Spokane Journal of Business

Local News > Finance

Last Metropolitan Mortgage payments could come this year

Investors who lost tens of millions of dollars when Spokane-based Metropolitan Mortgage & Securities Co. and affiliate Summit Securities Inc. shut down about 14 years ago could receive a final distribution late this year from trusts set up to recoup some ...

Cogo Capital to re-enter Spokane with new office

Coeur d’Alene-based real estate investment lending company Cogo Capital LLC says it plans to re-enter the Spokane market and open an office on downtown’s periphery in February. Cogo Capital CEO Lee Arnold says the company purchased a building at 217 ...

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Inland Northwest economy to build upon gains of 2017

Employers in Spokane County are projected to add jobs in 2018 at about the same pace they did this year. Meantime, business leaders in some sectors expect to build on this year’s momentum, while others are planning for activity to level off or slow. ...

Finance industry executives are bullish despite rate hikes

Bank, credit union, and investment market executives here remain mostly bullish about the coming year, despite possibly growth-dampening effects of anticipated Federal Reserve rate hikes and potential impacts of tax reform. Earlier this month, the Fede...

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Retirement savings catch-up said possible, not ideal

Children. Divorce. Medical expenses. Unemployment. Grandchildren. There’s a long list of reasons American’s in their later working years cite as to why they aren’t more aggressively saving—if even saving at all— for retirement. And it’s on...

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Idaho Trust Bank builds on strength

Now in its 23rd year of operations, Idaho Trust Bank, which bills itself as one of few banks in the Gem State to offer both commercial banking and wealth management services, says it looks to continue to grow, while maintaining its focus on client success...

Rider provides hedge for disability insurance

Disability insurance with a return-of-premium rider is a type of insurance made to protect your income if you get sick or hurt and can’t work, but where you can get a 100 percent refund of all your premiums paid, typically at age 67, if you don’t have...

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Northwestern Mutual to move to Spokane Valley

Northwestern Mutual of the Inland Northwest plans to move, expand, and consolidate its Spokane-area operations into a new site in Spokane Valley in mid-2018, leaving its longtime location on Spokane’s South Hill. The company has agreed to take the 20,0...

Tax bills rise for Spokane County’s top taxpayers

Tax bills levied on the top 50 property owners in Spokane County for 2017 totaled $52 million, up nearly 2 percent from last year, county records show. The rate of increase was lower than last year’s 3 percent hike and the 6.4 percent jump in 2015. Ov...

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