access, education called keys to financial health

April 12, 2018

In an effort to build better basic financial education, Coeur d'Alene-based United Way of North Idaho has partnered with nearly two-dozen regional community and financial partners to institute a program for unbanked and underbanked residents of North Idah