Banking & Finance

Pawnbrokers see no letup in demand despite improved economy

Managers report default rate at 15 percent

July 16, 2015

Double Eagle Pawn district manager Brian Wegner believes he's in an industry that is in demand regardless of the economic times around him. Larry Carlson, the owner of Axel's Pawnshop, agrees. 'People always need to borrow money, both in good tim

INB parent to acquire Bank of Fairfield

Transaction valued at about $20.75 million

June 24, 2015

Staff Report

Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, has agreed to acquire Fairfield Financial Holdings Corp., which owns Bank of Fairfield, in a transaction valued at about $20.75 million. Based in Fairfield, Wash., a smal

Consultant here focuses on SBA lending niche

After diverse career, Roth helps women-led startups

June 18, 2015

Linn Parish

Laurie Roth has a wide range of business experience, but most of her career has centered on a narrow field of finance: U.S. Small Business Administration lending.

Eventual rate hike doesn't doom investments

Action won't necessarily lead to market correction

June 18, 2015

Michael Maehl

For almost a year now, the financial media has been talking about all the real and imagined 'what-ifsâ€ that can occur when the Federal Reserve Open Market Committee actually begins to move interest rates higher after over 30 years of the (mostly) oppo

Bankcda attains record assets as outlook improves

CEO predicts sustained resurgence to profitability

June 18, 2015

Mike McLean

Bankcda, one of the smallest and youngest Inland Northwest-based community banks, expects to crest $100 million in assets this year, says Wes Veach, bankcda president and CEO.

ICM Asset Management to go back on offensive

Pete Chase to head operations at Spokane investment company

June 18, 2015

Jim Simmons, the CEO for ICM Asset Management Inc., hopes naming Pete Chase as a partner at the 34-year-old financial asset company will help recapture investors it lost before the Great Recession.

Tom Johnson: Learning the STCU way

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June 4, 2015

Judith Spitzer

Spokane Teachers Credit Union, based in Liberty Lake, ranked third among the largest credit unions in the state by the Puget Sound Business Journal, now has about $2 billion in assets, and it reported 2014 net income of about $19 million. Its president an

Inland Northwest Bank names new CEO

Fewel to retire next year

May 27, 2015

Staff Report

Inland Northwest Bank said this afternoon it has hired Russell A. Lee as its new president and CEO. Lee, who previously had been president and chief operating officer at Burlington, Wash.-based Skagit Bank, will start with INB on June 29. Lee will repl

A telling trip into the heart of oil fracking country

Closer look suggests more boom than bust in future

May 21, 2015

Michael Maehl

I recently took the opportunity to visit and spend time in and around Williston, N.D., to see the future being made. While my original intent was simply to visit, what I saw going on there and the impressions it made upon me have led me to write this piec

Schade Towers owner refinances $4.8 million loan

Terms dubbed as 'superior' to building's old mortgage

April 23, 2015

Mike McLean

Newmark Realty Capital Inc. has arranged a commercial mortgage refinance totaling $4.8 million for the Schade Towers building at 528 E. Spokane Falls Blvd., says Demetri Koston, vice president at Newmark's Spokane office. Koston says he and Skip Slavin