Spokane Journal of Business

Local News > Finance

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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...

Vista Title acquires Prime Real Estate Closing

Spokane-based Vista Title & Escrow LLC has agreed to acquire the assets of Spokane-based Prime Real Estate Closing & Escrow LLC, says Vista CEO Anthony Carollo....

Washington Trust buys Wells Fargo Center

Spokane-based Washington Trust Bank has agreed to buy the 17-story Wells Fargo Center, at 601 W. First in downtown Spokane, from Inland Northwest Health Services. The terms of the transaction, which is expected to be completed April 19, weren't disclos...

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Tax change impact on Spokane nonprofits still unclear

A panic spread through nonprofits in the Inland Northwest and elsewhere last year after federal tax changes were enacted. The concern: charitable giving would decrease and hamper the organizations’ budgets. ...

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Tax season presents steeper learning curve

This tax season, the first since the Tax Cuts and Jobs Act went into effect, is raising the learning curve for both taxpayers and tax preparers, Spokane accountants say. ...

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Icons Dave Clack: An accidental but beneficial career in banking

Looking back on the high points from a career spanning more than four decades that has earned him broad praise in business and civic leadership circles here, Spokane’s David A. Clack seems uneasy dwelling on personal achievements. ...

Banner Bank plans new retail plaza in Spokane Valley

Walla Walla, Wash.-based Banner Bank plans to demolish four structures and build a new branch this year on 4.3 acres of land it owns at the northeast corner of Argonne Road and Sprague Avenue, in Spokane Valley. ...

Horizon Credit Union to construct new branch

Spokane Valley-based Horizon Credit Union plans to construct a stand-alone branch in at 613 S. Washington, on the lower South Hill, with a smaller, but more efficient space than at its current branch in a 25,000-square-foot multitenant building...

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