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Banking & Finance

—Mike McLean

An Affinity for home loans: HomeStreet's employer-aided mortgage program

Fee-free service includes fiscal counseling
April 23, 2015
Mike McLean
HomeStreet Inc., the Seattle-based residential lender with three Spokane-area offices, says it has seen strong growth in its employer-assisted mortgage lending program since the bank entered the Spokane market three years ago.
Read More

RiverBank posts loss of $1.6M for 2014

Nine-year-old institution rocked by write-downs
April 9, 2015
Kim Crompton
RiverBank, the nine-year-old boutique institution here, has reported a net loss of $1.6 million for 2014, a step backward after recording net income of $111,000 the previous year to rebound from losses of $3.9 million in 2012, $686,000 in 2011, and $2.8 m
Read More

Seattle bank opens its first branch in Spokane

Washington Federal also plans $3.5 million building
April 9, 2015
Mike McLean
Washington Federal Inc. has opened its first Spokane bank branch in temporary facilities on north Division Street, and the Seattle-based bank is constructing a $3.5 million permanent bank building for the North Side branch and the bank's Eastern Washin
Read More

Community development unit invests $3.2 billion

BofA lending in '14 led to 13,000 new housing units
March 12, 2015
Staff Report
Charlotte, N.C.-based Bank of America Merrill Lynch Community Development Banking says it provided more than $3.2 billion in loans, tax credit equity investments, and other real estate development financial tools to more than 550 clients last year.
Read More
—Kim Crompton

Boosting IRA gains by diversifying into real estate

Financial planner says it offers attractive benefits
March 12, 2015
Kim Crompton
Using a Roth individual retirement account to invest in real estate is a little-known strategy that can provide interesting diversification and attractive benefits for certain investors looking to try something different, says David L. Baker, a longtime f
Read More

Investor optimism surged early this year, poll shows

Most respondents realized savings from fuel cost drop
March 12, 2015
Staff Report
The Wells Fargo/Gallup Investor and Retirement Optimism Index suggests that consumer optimism is rising steadily, as the index reached plus-69 in February, the highest level recorded since 2007.
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—Judith Spitzer

INWCF keeps momentum with asset, fund growth

2006 strategic plan placed organization on its path
March 12, 2015
Judith Spitzer
Inland Northwest Community Foundation, the Spokane-based nonprofit that manages assets for charitable organizations and donors, has seen extraordinary growth during the past few years, says Mark Hurtubise, the organization's president and CEO. He attrib
Read More

The expensive misconception about bond safety

Rising interest rates could lead to a decline in values
March 12, 2015
Michael Maehl
For more than a generation, when considering what to do with their investments, one of the primary beliefs of investors has been that bonds are safe, that the risk of losing your investment in owning them-whether individually or within fund portfolios o
Read More

Palouse Capital Management adds to its “Top Guns” list of honors

Firms Capital strategy cited for '14 performance
March 12, 2015
Staff Report
Palouse Capital Management Inc., of Spokane, says its Large Cap Value Strategy has earned recognition as a top performer in the PSN Top Guns list for the full 2014 calendar year, after having garnered similar kudos for its performance in the third quarter
Read More
—Katie Ross

Focusing on growth at the CFA Society

Financial analyst group preps for big dinner, other functions
March 12, 2015
Katie Ross
The Chartered Financial Analyst Society Spokane, an organization of financial analysts, portfolio managers, and other investment professionals, has grown from about 40 members to 70 members since 2005, mainly from starting a subchapter in Montana, holding
Read More
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