Spokane Journal of Business

Local News > Finance


Demand for HELOCs strong in Spokane despite rising rates

Despite rising interest rates, applications for home equity loans, such as home equity lines of credit, have remained consistent and even increased some throughout the past year, some Spokane-area lending experts say. David Flood, chief lending officer a...


Chimney Rock Mortgage strives to keep lending local

Despite potential challenges posed by recent upticks in interest rates, Mike Hogan, loan officer and branch manager for Spokane-based Chimney Rock Mortgage LLC, says he believes there are still opportunities for growth in Spokane’s home lending markets....


Mind to Market: Filling a startup funding gap in Spokane

A handful of Spokane-area investors, including a mix of organizations and individuals, has developed Mind to Market LLC to invest in early-stage startups—and to fill a gap in the region’s entrepreneurial ecosystem. Steve Trabun, Avista Corp.’s reg...


Randall & Hurley acquires Montana firm

Spokane-based retirement administration services company Randall & Hurley Inc. has purchased another retirement plan administrator, Helena, Mont.-based Employee Benefit Resources, says Lynn Hurley, president of Randall & Hurley. With the acquisition, fin...


How angel investors earn their wings

In recent years, Spokane has seen a handful of local startup companies grow into successful ventures resulting in benefits for both their founding entrepreneurs as well as early investors. Those who follow news of startup successes may have wondered wh...

Global Credit Union shuts its two offices in Tri-Cities

Spokane-based Global Credit Union has closed two Tri-Cities branches and a home loan center there. The credit union shuttered in-store branches at the Pasco and Kennewick Yoke’s Fresh Market supermarkets on Jan. 31. Global Credit Union’s 1,600 T...


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...


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...


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...


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...

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