Banking & Finance

Cd'A-founded Idaho Trust sees steady growth

Two-branch institution's finance services include managing clients' wealth

April 13, 2023

Operating out of its original branch in downtown Coeur d'Alene for nearly three decades, Idaho Trust Bank has seen robust growth with a mix of traditional banking and wealth-management services. Idaho Trust co-founder and CEO Tom Prohaska says

Recent bank stress is far different from 2008 financial crisis

Industrywide performance, however, expected to be lag on economic recovery

April 13, 2023

Shawn Narancich

The wave of rolling crises the world experienced 15 years ago amid what would come to be known as the global financial crisis stands in marked contrast to that being experienced today in U.S. banking. We reflect on the shotgun weddings of JP Morgan

SECURE Act 2.0 focuses on US small business

Legislation encourages such employers to set up worker retirement plans

April 13, 2023

Noah Schwab

With over 90 changes, the SECURE Act 2.0 of 2022 aims to entice small businesses to build upon the original Setting Every Community Up for Retirement Enhancement Act passed in 2019 to help Americans save more for retirement.

Longer life span underscores need for financial reassessment

Target-date model may come up short as couples live longer

April 13, 2023

Michael Maehl

Long-term risk. This refers to the ongoing challenge we always have as investors. It's not what most folks like to hear, but understanding and accepting that there is no way you can control the markets-or your investments-is

Selling business takes cautious consideration

Lawyer raises questions that should be pondered prior to sale, acquisition

April 13, 2023

Asif Lundstrom

So you're thinking about selling your business. First off, congrats. If you're selling your business, then a chapter-or more like a novel-is coming to an end.

Parting Thoughts with Spokane Media Federal Credit Union's Debie Keesee

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April 13, 2023

Karina Elias

After 26 years as the CEO of Spokane Media Federal Credit Union, Debie Keesee will step down from her post, effective Friday, April 14. Keesee launched her career in the credit union industry in 1978 when she was 19 years old. She attended Eastern

Guidance on Washington's Capital Gains Tax

Levy may impact some business sales, highly appreciated stocks here

April 13, 2023

Karina Elias

Spokane financial advisers and accountants say they're somewhat surprised the Washington state Supreme Court upheld the state's new tax on certain capital gains, and they're renewing efforts to examine its effects on high-net worth clients, sales

Spokane-area community banks counter failure fears

Institutions here more balanced than larger ones that recently failed

April 13, 2023

Erica Bullock

Many community and regional bank leaders here are focused on alleviating customer fears that two recent large bank failures could lead to further collapses in the banking industry. Such fallout hasn't materialized at community banks in the Inland North

Kick-Start V venture-capital fund generates $3.8M

Capital will be invested in 15 to 20 companies over next three years

April 13, 2023

Karina Elias

Spokane angel investor Tom Simpson says he has completed fundraising for Kick-Start V, a $3.8 million venture capital fund to invest in local and regional startups.

Noncompete agreements have varying support

Case here demonstrates ongoing complexities of restrictive covenants

March 30, 2023

Karina Elias

At the start of the year, the Federal Trade Commission proposed a rule that would ban employers from imposing noncompete clauses, a practice it claims suppresses wages, hampers innovation, and blocks entrepreneurs from starting new businesses.