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Banking & Finance

Washington Trust Bank parent posts increase in earnings

Company's workforce nears 900 employees
September 22, 2016
Washington Financial Corp., the Spokane-based parent of Washington Trust Bank, has reported net income of $26 million through the first half of 2016, up from $21.5 million through the year-earlier period. As of June 30 this year, Washington Trust had tot
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Providence Health system seeks big bond refinancing

Five facilities here included in $222.4 million proposal
September 8, 2016
Kim Crompton
The parent organization for Spokane-based Providence Health Care, the Inland Northwest's largest health-care system, is seeking the issuance of up to $222.4 million in tax-exempt special-fund revenue bonds in a facilities refinancing request that includ
Read More

Inland Northwest Bank's executive offices move in Paulsen Center

Company plans to take space on the 11th floor
August 25, 2016
Construction Associates of Spokane Inc. has started remodeling the 12,000-square-foot 11th floor of the Paulsen Center at 421 W. Riverside, where Inland Northwest Bank plans to move its executive offices, says INB president and CEO Russell Lee. The bank
Read More

BECU set to open first two Spokane-area branches

Credit union is still looking for site for third new office
August 25, 2016
LeAnn Bjerken
Two of the three branches here that Boeing Employees Credit Union announced plans for earlier this year are scheduled to open next month. The organization still is looking for a location for a third branch. The new branches will be the credit union'
Read More

Expense-reporting software company starts its first test

Obloco to market product to banks, credit unions
August 25, 2016
Obloco Inc., a Spokane-based startup that has developed expense-reporting software, began initial beta tests last week with some customers of Washington Trust Bank. Obloco COO Jim Schlosser says the company has designed cloud-based software that it belie
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National sentiment remains bearish despite positives

Stock market highs don't necessarily foretell doom
August 11, 2016
Michael Maehl
The S&P is close to all-time highs, and yet, the broad national sentiment remains very bearish.  Over the past seven and some years, periodic surveys have shown the majority of people in this country have continued to feel that another recession was clo
Read More
—STCU

STCU plans to open branch in Airway Heights in 2017

Building will sit on corner of U.S. 2, Hayford Road
August 11, 2016
Staff Report
STCU, the Spokane area's largest credit union, says it will develop a freestanding branch in the new Hayford Crossing retail plaza at the southwest corner of U.S. 2 and Hayford Road in Airway Heights, with construction to start this fall and the branch
Read More

Community 1st Bank boosts lending infrastructure

New loan office slated for downtown Coeur d'Alene
August 11, 2016
Mike McLean
Post Falls-based Community 1st Bank reported increases in total assets and deposits for the bank's second quarter, while net income was comparable and net loans declined 3 percent compared with the year-earlier period. David Bobbitt, chairman and CEO o
Read More
—Kevin Blocker

Evans' team continues aggressive push for clients

B of A Merrill Lynch VP wraps up first year on job
August 11, 2016
Bank of America Merrill Lynch's Spokane-based commercial banking unit currently oversees $4.4 billion in client assets-primarily here and in Boise-and is poised to add more, says senior vice president and senior client manager Dan Evans. And helpin
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

Disability insurance said key to buyout agreements

Partners are more likely to become disabled than die
August 11, 2016
Todd Radwick
Does your business have a partnership? Do you have a written buy/sell agreement? Like many partnerships, is it backed by life insurance? If you are like most business partnerships, you probably don't have it funded with disability insurance. But why?
Read More
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