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Banking & Finance

Northwest Farm Credit Services reports rise in earnings, total capital

Favorable market lifted its performance, co-op says
May 8, 2014
Katie Ross
Spokane-based agricultural cooperative Northwest Farm Credit Services says it had first-quarter earnings of $54.2 million, up 13 percent from $48 million in the first quarter of 2013, and its total capital increased 2.3 percent, to $1.8 billion as of Marc
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Horizon Credit Union to merge with Montana institution

Combined entities to have $700 million in total assets
May 8, 2014
Katie Ross
The boards of Spokane Valley-based Horizon Credit Union and Butte, Mont.-based EDTECH Federal Credit Union have voted unanimously to merge. Jeff Adams, CEO of Horizon, says that the votes came through last month, and the merger documents will be filed l
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Umpqua Bank reports drop in net income

Bank cites one-time costs for its Sterling acquisition
May 8, 2014
Mike McLean
Portland-based Umpqua Holdings Corp., the parent company of Umpqua Bank, reported net income of $18.8 million, or 17 cents a diluted share, for the first quarter ended March 31, down from $23.4 million, or 21 cents a diluted share, in the year-earlier qua
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—Judith Spitzer

Playing catch-up: retirement planning dilemmas for women

Longer life expectancy, less pay contribute to female retirement anxiety
April 24, 2014
Judith Spitzer
Kathleen Cavender, 61, a part-time jazz singer and full-time artist in Spokane, had been married to her husband Mike for nearly 30 years when he was diagnosed with idiopathic pulmonary fibrosis, an autoimmune disease that turns the lungs to scar tissue.
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—Katie Ross

STCU enhances its mortgage rate-lock policy

Homebuyers can secure rate before picking house
April 24, 2014
Katie Ross
Spokane Teachers Credit Union, the Spokane area's largest credit union, has modified its home mortgage interest rate lock policy for conventional loans to make it more borrower-friendly, says Jeff Mularksi, STCU's real estate manager for origination a
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Ignore all of the uproar over high-frequency trading

Individual investors benefit from tech-boosted system
April 24, 2014
Michael Maehl
By the time this piece is published, it shall have been about a month since Michael Lewis went on 60 Minutes to flog his latest Wall Street-oriented book. This one is called 'Flash Boys.” The boys, in this case, are those who oversee and administer th
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Inland Northwest Bank parent posts ninth straight profitable quarter

Bank's net loans increased $41.3 million year over year
April 24, 2014
Katie Ross
Northwest Bancorporation Inc., the Spokane-based parent company of Inland Northwest Bank, has reported first-quarter net income of $588,000, up from $436,000 in the year-earlier period. The company reported earnings per diluted share of 14 cents for th
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Seattle-based brokerage set to join global conglomerate

Spokane branch office could gain from merger
April 24, 2014
Staff Report
McAdams Wright Ragen Inc., a prominent Seattle-based financial services company that opened a branch office in Spokane two years ago, says it has signed a definitive agreement to merge with Baird, an international employee-owned conglomerate with more tha
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—Spokane Firefighters Credit Union

Firefighters Credit Union's growth smolders

Firefighters CU focuses on consumer loans for its 2,000-some members
April 24, 2014
Judith Spitzer
Founded in 1934, the Spokane Firefighters Credit Union is celebrating 80 years in business this year, serving more than 2,000 area firefighters and their families, says Todd Powell, CEO for the past 10 years and a full-time firefighter with the city of Sp
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SNAP Financial Access opens Women's Business Center

Program will offer planning assistance, training classes
April 24, 2014
Katie Ross
SNAP Financial Access has launched a Women's Business Center here that's intended to be a resource for female business owners or women who want to start a business, says Laurie Roth, manager of the center. The center opened earlier this month in the
Read More
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