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Banking & Finance

Despite popularity, robo-advisers can miss big picture

Choices often based on limited amount of data
November 9, 2017
Alicia O'Mary
Automation and the transition to digital solutions are affecting more and more industries, and financial services are no exception. Over the past few years, tech-savvy consumers increasingly have embraced financial-technology investment tools to save tim
Read More

Idaho Independent Bank prepares for transition

Second-generation Gustavel to take over at first of year
November 9, 2017
Keith Erickson
While its customers might not realize any difference in services or policy, Coeur d'Alene-based Idaho Independent Bank will face a big change come New Year's Day. On Jan. 1, Kurt Gustavel, 48, will take over the leadership of IIB from his father, Jac
Read More
—Kevin Blocker

The learning curve for STCU's Ezra Eckhardt

Incoming CEO starts whirlwind tour of STCU's expansive footprint
November 9, 2017
Ezra Eckhardt might not be assuming the role of president and CEO of Liberty Lake-based STCU until Jan. 1, but he's already hit the ground running visiting branches and learning all about the organization he'll soon lead. In an interview just a week
Read More
—LeAnn Bjerken

BECU's eastward expansion

Credit union's membership here rises by 65 percent
November 9, 2017
LeAnn Bjerken
Barely a year after establishing its first retail presence in the Spokane area, Boeing Employees Credit Union plans to expand its reach here. BECU, the largest credit union in Washington state and the fourth largest nationwide, with nearly $12 billion in
Read More
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Reform buzz builds uncertainty among Spokane-area tax pros

Some deductions, credits go away prior to changes
October 26, 2017
LeAnn Bjerken
Some Spokane-area tax preparers say President Trump's recently announced plan for tax reform has shifted their focus toward possible major changes coming in 2018, rather than the comparatively few changes in the tax code for this year. 'In my opinion
Read More

Four benefits trends shape destination workplaces

Employers enhance perks to offset rising health costs
October 26, 2017
Charlie Issacs
As businesses tally expenses and set their budgets for next year, many won't be able to escape the fact that health care price inflation continues to fuel increases in the cost of benefits. According to Arthur J. Gallagher & Co.'s 2017 Benefits Strat
Read More

Inland Northwest Bank parent reports drop in earnings

Company attributes dip to acquisition costs
October 26, 2017
LeAnn Bjerken
Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, has reported third-quarter net income of $960,000, or 13 cents a diluted share, down from income of $1.55 million, or 24 cents a share, in the year-earlier quarter. For t
Read More

Inland Northwest composite increases

Seven of nine companies had gains in market cap
October 26, 2017
LeAnn Bjerken
Hart Capital Management Inc., of Spokane, says the composite value of the nine publicly traded Inland Northwest companies increased to $12.2 billion in the recently completed third quarter, an increase of $1.1 billion, or 9.7 percent, from the previous qu
Read More

STCU names Eckhardt as its new president, CEO

Veteran bank executive to replace retiring Tom Johnson
October 16, 2017
Staff Report
STCU, the Liberty Lake-based credit union, announced this afternoon that it has selected veteran bank executive Ezra Eckhardt to become its new president and CEO. He will start in that position Jan. 1. Eckhardt will replace Tom Johnson, who announced p
Read More
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Median household income increase in Spokane County outpaces U.S., state

Analyst says gain is due to increase in jobs, not wages
October 12, 2017
LeAnn Bjerken
Household income in Spokane County has increased at a faster pace than statewide and national incomes, data compiled by the Community Indicators of Spokane Initiative show. Countywide annual median household income rose 9.3 percent last year, according t
Read More
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