Banking & Finance

Inland Capital grows lending pool to $21 million

200 hard money loans issued last year to buyers of distressed real estate

June 21, 2018

After opening a new private equity fund, Inland Capital Fund A, just under one year ago, Spokane-based private money lender Inland Capital LLC has raised $10.5 million for the fund, says Aaron Cunningham, CEO and co-founder of the company. An additional

Adviser: Most investors will do best with basics

Stocks, bonds, mutual funds provide long-term diversity

June 21, 2018

Rick Biel

Vince Lombardi is recognized as the greatest football coach of all time. In fact, the Super Bowl trophy is named after him. He was hired as the head coach of the Green Bay Packers in 1959. After two years of incredible improvement, his team was poised to

Inflation significance varies with individuals

Trend probably more self-correcting than spiraling

June 21, 2018

Steve Scranton

The topic of inflation has begun to receive more attention from the media, economists, policy makers, and the Federal Reserve. The reason for this heightened interest is that the official measure of inflation is approaching the Federal Reserve's target

Alexa, show me the money

Virtual-assisted banking service launched at Numerica; BECU to roll out similar feature soon

June 21, 2018

LeAnn Bjerken

Amazon's Alexa, a popular virtual assistant that you may already have sitting on a nearby desk or shelf, is soon to be the newest employee, figuratively speaking, at Spokane-area financial institutions. At least two area credit unions-Numerica Cred

HELOCs grow in popularity in the Spokane area

Increases in home values arouse more demand for credit in the INW

June 21, 2018

Virginia Thomas

Some lending and real estate experts here say that Spokane-area homeowners are pursuing home equity lines of credit, or HELOCs, at rates that mirror the flourishing housing market. 'I think definitely over the past 12 months, the HELOC product has beco

BECU plans to open its first home loan center in Spokane Valley

Facility near Mission, Pines will be organization's fourth Spokane-area office

June 21, 2018

LeAnn Bjerken

Boeing Employee Credit Union plans to open a home loan center in a single-story building it's remodeling at 12111 E. Mission, says Bethany Hawley, spokesman for the Tukwilla, Wash-based credit union. Hawley says BECU plans an August opening for the hom

STCU plans new home loan center in Spokane Valley

Remodeling is underway; office to open by year-end

June 7, 2018

Samantha Peone

Spokane Teachers Credit Union plans to open a home loan center in a single-story building it's remodeling at 9207 E. Mission, in Spokane Valley, says Dan Hansen, spokesman for the Liberty Lake-based credit union. Although plans are preliminary, STCU ho

SRM Development secures $20 million in private capital

Spokane developer planning senior projects in California

June 7, 2018

Virginia Thomas

SRM Development LLC, a Spokane-based development company, has secured $20 million in capital through a private placement with investors. The developer, which focuses on senior housing, multifamily housing, and commercial buildings, will use SRM Senior Ho

Northwest Farm Credit posts increase in earnings

Cooperative also reports 2 percent rise in capital

May 10, 2018

Linn Parish

Northwest Farm Credit Services, the Spokane-based agricultural lending cooperative, has reported first-quarter net income of $74.8 million, up from $65.4 million in the year-earlier quarter. The cooperative also posted a 2 percent increase in total capit

First Interstate Bank to acquire INB

Transaction valued at $160.9 million

April 26, 2018

Billings, Mont.-based First Interstate BancSystem Inc., has agreed to acquire Spokane-based Northwest Bancorporation Inc., parent company of Inland Northwest Bank, the companies announced this morning. First Interstate intends to continue operating all