The American Bankers Association has added three banks to the ABA NASDAQ Community Bank Index (ABAQ), effective June 1. The new additions are HomeStreet Inc. (HMST), of Seattle; Wellesley Bancorp Inc. (WEBK), of Wellesley, Mass.; and Bank of the
Expense ratio dropped because of competition in industry, more factors
June 7, 2012
Investors paid on average lower expense ratios in 2011 than in 2010 for long-term mutual funds, including equity, bond, and hybrid funds, says an annual report on fund fees and expenses that Investment Company Institute released in late April. is a
The Spokane division of Waddell & Reed Financial Advisors has grown while the financial services industry as a whole has been shrinking, says Jason Renskers, managing principal here.Waddell & Reed, a subsidiary of Overland Park, Kan.-based & and
Overall earnings increase for 11th straight quarter, but loan balances decline
June 7, 2012
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. reported an aggregate profit of $35.3 billion in the first quarter of 2012, a $6.6 billion improvement from the $28.8 billion in net income the industry in the
To develop the next generation of branch managers, the Spokane region of U.S. Bank is going to try something it hasn't done in a generation or so: recruiting them and training them extensively in-house. The bank is launching the new initiative,
Transactions projected to increase 42 percent annually through '16
June 7, 2012
Worldwide mobile payment transaction values will surpass $171.5 billion in 2012, a 62 percent increase from 2011 values of $105.9 billion, says Stamford, Conn.-based information-technology research and advisory company Gartner Inc.The number of
Martin Harski, who has offered cost-segregation services here for more than three decades, is expanding dramatically the geographical area he serves.The former owner of Spokane-based Cost Segregation Company Inc. has joined a newly formed cost &
Hubbell Financial Group Inc., the Spokane-based, regional office for Northwestern Mutual Financial Network, has started efforts to recruit 25 new financial representatives and 30 interns to meet a growing demand for its products and services in the
With an intensity akin to flattening my nose against a crystal ball in an attempt to peer inside it, I've been watching for indicators of how long it will take our Inland Northwest economy to return to what we collectively might call all crave I
Couple buys pizza restaurant in ValleyMark and Rosemary Puyear have bought the assets of Buck's Pizza, in Spokane Valley, from Lance and Shelly Jordan, and have changed its name to Coach's Pizza. Located in a 1,400-square-foot leased space