Spokane Journal of Business

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Lenders play by new ability-to-repay rules

Spokane-area banks and credit unions are adjusting to new federal residential mortgage lending standards that require federally insured lenders to take additional steps when collecting a borrower’s financial information and calculating ability to repay ...

Banner’s net declines for quarter, all of 2013

Banner Corp., the Walla Walla, Wash.-based parent of Banner Bank and Islanders Bank, has reported fourth-quarter net income of $11.6 million, or 60 cents a diluted share, a decrease from $13.3 million, or 69 cents a share, in the year-earlier quarter. ...


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...


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 ...


Bennett House touts respite for senior caregivers

Coeur d’Alene businessmen Rick Bennett and George Cunningham have opened an adult day care facility, called Bennett House, to provide caretakers some respite from tending to elderly loved ones. Bennett and Cunningham formed a partnership to open Ben...


Vivint moves services beyond home security

Wireless-based home security systems are rapidly adding conveniences to control household settings, but they’re also providing more protection, says Eric Patrick, who oversees a Liberty Lake call center of Vivint Inc., a security and home-automation sys...


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...


Low-impact development said to be in higher demand

Landscape architect Len Zickler, a principal in the Spokane office of Tacoma-based AHBL Inc., says the company is seeing more requests to design environmentally friendly infrastructure to manage stormwater drainage. He expects this approach, called low-...


Kiemle & Hagood subsidiary promotes greener building management practices

Kiemle & Hagood Co. says it and a facility-services subsidiary it operates have been using greener building management and maintenance practices they implemented fully three years ago to help building owners and tenants achieve sizable energy savings. Th...

State agency OKs utilities’ targets for conservation

Washington state Utilities and Transportation Commission regulators have approved two-year energy conservation targets for the three investor-owned utilities that provide service in Washington state. When realized, the agency says, those conservation ef...

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