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Banking & Investments

Follow these rules when lending money to family, friends

February 14, 2017
Guest Contributor
By Beau RuffTimes can get financially rough. People go through difficult periods in life and might be strapped for cash and need an additional sources of money. Perhaps the cash is needed to buy a new house or to pay for a small business or an attorney’s retainer for a...
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Increasing B&O taxes on this year’s legislative agenda

February 14, 2017
John Stang
No one in Olympia appears to like the business-and-occupation tax — the state tax on gross receipts.But other than adding exemptions, Washington’s Legislature has been reluctant to do anything about B&O taxes. Each session, changes get proposed. Each session, those proposals die.“A silver bullet is not there because it is...
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Wells Fargo adds full-service wealth management office in Kennewick

July 15, 2016
TCAJOB Staff
A new Wells Fargo office has opened in the Tri-Cities. Wells Fargo & Company, the parent company of Wells Fargo Advisors, opened a new office in Kennewick this spring.Wells Fargo Advisors is a subsidiary of the well-known bank with the same name.A full-service investment firm, Wells Fargo Advisors covers all...
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Financing via means other than traditional may be subject to securities laws

July 15, 2016
Guest Contributor
By Beau Ruff for TCAJoBFinding a source of capital for a new or existing business is often a challenge. Beau Ruff,Cornerstone Wealth StrategiesConsider the following scenario: Diana has a great idea for a new business and she has the experience and know-how to make it work. But, she needs capital...
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First 18 mos. in Pasco yields 36 percent loan growth

July 15, 2016
Jessica Hoefer
To call Wheatland Bank’s expansion into the Tri-Cities a success would be an understatement.“We budgeted for loan growth, but we didn’t anticipate this much loan growth,” said Sue Horton, president and CEO of Wheatland Bank and Chair of the Board.[blockquote quote="People still want relationships, especially when times are tough." source="Sue...
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Banner Bank completes merger with AmericanWest Bank, sees consistent growth

July 15, 2016
Elsie Puig
After the recession of 2008, increased regulatory demands significantly shifted the way the banks deliver services to their customers — but for Banner Bank, those shifts only served to strengthen relationships with customers. Last year, the bank celebrated 125 years of growth.[blockquote quote="We’re not a provider of products and services,...
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Preparing now for future financing challenges can save time, stress

July 15, 2016
Guest Contributor
By Robert Nesbitt for TCAJoBWhile day-to-day tasks keep the wheels in motion for any business, successful entrepreneurs always keep an eye on long-term financial goals. Securing financing for your company’s expansion can seem like a far-off concern with all of the immediate challenges of running a growing business. However, the...
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Petersen Hastings Partners with National Advisors Trust to expand services

February 18, 2016
TCAJOB Staff
Petersen Hastings, an independent wealth management firm in Eastern Washington, has joined forces with National Advisors Trust Company. The move has enabled the firm to create Petersen Hastings Private Trust, a new private-labeled trust services brand.[blockquote quote="Our firm’s goal is to establish lifelong relationships with clients, their families and others...
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HomeStreet bank file photo

HomeStreet’s Hometown Home Loan program provides special benefits for employees

February 17, 2016
TCAJOB Staff
HomeStreet Bank, a Seattle-based bank, has only had a presence in the Tri-Cities’ market for about a year, but it’s already demonstrating how it does business differently.[blockquote quote="This program helps employers help their employees improve their lives." source="Andy Slipper, vice president of HomeStreet Bank" align="right" max_width="300px"]Through the company’s Hometown Home...
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Lending group opens to serve clients local banks have to turn away

February 17, 2016
Jessica Hoefer
Jhoanna Jones spent more than a decade working in the financial industry. She thrived on helping small business owners get the lending they needed to buy properties and expand their companies. But sometimes, due to tighter bank regulations, she had the uneasy job of declining a loan to a small...
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