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Banking & Finance

Frugal janitor's life provides good financial lessons

Investors of modest means can become best clients
February 2, 2017
Rick Biel
A number of years ago, I briefly worked for one of the largest brokerage firms in the country. While there, I received some of the best advice I ever received with regard to succeeding in the industry. One of the top producers at that firm told me that
Read More

INB parent posts rise in net income for fourth quarter, year

Banner, Glacier also report gains in earnings
February 2, 2017
Linn Parish
Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, has reported fourth-quarter net income of $1.4 million, or 21 cents a diluted share, up from income of $726,000, or 11 cents a share, in the year-earlier quarter. For all
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Stay Alfred raises $15 million in capital

Company hopes to use funds to go international
February 2, 2017
LeAnn Bjerken
Stay Alfred, the nationwide urban vacation rental company based here, says it has secured $15 million in Series A funding from a Seattle-based investor and expects to use the money to expand its presence globally and to increase its rental unit inventory
Read More

Foreclosures in Spokane area rose last year

Increase follows big drop in defaults during 2015
January 19, 2017
Linn Parish
Completed foreclosures in Spokane County increased in 2016, following a precipitous decline the previous year. The Spokane County Auditor's Office recorded 778 foreclosures last year, up 9 percent from 714 foreclosures in 2015. While the number of d
Read More

Inland Northwest stock composite finishes strong

Itron, Potlatch lead bump in market capitalization
January 19, 2017
Hart Capital Management Inc., of Spokane, says the composite value of the 10 publicly traded Inland Northwest companies rose to $10.9 billion in the fourth quarter of 2016, an increase of $286 million, or 3 percent, from the previous quarter. It's the
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Bankruptcy filings in Eastern Washington drop for sixth straight year

Attorneys say volume could start to increase
January 19, 2017
LeAnn Bjerken
Bankruptcy filings in Eastern Washington and North Idaho have declined for the sixth straight year. The U.S. Bankruptcy Court's Eastern District of Washington reported a total of 3,986 filings in 2016, down from 4,219 in 2015, a decrease of nearly 6 p
Read More

Finance industry executives are bullish, regardless of rate hikes

-
December 15, 2016
Kim Crompton
Bank, credit union, and investment market executives here are mostly bullish about the coming year, despite potentially growth-dampening effects of anticipated Federal Reserve rate hikes and uncertainties stemming from the recent presidential election. T
Read More

Palouse Capital strategy nabs 'Top Guns' honor

Firm's other strategies are previous honorees
December 15, 2016
Kim Crompton
Palouse Capital Management Inc., a Spokane-based boutique asset management firm, says its Diversified Income Strategy has earned recognition-for the eighth time-as a top performer in the PSN Top Guns list for the 12-month period that ended Sept. 30.
Read More

Investing in defense (stocks) can be a good offense

Allocations to the Pentagon are projected to increase
December 1, 2016
Guest Commentary
Investors in the aerospace and defense industry have enjoyed a strong return of 11.3 percent so far this year-as of Oct. 21-and that strength is primed to continue generating above-average returns over the foreseeable future. Government spending all
Read More
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

Selling a business to create a retirement nest egg

Universal life policy can provide tax-free income
December 1, 2016
Todd Radwick
If you are like many business owners or professionals with a practice, you envision using the proceeds from the sale of your business someday to fund your retirement. You also may be investing in stocks, bonds, mutual funds, IRAs, or real estate, but the
Read More
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