Spokane Journal of Business

Local News > Finance

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Secured Investment Corp. to franchise Cogo Capital

Secured Investment Corp., the Coeur d’Alene-based private-money lender, plans to start franchising its young retail subsidiary, Cogo Capital LLC, in an effort to increase its loan volume more quickly. Not quite 1 1/2 years old, Cogo Capital has corp...

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AmericanWest Bank grows loans, eyes more acquisitions

Spokane-based financial institution AmericanWest Bank has experienced an organic loan growth rate of about 10 percent a year for the last two years, which is double the industry standard, claims CEO Scott Kisting. The bank also has extended a total of ...

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URM Stores investigation ending; ripple effects continue

Spokane wholesaler URM Stores Inc. announced recently that it’s nearing the end of its investigation into the cyber-attacks last fall that compromised an unknown number of debit and credit cards, but some aftereffects of that breach still are being felt...

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Inland Northwest lenders undergo repo reduction

Financial institutions have reduced greatly the amount of repossessed real estate on their books following the Great Recession. Scott Southwick, chief credit officer for Spokane-based Inland Northwest Bank, says nonperforming assets, which include reposs...

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RiverBank is back to ‘playing offense’

RiverBank, an eight-year-old bank here that has sought to differentiate itself in the competitive local financial market by offering concierge services to mostly small-business and commercial clients here, says it returned to profitability last year and i...

Inland Northwest public companies show growth in 2013 index

Hart Capital Management Inc., a Spokane-based investment firm, says the stock value of 14 publicly traded Inland Northwest companies rose just over 12 percent last year in an overall index, but still lagged behind the Standard & Poor 500’s nearly 30 per...

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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