Spokane Journal of Business

Local News > Finance

Connecting high tech and high touch in banking

In the face of the rising dependence on smartphones, more banks are developing apps that work to build relationships with customers and offer on-the-go financial advice. ...

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Proposed bills could protect cannabusiness bankers

Washington financial institutions and regulators say they’re watching closely several pieces ...

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Mountain America Credit Union enters North Idaho market

Mountain America Credit Union has taken its first step to expand into the Inland Northwest. The San...

For late retirement savers, best time to start is now

Not long ago, I was driving with my son. As I flipped through the radio stations, he noticed that I ...

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Spokane-area foreclosures decline further

Recent data released by Irvine, California-based real estate research company Attom Data Solutions ...

A first look at Canopy Credit Union’s new look

This rendering from HDG Architecture provides a first look at Spokane Federal Credit Union’s rebrand to Canopy Credit Union, which will take effect July 22. The credit union is constructing a new branch at 13015 E. Sprague, in Spokane Valley....

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Trust in Downtown: Washington Trust’s vision for its headquarters

While Washington Trust Bank has yet to release its first quarter financial results, the bank has made some big investments recently that will support its growth in 2019, says longtime President and Chief Operating Officer Jack Heath. ...

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PayTrace puts its focus on business merchants

PayTrace Inc., a company specializing in payment processing software for businesses, processed 52 million transactions involving a total amount of over $31 billion in 2018. “What our software does is help reduce those higher processing rates ...

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Student loan debt is substantial in Spokane, Coeur d’Alene

Roughly 40% of student loan borrowers are expected to default on their loans by 2023, according to an analysis by The Brookings Institution, a Washington, D.C.-based nonprofit public policy organization. In Spokane County, 18% of the population has...

Power of compounding shouldn’t be overlooked (finance)

The purchase of Manhattan Island by Peter Minuit for $24 in 1626 is commonly used as an example of a one-sided trade in favor of the Dutch. However, applying the power of compound interest to this sale suggests that it could have also worked out well for...

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