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Home   •   Archives   •   Spokane Edition   —   Monday, August 26, 2013


CDA - Contract Design Associates - 509-624-4220

Prime Lending

Covington Construction

Hold on Now

Nectar Tasting Room


Zero Rez

Scott Graphics

Marcus Whitman Hotel- 509-525-2200

Judge denies FTC motions in Sphyra case

Last week, a Federal District Court sitting in the Eastern District of Washington rejected the FTC's attempt to shut down Spokane, Washington based company, Sphyra, indicating on the record that the FTC failed to show that it would likely succeed on the merits of its claim that the company is engaged in deceptive practices related to its merchant processing services.

The court found that, "the harsh remedy of a receiver is reserved for those companies that are replete with fraud.... This company doesn't strike [the Court] that way. The evidence before [the Court] doesn't prove that." The hearing resulted in the judge denying the FTC's motion for temporary restraining orders. The judge stated, "[The FTC's] evidence is insufficient. And I can't be more clear. I'm not a novice in looking at financial records. And so I can't be any more clear than to say that this - [the FTC's] evidence does not come close..."

Daniel Byrne new CEO at RiverBank

The Board of RiverBank and RiverBank Holding Company has announced Daniel G. Byrne, has been appointed Chief Executive Officer and Board Vice Chairman of RiverBank. He has over 29 years of financial and executive management experience in the local banking community.

Sister Peter Claver Humanitarian Award 2013

Providence Sacred Heart Medical Center and Children's Hospital has recognized many extraordinary individuals in the community whose faith and good works inspired their colleagues, friends or families to nominate them for the Sister Peter Claver Humanitarian Award. Twenty individuals have received this award. Someone you recommend could be next. On October 8, they will once again recognize the efforts of a special individual who has contributed to the betterment of humankind.

This inspiring celebration has become the Sister Peter Claver Humanitarian Award. Providence invites you to nominate a notable individual who continues to uphold Sister's dedication to enriching the lives of others, particularly the poor and vulnerable. Many of the past award recipients have made a difference by dedicating themselves to creating safer neighborhoods; providing medical or social services; outreach to underserved; working daily on behalf of children who live in poverty or are abused; or spiritually enriching or inspiring the lives of others.

Sister Peter Claver was a humanitarian in every sense of the word. Her leadership in health care was her avenue to serve, with compassion and humility, to better the lives of others. This award honors those who share her calling to serve.

Submit nominations online by September 9 at www.phc.org/spcaward.

Red Lion Signs Two Franchise Agreements in Greater Los Angeles Region

Spokane-based Red Lion Hotels Corporation (NYSE: RLH) has announced the company will open two new locations in the Greater Los Angeles Area after signing new franchise agreements on existing hotels in Ontario and Perris, Calif.

The first franchise agreement was signed with LFA Hotels, the owners of the former Ayres Grand Boutique Suites in Ontario, Calif. The company expects to convert the 107 room hotel within the next 60 days. Located at 204 N Vineyard Ave., approximately 35 miles directly east of downtown Los Angeles, the hotel was most recently affiliated with Magnuson.

Additionally, the development team signed an agreement with Best West LLC, the owners of the former Holiday Inn Express Perris-East in Perris, California, located at 480 S Redlands Ave., about 70 miles east of downtown Los Angeles. This facility that was built approximately six years ago, has 105 rooms, and is expected to become the Red Lion Inn & Suites Perris by the end of October.

New owners of the Buchanan Building

The Spokane Entrepreneurial Center and Limelyte Technology Group have announced an innovative project including the purchase and rehabilitation of the vacant Buchanan Building at 28 W. 3rd Ave. in downtown Spokane.

Limelyte Technology Group is a fast growing software development company that specializes in custom web and mobile applications in the areas of e-commerce, pre-employment & pre-tenancy, on line learning, inventory, asset tracking and other custom enterprise applications. Limelyte is currently based in the Spokane Entrepreneurial Center, however was facing a lack of space for continued expansion.

Rob Martinson is Founder & CEO of Limelyte Technology Group and Steve Salvatori is the founder & CEO of Spokane Entrepreneurial Center, which has been providing low cost office space for early stage companies since 2007. Over 40 small businesses are currently in residence and nearly 200 have called the SEC home over the past five years. The Center has two locations, 308 W. 1st Ave. and 608 W. 2nd Ave. Both are 100 year old historic buildings that have been re-purposed to bring increased economic vitality to downtown by providing small individual offices, modern conference rooms, free parking, broadband internet, utilities, and high profile downtown venues at a low cost with no deposit or lease requirements.

Under the terms of the agreement, the SEC has entered into a contract to purchase the historic Buchanan Building at 28 W. 3rd Ave from Wells Fargo Bank, who acquired it through foreclosure. Although vacant for several years, both Martinson and Salvatori see potential in the rehabilitation of the Buchanan building, which offers over 10,000 square feet of developable space. Limelyte will be the marquis tenant, with plenty of room to grow and increase its visibility with its main floor exposure.

One of the innovative aspects of the agreement stipulates Limelyte and the SEC will share equally in future appreciation of the building as its intrinsic value grows through successful rehabilitation and occupancy. The purchase is expected to be completed by the end of March, rehabilitation immediately after, and Limelyte's relocation targeted for June 1.

Kelly Scalf new Executive Director for Campfire Inland Northwest

Kelly Scalf has been named Executive Director of Camp Fire Inland Northwest, a youth development organization that serves boys and girls in Eastern Washington and Northern Idaho.

She brings over 20 years of successful professional fund development, strategic vision, management and administrative experience in not-for-profit organizations to the stewardship of their human and fiscal resources, including consulting, program planning, transportation development, grant writing, business and donor development. In addition Scalf teaches Grant Writing as an adjunct Instructor at Eastern Washington University.

Scalf is a Spokane native who attended Spokane Public schools and graduated from Whitworth University. She will oversee the organization which provides programming for children in clubs and after school programs and operates 3 camps; Camp Dart-Lo in North Spokane, Camp Sweyolakan on Lake Coeur d'Alene and Camp Aowakiya in Kellogg, Idaho.

Shadle Park High School Baseball infield first high school infield in Eastern Washington to go completely artificial

Shovels will turn and landscapers will begin a 'first ever' project on the baseball field at Shadle Park High School today. Shadle becomes the first high school in eastern Washington to have their grass infield replaced with turf. The new surface will mean less rainouts for high school play and improved conditions for Spokane American Legion Baseball games. As the largest American Legion league in the state, it's played at Shadle since 1968, "We have plans to improve the lights, dugouts and in a couple more years we will have a real showpiece,"says Steve Barge, Spokane American Legion Baseball.

Funded almost entirely by donations, this project will cost $200,000. The largest donations came from Avista Corp., Cowles Publishing Company's Foundation, Shadle Park alum Jeremy Affeldt and The Kalispel Tribe of Indians.

New Pat Schilling Spokane calendars are ready to order

Pat Schilling's 2014 Calendars are hot off the presses, and ready for you to order. You can see examples of the images, and order directly from his website at patschilling.com/pages/calendar.html. Cost is $15, plus shipping and handling.

Numerica Credit Union welcomes Derek Brownson as Relationship Officer

Derek Brownson recently joined Numerica Credit Union as a business services relationship officer. Brownson has 15 years of experience in the finance industry, most recently as vice president of business banking for Bank of the West in Kennewick.

Brownson graduated from Eastern Washington University with a Bachelor of Arts degree in education with an emphasis on social science. Additionally, he attended Washington Bankers Association sponsored programs and earned his advanced branch manager and lending certifications. He is also on the board of directors for Eastern Washington University Alumni Association and Pasco Chamber of Commerce.

Kevin O'Connell Hired as a Small Business Officer for Numerica

Kevin O'Connell recently joined Numerica Credit Union as a small business officer. He has 10 years of experience in the banking and financial industry, holding a multitude of positions, most recently as an AVP relationship manager for private banking with Columbia Bank.

O'Connell obtained a bachelor's of science degree from the University of Idaho with a double major in information management systems and marketing.

The Business Thought of the Week

"Leadership is unlocking people's potential to become better." Former basketball star and U.S. Senator, Bill Bradley

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