The U.S. Treasury will accept a steep markdown of its investment in Sterling Financial Corp. as part of a recapitalization plan, the Spokane company announced today.The markdown was a condition imposed by Thomas H. Lee Partners, which has committed $134.7 million to Sterling's recapitalization.Treasury in…
Seattle-based McKinstry, a major company in the design, build and management of energy efficient facilities, said it's purchased the Enterprise Energy Management Suite of software services from Spokane's Itron Inc.The goal is using the technology to help integrate smart-grid planning into the other services McKinstry…
AmericanWest Bancorporation today reported a net loss for the first quarter of $8.5 million, or 50 cents per share, down significantly from prior quarter and prior year levels.The Spokane parent of AmericanWest Bank lost $17.7 million, or $1.03 per share during the fourth quarter of…
The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.
