Announcements: Coastal Community Bank announces improved earning

  • Fri Feb 28th, 2014 12:16pm

Everett-based Coastal Financial Corp., the holding company for Coastal Community Bank, announced a 43 percent improvement in earnings for the fourth quarter that ended Dec. 31. Year-over-year growth of $64 million in loans and $28 million in non-interest bearing deposits drove the gains. Coastal Community Bank has 10 branches throughout north Puget Sound.

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The city of Everett is accepting Hotel Motel Tax Fund applications until 5 p.m. March 7. Public and nonprofit agencies can apply for the grants for projects that support tourism development and promotion. Applications are available through the Everett City Council office at 2930 Wetmore Ave., Suite 9A in downtown Everett. The application is also available at: www.everettwa.org/default.aspx?ID=1550.

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Emeritus Senior Living, the parent company of Emeritus at Lynnwood, and Brookdale Senior Living have announced a merger. Anticipated to be completed in third quarter this year, the merger is not expected to have direct impact on daily operations at Emeritus at Lynnwood. In the future, residents may have access to a greater range of services due to the partnership.

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Scott and Renee Comey, owners of RE/MAX Elite in Everett, recently opened a new RE/MAX Elite office directly across from Alderwood Mall at 3400 188th Street SW, #190 in Lynnwood. With homes now selling faster, the Comeys decided to open the second office to better serve Snohomish County consumers. The company’s agents are able to utilize either office.

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Canyon Creek Cabinet Company in Monroe recently displayed its products at the inaugural combined Kitchen &Bath Industry Show and International Builders’ Show in Las Vegas. The show, part of Design &Construction Week, featured more than 1,700 exhibitors and was attended by more than 75,000 industry professionals.

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The annual Small Business Day took place in Olympia on Feb. 26. Top legislative leaders and representatives from the state Department of Commerce and the state Department of Labor &Industries addressed small-business owners and heard their concerns. Small businesses represent 98.1 percent of all employers and employ 53.7 percent of the private-sector labor force.

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People who earn a bachelor’s degree earn 20 percent more in the first two years after graduation compared to those who do not pursue a college degree, according to a recent study by Washington State’s Education Research and Data Center. Recent findings from the Pew Research Center found a 62 percent premium for attending college using national data.