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Home » Authors » Richard Ripley

Articles by Richard Ripley

Global CU expands to Tri-Cities

Spokane institution also explores opportunities ‘throughout Washington’
February 26, 1997
Richard Ripley
Global Credit Union, of Spokane, has opened its first branch in the Tri-Cities and plans to open its second branch there in October.Global opened a branch office in Pasco on June 18, inside a new Yokes Washington Foods Inc. supermarket, says
Read More

Rockwood, Cancer Care put expansions on shelf

Medicare prescription bills chop cancer-drug markups, make atmosphere uncertain
February 26, 1997
Richard Ripley
Two of Spokanes largest medical clinics, the Rockwood Clinic and Cancer Care Northwest, have put on hold a pair of separate expansion projects here because of uncertainty about Medicare reimbursements for chemotherapy drugs.That uncertainty a
Read More

Wells Fargo exec eyes expansion

Bank wants new branches on North Division, Sullivan, is adding employees here
February 26, 1997
Richard Ripley
Wells Fargo Banks new top executive here says hes working to expand the San Francisco-based banks Spokane-area branch system and has been adding personnel here.Don Young, Wells Fargos new Spokane-based community bank president, says he
Read More

Reimbursement inequity said hitting Spokane hard

INHS CEO decries lower payments than East Coast, sees savings in other areas
February 26, 1997
Richard Ripley
Health-care providers here, struggling to cope with relentless cost increases, receive far lower Medicare reimbursements for the same procedures and services than their counterparts in other areas of the U.S., says Tom Fritz, CEO of Inland Health a
Read More

Avista Advantage cuts annual loss dramatically

Handler of othersÂ’ billings for utilities, telecom said near break-even status
February 26, 1997
Richard Ripley
Avista Advantage, the Avista Corp. subsidiary that manages utility bills for businesses with multiple sites, slashed its losses by 60 percent last year and now expects it might break even by the middle of this year.The operation, which has its
Read More

Western Rail plans to move

Company to sell locomotives, dismantle them for partsat Airway Heights property
February 26, 1997
Richard Ripley
Western Rail Inc., of Spokane, has bought 23 acres of land in Airway Heights on the north side of McFarlane Road just west of Hayford Road and will move its locomotive sales, leasing, and parts business there.The 19-year-old company, which has
Read More

Spokane, CdÂ’A banks report record profits

Steady low interest rates helped institutions keep net interest income high
February 26, 1997
Richard Ripley
Almost every Spokane- and Coeur dAlene-based bank has reported record profits for 2002, the second year in a row in which banks in this area have produced glittering returns.The banks say they were helped by prevailing low interest rates rate
Read More

Lenders here shift efforts based on Fed rate cuts

Businesses, like homeowners, seek to refinance; banks write down servicing values
February 26, 1997
Richard Ripley
The rumbling effects of the Federal Reserves interest-rate reductions are changing the landscape for Spokane-area lenders.As the Feds rate cuts in 2000 and 2001 have pushed housing starts to record levels, theyve fueled demand for and you
Read More

Sterling enters Seattle corporate-banking fray

Spokane institution opens office in well-known spot near center of downtown
February 26, 1997
Richard Ripley
Sterling Savings Bank, of Spokane, has opened a corporate-banking office in downtown Seattle, employs three staff members there now, and expects to employ eight by the end of the year as it strives to plumb the market in the center of Washingtons
Read More

Race to be regional bank is on

Sterling, Washington Trust among players that strive to be much bigger someday
February 26, 1997
Richard Ripley
Before larger institutions vacuumed up Seafirst Bank and Rainier National Bank in the frenzied industry consolidation several years ago, the two banks commanded two-thirds of the lucrative mid- to upper-market commercial-banking business in and as
Read More
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