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Thursday, September 19, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: banks


Spokane City Countil to consider registry for abandoned homes

The windows and doors are boarded with plywood, the siding is fading and falling off and the yard is littered with soggy mattresses. No crystal ball is needed to see …


Banks shy away from marijuana business despite federal approval

Most banks and credit unions in Washington aren’t ready to open accounts for the state’s fledgling marijuana industry, despite new federal guidelines that offer some protection from prosecution. The Justice …


Police identify suspect in two bank robberies

Spokane police have identified the suspect in two bank robberies earlier this month.


Then and Now photos: Banks by bridge once ‘Shacktown’

For several decades, a collection of shacks lined the Spokane River downstream from the Monroe Street Bridge, beneath the trains that rattled along the rim of the gorge. The squatters, …


Two deals help raise profile of local bank

AmericanWest Bank completed a blockbuster week that saw the Spokane-based lender finish the purchase of a small California bank and strike a deal to buy an Oregon bank that will …


Sizing up TARP: In Lilac City, a Sterling example

Bailout has become a dirty word. Like most dirty words, it has migrated a long way from any actual meaning and become a verbal cudgel. It might be useful to …


Bank robbed in Spokane’s Indian Trail area

A masked man robbed a bank in northwest Spokane today.


Another bank robbed in Spokane, police say

A robbery has been reported at Sterling Savings bank at 103 E. Queen Ave. in north Spokane.


Shawn Vestal: It’s time to think outside of the bank

Are you stuck in a loveless marriage? Feeling taken advantage of? Taken for granted? Taken for a fool?


Suspected bank robber arrested in Spokane River

A convicted child rapist and suspected bank robber was pulled from the Spokane River today after leading police on a chase into a cemetery.


Caldwell: Prudent Wheatland a star in banking circles

Wheatland Bank earned a profit last quarter, as it has for every quarter since it was founded in Davenport 32 years ago. The holding company, Community Financial Group Inc., raised …


Shawn Vestal: ‘Loan mods’ leave Main Street crumbling

In April 2009, a Kootenai County homeowner struggling to pay the mortgage got a letter encouraging enrollment in a federal program meant to help people avoid foreclosure. The homeowner called …


Bert Caldwell: Costs high, benefits higher in saving Sterling

The successful recapitalization of Sterling Financial Corp. may well be the best economic news of 2010 for Spokane. Thanks in part to that “bailout” we all say we hate.


Sterling Financial paying millions to new chairman

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 …


Sterling turns the corner after cease-and-desist order

A new Sterling Financial Corp. management team did not know what would be expected of them in October 2009. Federal and state regulators had forced the board of directors to …


GOP relents on financial bill

WASHINGTON – Ending three straight days of solid opposition, Senate Republicans agreed Wednesday to start a full-scale debate on the most far-reaching proposals to toughen regulation of financial institutions since …


George Goehl: Pass reform to send banks crucial message

As kids, we brought our rolled-up coins to the bank and opened savings accounts. The bank would pay us interest for letting it reinvest our money. Later, we’d borrow from …


Bank is bright spot in federal bailouts

NEW YORK – Bank bailouts are turning out to be great business for the government. Unfortunately for taxpayers, other federal rescues will almost certainly wind up in the red. The …


Sterling Financial reports big losses for 2009

Writedowns on its loan portfolio resulted in large losses for Sterling Financial Corp. in the fourth quarter and all of 2009.


Stocks fall for 3rd straight day on bank worries

Stocks retreated Friday for the third straight day on fresh concerns about potential new banking and trading regulations.


Obama calls for bank limits

WASHINGTON – Trying to ride a wave of public anger at Wall Street, President Barack Obama on Thursday proposed tough new restrictions designed to limit the size of the nation’s …


Wells Fargo confident, but analysts have doubts

NEW YORK – Wells Fargo says it sees signs of recovery in its loan business. But the big bank may be more of an exception than a leading indicator that …


Obama tells banks: ‘We want our money back’

President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. “We want …


Obama weighing levy on banks

WASHINGTON – President Barack Obama is weighing a levy on financial institutions to help recover shortfalls in a $700 billion bank bailout fund and to help balance a budget that …


Obama calls on banks to lend

WASHINGTON – Even as major banks scramble to repay billions of dollars in taxpayer aid, President Barack Obama took the nation’s top bankers aside Monday and implored them to do …


Fed asserts protective role in banning fees on overdrafts

Flexing newfound muscle as consumer protector, the Federal Reserve on Thursday banned overdraft fees on automated teller machine and debit-card transactions unless consumers have actively opted for an overdraft protection …


Bailout’s bottom line

WASHINGTON – A gaggle of big banks have repaid their loans to the government under the $700 billion financial rescue. Is there a chance taxpayers will eventually recoup the rest …


Banks added 10,000 branches in boom

Banks expanded at a breathtaking pace over the past five years, adding more than 10,000 full-service branches, but barely 1 in 10 were in inner-city, minority neighborhoods, another sign the …


Judge hears arguments on WaMu retirement accounts

SEATTLE — A federal judge heard arguments on what should happen with retirement accounts for tens of thousands of past and present Washington Mutual employees.


Court: States can challenge banks

WASHINGTON – State governments can challenge the practices of national banks in court, the Supreme Court held Monday, in a decision that bolsters the power of states relative to federal …