Spokane Journal of Business

Up Close

Owner plans to spruce up Holiday Inn near airport

BHG Hotels LLC, the Wilsonville, Ore.-based company that owns the Holiday Inn Spokane Airport, at 1616 S. Windsor, plans to renovate the 80,000-square-foot hotel’s two meeting spaces, 122 guest rooms, main lobby area, and its in-house restaurant, Peppe...

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New Valley events center operator looks to revive U-City space

Glover Mansion Events LLC, of Spokane, owned by Bob Adolfson and his wife, Kimberly Coy, has opened a new event center in Spokane Valley, and Adolfson says it has gotten off to an encouraging start. The Spokane Valley Event Center is located at 10514 E. ...

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SBA lenders predict volume rebound in 2014

Some lending institutions that are among the leaders here in originating U.S. Small Business Administration-backed loans are anticipating renewed interest from borrowers this year, following a dip in total loan volume in the SBA’s Spokane district in 20...

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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. ...

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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...

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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 ...

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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...

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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...

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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...

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