Spokane Journal of Business

Local News > Finance

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Spokane financial adviser offers alternative use of 401(k)

A Spokane financial adviser has started promoting a retirement investment alternative for people who want more control over their employer-sponsored 401(k) funds while still employed. Many people don’t know much about their 401(k) accounts because empl...

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In most cases, new tax law is good for business

The recently passed, voluminous Tax Cuts and Jobs Act contains several big changes, many of which are expected to benefit businesses, Spokane tax advisers say. Anson Avery, accountant and owner of Anson Avery CPA PLLC, says he’s already put in over 6...

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Coming off banner year, State Bank projects growth

Greg Deckard, president and CEO of 115-year-old State Bank Northwest, says the financial institution is poised for another strong year as it anticipates adding to its more than $140 million in assets. Last year, the bank experienced a nearly 16 percent...

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Inland Northwest composite declines

The composite value of the nine Inland Northwest-based publicly traded companies dropped to $11.5 billion in the recently completed fourth quarter of 2017, a decrease of $700 million, or 5.7 percent, from the previous quarter, according to a quarterly rep...

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...

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