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Just as thousands of employees have swamped the system seeking unemployment relief, business owners have inundated the government system in place to administer the $350 billion set aside to help companies shut down as a result of the stay-at home order to combat the coronavirus pandemic.
Along with consumers’ mad dash to buy all the toilet paper stores can stock, some Spokane residents have either called their banks or chosen to withdraw cash as the stock market fluctuates and restaurants close.
Washington Trust Bancorp Inc., parent company of the Washington Trust Co., reported a slight decrease in net income for the second quarter.
Peter Stanton, who is the fourth generation in the family to lead the Spokane-based bank, attributes its success to financial conservatism and emphasis on customer service.
The Spokesman-Review editorial page came to the defense of “yeomanettes” – women hired by the navy for clerical work during the war.
The sale isn’t expected to be final until April, and the sale price was not disclosed. The 192,000-square-foot building, which is assessed at $21 million, is owned by Inland Northwest Health Services.
After a dog was electrocuted on a sidewalk in downtown Spokane earlier this month, Spokane City Council members are in early talks of creating new laws that would make old sidewalk heating systems safer.
Washington Trust Bank at the corner of Wall Street and First Avenue has shut off all outdoor power after a man reported his dog was electrocuted Tuesday. The incident bears a resemblance to other pet injuries and deaths nationwide due to “stray voltage,” which can be caused by underground sidewalk heaters and the resulting pools of melting snow and ice.
A $6.5 million, 51,400-square-foot, three-story hotel will be built near the Spokane International Airport, according to Spokane County permit data.
Washington Trust Bank is planning an extensive interior remodel at its operations center on Post Street in downtown Spokane.
A historic building had some not-so-historic storefronts ripped from its facade this week, preparation for two leasable spaces expected to open as early as this winter.
Washington Trust Bank has been issued permits for $1 million of work replacing the heating and cooling system on its operations center on the northwest corner of Second Avenue and Post Street.
Washington Trust Bank will build a new Manito branch along Grand Boulevard on land scheduled this spring to be cleared of older structures. A restaurant also is planned on the South Hill property.
Jack Heath runs Washington Trust Bank, the 4th largest privately held bank in the country. He shares the terror of robbery, interest rates how to make a bank a great place to work.
Former members of a luxury golf club on Lake Coeur d’Alene have lost a class-action lawsuit seeking millions of dollars in membership refunds after the club was surrendered to a Spokane-based bank in 2010. The plaintiffs sued Washington Trust Bank and subsidiary West Sprague Avenue Holdings LLC, arguing that they were entitled to almost $29 million in club initiation fees paid to The Club at Black Rock LLC. They also sought $15 million in interest and other damages.
David C. Burns reportedly led police on a chase after committing a bank robbery Wednesday afternoon, riding his bike through alleys and across yards until he slammed into the side of a police cruiser.
Banks and credit unions across the region are making the switch from magnetic swipe cards to the cards of the future – the safer kind with a microchip built in. The past year’s string of high-profile data breaches and cyberfraud incidents has pushed financial institutions in the United States to start adopting chip-based cards that already are widely used across much of the world.
Washington Trust Bank has purchased the empty Ridpath Annex with plans to convert the building into office space to absorb the bank’s downtown growth. The bank’s purchase brings an end to the once-ambitious plans of four development partners who bought the building eight years ago for conversion to condominiums.