Spokane Journal of Business

Special Report

Banks, holding companies increase annuity-fee income

Income earned from the sale of annuities at bank holding companies rose 28 percent to $748.2 million in the 2011 first quarter, up from $582.6 million in the year-earlier quarter, says a recently released bank annuity fee income report. That's...

Cutter saw credit unions grow, expects them to get bigger

Cutter saw credit unions grow, expects them to get bigger

Numerica Credit Union's retiring executive Dennis Cutter has watched the industry do a lot of growing up during the past 40 years. Now, he expects some credit unions to continue getting bigger through mergers.Cutter predicts that merger activity...

Wells Fargo aims to gain market share

Wells Fargo aims to gain market share

The Wells Fargo Bank district that includes the Spokane-Coeur d'Alene area has performed well throughout the economic downturn due to conservative lending policies, and the bank is positioned for further growth as the economy improves, regional say...

Property   PRESSURE

Property PRESSURE

Financial institutions here are resorting to a variety of tactics to unload real estate they've acquired due to a continuing swell of foreclosures and defaulted loans. Such strategies include renegotiating loans, listing bank-owned properties on...

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