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Banking & Finance

Banner Bank parent posts increase in earnings

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January 21, 2015
Staff Report
Banner Corp., the Walla Walla, Wash.-based holding company for Banner Bank that agreed to acquire Spokane-based AmericanWest Bank late last year, today reported fourth-quarter 2014 net income of $12.2 million, or 63 cents a diluted share, up from $11.6 mi
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Bankruptcy filings drop across Inland Northwest

Improved economy, fuel prices said to help some
January 15, 2015
Katie Ross
Bankruptcy filings in Eastern Washington and North Idaho have declined for the fourth year in a row, which could be due to the continued economic recovery, says Spokane bankruptcy attorney Kevin O'Rourke. O'Rourke, a Spokane-based bankruptcy attorne
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Foreclosure numbers dip in Spokane, remain historically high

Housing recovery said to hinge on job growth
January 15, 2015
Mike McLean
Foreclosure actions completed in 2014 in Spokane County fell 19 percent compared with the record number of foreclosures in 2013, but they're still historically high, some housing-market observers here say. The Spokane County Auditor's Office recorded
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Horizon to absorb smaller CU here

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January 13, 2015
Mike McLean
Spokane Valley-based Horizon Credit Union and Spokane-based United Health Services Credit Union, of Spokane, today announced they've agreed to merge, pending regulatory approval. The boards of both credit unions voted unanimously Tuesday to pursue th
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Chicago brokerage acquires Spokane-based Fidelity Associates

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January 8, 2015
Staff Report
Fidelity Associates Financial Services Inc., a Spokane-based insurance and employee-benefits brokerage with roots dating back to 1906, has sold its assets to Chicago-based Hub International Ltd. Hub International didn't disclose the terms of the tran
Read More

Accountants enjoy 'employee's market'

High demand here mirrors what's occurring nationally
December 18, 2014
Judith Spitzer
Looking for a career with low unemployment, a respectable salary, and good job prospects? With an unemployment rate of 3 percent, roughly half of the national average, accountants currently are in high demand here and across the country, says Rick Betts
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Loan, deposit growth likely to remain strong

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December 18, 2014
Katie Ross
As the economy continues to recover and interest rates remain flat, financial experts here anticipate solid loan and deposit growth next year.
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Increase your odds of successfully selling your business

Planning ahead, minimizing surprises can help chances
December 4, 2014
Tensie Homan
The majority of business owners plan on using the proceeds from the sale of their business to fund their retirement. However, the 2013 State of Owner Readiness Survey revealed that more than 80 percent of business owners have no formal transition plan.
Read More

Asset-management firm here wins another honor

Palouse Capital strategy recogized as a 'Top Gun'
December 4, 2014
Kim Crompton
Palouse Capital Management Inc., of Spokane, says its Large Cap Value Strategy has earned recognition as a top performer in the PSN Top Guns list, a quarterly ranking of investment managers that's used by institutional asset managers and investors natio
Read More

School Employees Credit Union buys Valley building for branch move

New space closer to big retailers, freeway access
December 4, 2014
Mike McLean
School Employees Credit Union of Washington has bought a building in Spokane Valley and plans to move its lone Eastern Washington branch there from near downtown Spokane, says Sherry Lotze, a spokeswoman for the Seattle-based credit union. The new locati
Read More
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