Banking & Finance

Northwest Farm Credit Services reports rise in earnings year to date

Net interest income, total capital also have increased

November 20, 2014

Northwest Farm Credit Services, the Spokane-based agricultural lender, has posted earnings of $173 million for the nine months ended Sept. 30, a $2.2 million increase compared with the year-earlier period. In a press release, Northwest FCS President and

Trust management firm looks to expand regionally

Northwest Trustee reports strong revenue upswing

November 6, 2014

Katie Ross

Spokane professional trust and estate management firm Northwest Trustee & Management Services has seen its revenues climb 35 percent in the last two years, and it expects that strong growth rate to continue, says Greg Bowman, trust investment and develop

Secured Investment Corp. runs afoul of state regulations

Meantime, Cd'A company closes its Spokane office

November 6, 2014

Mike McLean

The Washington state Department of Financial Institutions has issued a notice of violation against Secured Investment Corp., the Coeur d'Alene-based parent company of a private-money lender that had been doing business here as Cogo Capital Spokane LLC.

Young Ten Capital Investment Advisors grows

Separately, firm, INB develop strategic partnership

November 6, 2014

Linn Parish

Ten Capital Investment Advisors LLC, a young independent financial advisory company co-founded by a longtime veteran of the industry, has grown substantially this year in terms of assets under management.

Waiting for Apple Pay Day

Spokane credit unions to be among first 500 institutions to use platform

November 6, 2014

Judith Spitzer

Two credit unions here, Numerica Credit Union and Spokane Teachers Credit Union, will be among the first wave of financial institutions to partner with technology giant Apple Inc. and offer Apple Pay, a new payment platform launched Oct. 20.

Banner Bank, AmericanWest Bank to merge

Transaction valued at $702 million

November 5, 2014

Staff Report

Banner Corp., the publicly-traded, Walla Walla-based holding company for Banner Bank and Islanders Bank, announced this afternoon that it has agreed to merge into its operations privately-held, Spokane-based AmericanWest Bank in a $702 million transaction

NWBDA appoints new leader as Acevedo steps back

Debbie Shipman named president of SBA lender

October 23, 2014

Mike McLean

Debbie Shipman has been named president of the Northwest Business Development Association, and longtime president Gil Acevedo plans to stay on with the nonprofit to help with the transition until May, when he plans to retire. Shipman says her goal for th

Umpqua Bank gives $420,000 to two organizations here

Grants benefit programs aimed at youth, education

October 23, 2014

Mike McLean

In an initial round of grants to Spokane-area nonprofits, the Umpqua Bank Charitable Foundation has awarded a total of $420,000 to Second Harvest Food Bank of the Inland Northwest and Excelerate Success, says Eve Callahan, an Umpqua spokeswoman.

Tax planners expecting final tweaks after election

Some final rules for 2014 might be written next year

October 23, 2014

Mike McLean

Some tax preparers here say they're expecting a compressed tax season as Congress likely won't consider renewing expired tax breaks until after the Nov. 4 midterm election.

INB parent posts increase in earnings

Bank's total assets hit record level

October 16, 2014

Staff Report

Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, reported today third-quarter net income available to common shareholders of $976,000, or 23 cents a diluted share, up from income of $708,000, or 22 cents a share, in the ye