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Office Hours archive for Aug. 2010

TUESDAY, AUG. 31, 2010

MONDAY, AUG. 30, 2010

New Sterling chairman paid $1.5 million

New Sterling Financial Corp. Chairman Les Biller was paid $1.5 million to accept the position, and will receive a total $4.5 million by Dec. 31, 2012, unless he resigns.Biller's compensation was listed in a Monday filing with the U.S. Securities and Exchange Commission. The filing…

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FRIDAY, AUG. 27, 2010

Numerica assets reach $1 billion

Numerica Credit Union assets have reached $1 billion, Chief Executive Officer Dennis Cutter said Friday.He said the Spokane-based credit union reached the benchmark because of internal growth, and the merger with the School Employees Federal Credit Union of Richland in May.The merger also helped lift…

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THURSDAY, AUG. 26, 2010

Sterling completes recapitalization

Sterling Financial Corp. has completed the $730 million recapitalization plan announced last week.The money from a mixture of institutional and individual investors will bring the parent of Sterling Savings Bank back into compliance with regulatory capital requirements, Chief Executive Officer Greg Seibly said.Sterling reserves had…

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Kendall Yards building Monroe access

Residents of Kendall Yards may have direct access to Monroe Street by the end of the year, weather-permitting, Wayne Frost said today.The vice president of Greenstone Corp.’s commercial division said Ide Ave., which connects with Monroe just north of the Spokane River bridge, will be…

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WEDNESDAY, AUG. 25, 2010

TUESDAY, AUG. 24, 2010

Inside the secret world of Trader Joe's 

You may think we're on vacation here at OfficeHours central, but no. We do work a full shift, even in August.We continue pondering the puzzle that is Trader Joe's, which like Apple, ranks among the most secretive operations on the planet. Many folks in Spokane…

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MONDAY, AUG. 23, 2010

Idaho bars Apply 2 Save owner

Derek Oberholtzer will never again operate a mortgage-modification business, or any other credit-counseling service, in Idaho.Idaho Attorney General Lawrence Wasden Monday announced that the owner of Coeur d'Alene-base Apply 2 Save, which closed last year, has consented to a settlement that will deny him a…

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FRIDAY, AUG. 20, 2010

THURSDAY, AUG. 19, 2010

Jos. A. Bank moves to Talbots site 

This is not exactly big or surprising news. Jos. A. Bank, a menswear retailer, will move from its current 811 W. Main address in downtown Spokane to a new location in River Park Square, opening in November.Jos. A. Bank is taking the spot down the…

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WEDNESDAY, AUG. 18, 2010

Banner Bank's Jones retires

Long-time Spokane banker D. Michael Jones has stepped down as chairman and chief executive officer of Banner Bank and Banner Corp.He will be succeeded at the Walla Walla bank and holding company by Mark Grescovich, who has been president of both entities since July.Jones, 68,…

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Mortgage modifiers barred,

Three men who operated a Post Falls mortgage modification business will return $7,000 to clients, and pay $1,000 in fees and costs, Idaho Attorney General Lawrence Wasden said today.Randy Allen, Clint Paulsen, and Travis Smith did not admit any wrongdoing in a consent agreement that…

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TUESDAY, AUG. 17, 2010

Good news in the July jobless numbers, if you look hard 

Today, the monthly jobless totals came out, and Spokane County’s July unemployment rate remained unchanged at 8.6 percent. Notably, the 8.6 percent is identical to what it was in July 2009.Among other notable findings, reported by Washington Employment Security regional labor economist Doug Tweedy:The county’s…

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Get Motivated event packs the Spokane Arena 

Today's really really big Get Motivated event continues as we write.This photo shows we were there. We heard Krish Dhanam first and then "motivational" salesman Bob Kittell came on stage to pitch his get-rich scheme using stock market analysis. That's Kitell in this photo, shot…

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

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