Archive of: Banking/Financial Services

Title Issue

Lewis County still a ‘distressed’ area

A new federal listing released today shows Lewis County to be the only South Sound area still designated “distressed” for high unemployment or “under-served” in terms of financial institutions.

June 2014

Credit union, trade show gift parks

In a unique partnership, WSECU and MHRV Show Association teamed up to support the financially challenged Washington State Parks. They presented a $14,608 donation this week.

June 2014

London Stock Exchange buys Russell Investments

Financial services company Russell Investments, formerly of Tacoma, has been sold by majority owner Northwestern Mutual Life Insurance Co., Inc., to the London Stock Exchange Group.

June 2014

State lawyers get $3 million for homeowners

Washington homeowners will share in $550 million secured for borrowers nationwide through a legal action against SunTrust Mortgage Inc.

June 2014

Commencement Bank opens Enumclaw LPO

Tacoma-based Commencement Bank has opened a new loan production office in Enumclaw.

June 2014

Happy Anniversary, Tapco CU

On its 80th anniversary today, Tapco Credit Union continues a similar mission as its founders back in 1934 -- but for a vastly larger potential market group.

June 2014

TrueBlue makes $310M purchase

Tacoma-based TrueBlue Inc. announced today that it has agreed to purchase privately held SeatonCorp for approximately $310 million in cash. The acquisition will make TrueBlue the largest industrial staffing firm in the U.S.

June 2014

FDIC banks' income down, but industry sees "improvement"

FDIC-insured institutions nationwide reported aggregate net income of $37.2 billion in the first quarter of 2014, according to a release from the government agency today.

May 2014

Observing Memorial Day on Monday

Daily Biz Briefs will not publish on Monday, Memorial Day, but subscribers can read next week's Business Examiner publication this weekend with these links.

May 2014

Darigold members approve SCU merger

With an approval rate of 93 percent, members of Darigold Federal Credit Union voted in favor of the company’s merger with Tacoma-based Sound Credit Union.

May 2014
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