Spokane Journal of Business

Local News > Finance

Umpqua’s Sterling acquisition is part of larger trend

As Portland, Ore.-based Umpqua Holding Corp. and Spokane-based Sterling Financial Corp. await regulatory approval of the proposed merger of their respective banks, it’s a good time to pause and consider how the financial landscape is shifting in both th...

Four Spokane-area credit unions rank high on Puget Sound Business Journal’s list

Four Spokane-area credit unions are among the 20 largest in Washington state in terms of total assets, according to a top 25 credit unions list that the Puget Sound Business Journal published earlier this month. Two of the organizations here, Spokane Te...

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Marijuana businesses pose risk to banks—for now

Financial institutions in Washington state are anticipating federal guidance on how best to navigate the precarious issue of state law versus federal law in regard to allowing marijuana businesses access to traditional banking services. That question h...

Take steps now to maximize Social Security benefits

As the second largest city in the state with a population of more than 200,000, Spokane has a lot to offer. Last year, Huffington Post ranked Spokane as one of the top 10 cities to retire given the city’s weather, affordable housing, and local culture a...

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Niche lender in Spokane Valley reports that commercial lending activity is picking up

Millwood-based Commercial Lending Northwest Inc., a tiny 15-year-old company that provides commercial financing services to businesses, including for bridge and conventional loans, says it expects to see lending growth this year, especially in the packagi...

Moss Adams launches online tax-credit exchange

Moss Adams LLP, the big Seattle-based accounting and business consulting firm that also operates the largest accounting firm operation here, has launched the Moss Adams Tax Credit Exchange, an online marketplace for buying and selling tax credits. The e...

Sterling Financial reports earnings increase

Sterling Financial Corp., the Spokane-based holding company for Sterling Bank, reported this afternoon fourth-quarter net income of $22.2 million, or 35 cents a diluted share, up from $20.9 million, or 33 cents a share, in the year-earlier period. For...

INB parent posts ‘most profitable quarter’

Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, reported today fourth-quarter net income of $406,000, or 12 cents a share, up from $182,000, or 6 cents a share, in the year-earlier period. This marked the company’s ...

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

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 ...

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Foreclosures climbed in Spokane County last year

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...

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