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Banking & Finance

Inland Power reports rise in net margins for 2013

Inland enacted 4.5 percent rate hike earlier this month
April 10, 2014
Judith Spitzer
Inland Power & Light Co., the Spokane-based electric cooperative, has posted net margins of $3.8 million for 2013, up from $2.1 million in 2012. Also, as it had indicated previously, the cooperative implemented a 4.5 percent rate increase as of the begi
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Inland Northwest stock index rises slightly in first quarter

Market cap, however, declines during period
April 10, 2014
Judith Spitzer
Hart Capital Management Inc., a Spokane-based investment firm, says the stock value of 14 publicly traded Inland Northwest companies, as measured in an overall index it compiles, rose 0.5 percent percent in the first quarter of 2014, lagging behind the St
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Umpqua's acquisition of Sterling Financial receives regulatory approval

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April 1, 2014
Linn Parish
Umpqua Holdings Corp., of Portland, announced this morning that it has received all regulatory approvals for its proposed acquisition of Spokane-based Sterling Financial Corp., the parent company of Sterling Bank. The regulatory nod follows the previou
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Intent, planning said keys to philanthropy strategies

Donors can 'do well while doing good,' experts say
March 13, 2014
Linn Parish
While the financial-planning sector is chock-full of rules of thumb and industry-accepted guidelines, developing a charitable-giving strategy is one area with too many variables for a legitimate broad-brushed approach to work, experts say. Veteran fina
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Five errors to avoid when managing financial assets

Logic faults occur across investors' demographics
March 13, 2014
Michael Maehl
After more than four decades of helping investors around the country manage their financial assets, there are a few observations I've made over that time that apply across the whole spectrum of investors, without regard to age, income, education, or any
Read More

CFA Society dinner slated for tonight downtown

Investment group brings in industry veterans for keynote
March 13, 2014
Staff Report
The CFA Society of Spokane, an organization of financial analysts, portfolio managers, and other investment professionals, has slated two industry veterans to speak at its 20th annual Economic Forecast Dinner tonight at the Davenport Hotel. A reception
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—Treva Lind

Inland Northwest Lighthouse nearly set to expand

Work wrapping up on addition to nonprofit's North Side plant
March 13, 2014
Treva Lind
Nonprofit Inland Northwest Lighthouse, which operates a manufacturing facility in North Spokane where it employs nearly 50 people, soon will start using a major expansion of its building there that it says will enable it to expand its workforce. Baker
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—Katie Ross

Second Harvest expands facilities to fill big food need

Second Harvest expects Tri-Cities project to boost its capabilities
March 13, 2014
Katie Ross
Second Harvest Food Bank of the Inland Northwest is moving forward with several large projects this year, including a $2.5 million, 26,000-square-foot second-phase expansion of its Pasco, Wash., warehouse facility, says President and CEO Jason Luke Clark.
Read More
—Katie Ross

AmericanWest Bank grows loans, eyes more acquisitions

Bank extended $1 billion in credit in last two years
February 27, 2014
Katie Ross
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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—Linn Parish

Secured Investment Corp. to franchise Cogo Capital

Having tested concept here, company to expand
February 27, 2014
Linn Parish
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
Read More
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