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Article: Payne Financial Group anticipates more growth here
- Article from:
- Journal of Business
- Article date:
- February 22, 2007
- Author:
CopyrightCopyright Northwest Business Press Inc. Feb 22, 2007. Provided by ProQuest LLC. (Hide copyright information)
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Payne Financial Group Inc., a Missoula, Mont.-based insurance brokerage that operates a growing office here, says Spokane's strong economy has been helping drive its robust, companywide growth.
At the same time, the company, which has its top executive's office here, is facing challenges posed by the tightening labor market here as well as increasing numbers of consolidations industrywide.
Payne posted $30 million in commission revenues last year, giving it a place among the top 50 privately held insurance brokerages in the U.S., says Bill Wrigglesworth, its Spokanebased president and CEO. Between the end of its first year in 2001 and the end of 2006, the company's revenues grew 64 percent, ...