Movers and Shakers January 26, 2013
Clugston qualifies for Leaders Conference
Rod Clugston, an Edward Jones financial adviser in Coeur d'Alene, qualified for the firm's 2013 Financial Advisor Leaders Conference.
This conference recognizes financial advisers who are among the leaders in the financial-services firm. The conference also will provide additional training to help them serve more individual investors in their communities.
Rod Clugston was one of only 793 financial advisers who qualified out of the firm's more than 11,000 financial advisors.
The 2013 conference will be held in May at the firm's headquarters in St. Louis, Mo.
"Qualifying for this conference shows a tremendous amount of discipline, commitment and work ethic," says Alan Kindsvater, an Edward Jones partner responsible for Advanced Branch Training, and host of the conference.
Magnuson McHugh adds two employees
Magnuson McHugh & Co. welcomed accountant Jaqui Dulebohn to the firm in November. She brings more than 25 years bookkeeping experience, including 20 years in public accounting. Her client service background is widely varied, as is her knowledge of industry-specific software and practice. Dulebohn resides in Coeur d'Alene with her husband, George and younger son Peter, while her older son, George, serves in the U.S. Army.
Also joining Magnuson McHugh & Co. is accountant Julie Kirking. Ten years as a revenue auditor for Hagadone Hospitality have made her an excellent addition to the Magnuson McHugh & Co. audit team. Kirking is working toward a bachelor's degree in business management with an emphasis in accounting. She has been married to Kamron for 15 years, and is mother to three children.
Kevin Settles named to Human Rights Commission
Kevin C. Settles, owner of Bardenay Restaurants and Distilleries in Boise, has been appointed to the Idaho Human Rights Commission by Gov. Butch Otter.
Settles' appointment to the three-year term was effective Jan. 7, and he will represent industry on the panel that enforces state anti-discrimination laws. He succeeds Robert Bolinder of Boise, whose term expired.
Active in civic affairs, Settles has two restaurants in Boise and a third in Coeur d'Alene. The distillery at the original Boise location was the first in the United States to be licensed by the federal government to produce liquor in a restaurant.
Settles is a member of the National Restaurant Association's Board of Directors and is the association's Political Action Committee chairman for 2013.
Sterling Financial releases operating results
Sterling Financial Corporation announced its operating results for the quarter and year ended Dec. 31, 2012. For the quarter, Sterling recorded net income of $20.9 million, or 33 cents per diluted common share, compared to $30.6 million, or 49 cents per diluted common share, for the quarter ended Sept. 30, and $14.8 million, or 24 cents per diluted common share, for the quarter ended Dec. 31, 2011.
For the year ended Dec. 31, 2012, Sterling recorded net income of $385.7 million, or $6.14 per diluted common share, compared to $39.1 million, or 63 cents per diluted common share, for the year ended Dec. 31, 2011.
Glacier Bancorp reports earnings
Glacier Bancorp, Inc. reported net income for the current quarter of $20.8 million, an increase of $6.5 million, or 45 percent, compared to $14.3 million of net income for the prior year fourth quarter. Diluted earnings per share for the current quarter was 29 cents per share, an increase of 9 cents, or 45 percent, from the prior year fourth quarter diluted earnings per share of 20 cents.
"Earnings momentum continued to build this past quarter allowing us to produce the record net income in 2012," said Mick Blodnick, president and chief executive officer.
Net income for 2012 was $75.5 million, an increase of $25.4 million, or 51 percent, over the 2011 operating net income of $50.1 million.
If you have a new, relocated or expanded business, or announcement of events, promotions or awards, The Press wants to let our readers know. The service is free and items run Tuesday through Saturday. To get the word on the street on your movers and shakers, call city editor Bill Buley at 664-8176 Ext. 2016 or e-mail bbuley@cdapress.com.