Banking & Finance

FSC Financial Group to rebrand at start of 2015

Firm added third partner at beginning of the year
Kim Crompton
FSC Financial Group, an independent financial advising and wealth management firm founded here by Fred S. Cox III and Steve Gray in 1991 and that added a third adviser early this year, says it plans to change its name on Jan. 1 to Premier Partners Wealth
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—Katie Ross

A wealth of growth in Washington Trust unit

Bank's wealth management department handles trusts, investments for its clients
Katie Ross
The wealth management and advisory services department of Spokane-based Washington Trust Bank has been experiencing asset and revenue growth of close to 10 percent a year for the last ten years, says Rob Blume, managing director and senior vice president
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—Katie Ross

Trust management firm looks to expand regionally

Northwest Trustee reports strong revenue upswing
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
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—Mike McLean

Secured Investment Corp. runs afoul of state regulations

Meantime, Cd'A company closes its Spokane office
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.
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—Linn Parish

Young Ten Capital Investment Advisors grows

Separately, firm, INB develop strategic partnership
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.
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—Judith Spitzer

Waiting for Apple Pay Day

Spokane credit unions to be among first 500 institutions to use platform
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.
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Banner Bank, AmericanWest Bank to merge

Transaction valued at $702 million
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
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