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Banking & Finance

Foreclosures climbed in Spokane County last year

County tallies record defaults despite gains in home sales
January 16, 2014
Mike McLean
Foreclosure actions completed in Spokane County swelled to a record level in 2013 following a four-year low in 2012, despite other indicators of improving real estate market trends. Last year, the Spokane County Auditor's Office recorded 1,211 foreclos
Read More

Bankruptcies in Eastern Washington, North Idaho fall for third straight year

Spokane, Cd'A attorneys expect trend to continue
January 16, 2014
Katie Ross
Bankruptcy filings fell again in Eastern Washington and North Idaho last year, marking the third year in a row that they've declined. The U.S. Bankruptcy Court's Eastern District of Washington reported 5,057 cases filed in 2013, down 7 percent from
Read More

Spokane-area retailers here feeling good about sales growth in 2014

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December 19, 2013
Katie Ross
Spokane-area retailers say they are planning for strong sales next year. Bryn West, general manager for River Park Square, says the downtown shopping center expects to see an overall 3 percent increase in sales in 2014, which is on par with the predicti
Read More

Technology sector climbs back slowly in the Inland Northwest

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December 19, 2013
Linn Parish
Going into the new year, technology industry observers here say, positive trends in the sector statewide bode well for companies in the Inland Northwest, which they describe on the whole as coming back slowly. Tom Simpson, president of the Spokane Angel
Read More
—Staff photo by Kim Crompton

Regional tourism industry expects strong business next year

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December 19, 2013
Katie Ross
Spokane tourism officials are optimistic that visitor numbers and expenditures will increase in 2014, including among those here for conventions, sports events, and leisure travel. Cheryl Kilday, president and CEO of Visit Spokane, says that organizatio
Read More
—Staff photo by Mike McLean

Health care, manufacturing lead North Idaho rebound

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December 19, 2013
Mike McLean
Health care, manufacturing, tourism, and real estate are among current growth industries in Kootenai County that are expected to continue to improve in the new year, sources in North Idaho say. Alivia Metts, Post Falls-based regional labor economist for
Read More

Spokane-area financial institutions foresee stronger demand for loans

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December 19, 2013
Katie Ross
Financial institutions are projecting solid loan growth and continued low interest rates for 2014, bank executives here say. Peter F. Stanton, chairman and CEO of Washington Trust Bank, says he expects that Spokane-based institution to see 7 percent to
Read More

Despite uncertainties, health care sector executives are optimistic

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December 19, 2013
Kim Crompton
Health care executives appear mostly upbeat about the vitality of that sector here in the coming year, despite continuing national uncertainty related to the implementation of the federal Affordable Care Act. 'We're going to continue to be really in
Read More

As prices fall, mining industry waits for demand to rebound

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December 19, 2013
Treva Lind
With a significant decline in metal prices during 2013, mining companies are cutting costs and focusing on their most promising properties for next year. Laura Skaer, executive director of Spokane-based American Exploration & Mining Association, formerly
Read More
—Staff photo by Treva Lind

Inland Northwest timber industry expects steady recovery in coming year

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December 19, 2013
Treva Lind
The wood products sector is expecting continued, steady improvement next year, largely due to anticipated ongoing recovery in the U.S. housing market, industry observers say. Shawn Church, editor of Eugene, Ore.-based Random Lengths, a publication that t
Read More
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