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Home » Authors » Richard Ripley

Articles by Richard Ripley

Intermountain to talk about TARP program

Bankers also will seek communities' ideas in town hall meetings
February 26, 2009
Richard Ripley
Intermountain Community Bancorp, of Sandpoint, says it will hold town hall meetings in March in 19 communities it serves across Idaho and Eastern Washington to talk about how it will use money it has received from the U.S. government and also to in
Read More

Farm Credit's net exceeds $124 million

February 26, 2009
Richard Ripley
Northwest Farm Credit Services, of Spokane, has reported 2008 net income of $124.4 million, up from $114.1 million in 2007, and says its net loans grew by an unusually high 20 percent last year, to more than $7.8 billion.The federally chartered
Read More

INB's parent reports losses for all of 2008, fourth quarter

CEO says $10.5 million from TARP could boost lending
February 26, 2009
Richard Ripley
The parent company of Inland Northwest Bank (INB), of Spokane, has reported net losses of $1.42 million for the fourth quarter and $275,000 for all of last year and has obtained $10.5 million in capital from the U.S. government that it says would 2
Read More

Ambassadors Group trims 40 more people from payroll

Recent cutbacks part of 'rightsizing' that lopped off 69
February 26, 2009
Richard Ripley
Ambassadors Group Inc., of Spokane, completed a downsizing last month when it reduced its payroll by about 40 people.Their departure meant the company had cut its employment rolls by a net of 69 workers since the end of 2007, leaving Ambassadors
Read More
—Courtesy of Conventional Wisdom Corp. and ALSC Architects PS.

PFD unveils a new master plan

Long-term expansion ideas emerge for downtown facilities
February 26, 2009
Richard Ripley
The Spokane Public Facilities District has released a new master plan that includes several potential scenarios for expansion of convention facilities here, green ideas on how to tie its facilities to the Spokane River and Riverfront Park, and a or
Read More

Idaho bank's earnings hit $9 million

Mountain West's profits slipped some, but assets, loans grew during 2008
February 12, 2009
Richard Ripley
Mountain West Bank, of Coeur d'Alene, has announced earnings of $9.07 million for 2008, down 35.6 percent from its profits in 2007.For the fourth quarter, the bank posted earnings of $2.14 million, down $1.3 million from the fourth quarter of as
Read More

Sterling sees '09 return to profitability

Spokane financial company won't provide guidance on expected level of profit
February 12, 2009
Richard Ripley
Sterling Financial Corp. expects to return to profitability this year after posting a steep loss in 2008, but says it won't provide guidance to investors on how much profit it might earn in 2009.Dan Byrne, the company's executive vice president
Read More

Wheatland racks up record loan growth, no loan losses

Bank mulls stock placement in future, saying demand for common shares is high
January 29, 2009
Richard Ripley
Wheatland Bank says it logged record loan growth last year while enjoying asset quality achieved by few banks.The bank, which has its administrative offices in Spokane, says it had no loan losses last year and ended 2008 with just 0.4 percent of
Read More

Avista scores big on conservation

Utility's customers exceed rebate programs' goals in 2008
January 29, 2009
Richard Ripley
Avista Utilities' customers in Washington and Idaho far exceeded the Spokane-based company's goals to save energy through its rebate and other incentive programs last year, and that success is being mirrored across the Pacific Northwest.The says
Read More
—Rendering courtesy of Zeck Butler Architects PS

Bankers hope for improvement

December 18, 2008
Richard Ripley
Spokane-area bankers, whose prospects rise and fall with the regional economy, say they're peering into a clouded crystal ball as they make projections for 2009."It's probably the first time in my career that I would have to say I have no idea
Read More
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