AGP Executive Report
Last update: 5 hours agoBanking: Bank of the Pacific’s 55-year local identity ends Monday as it completes its transition to Walla Walla-based Banner Bank, following a $177 million acquisition. The Aberdeen-based bank had grown to more than $1.2 billion in assets. Tech Disruptions: Redmond-based Microsoft restored Microsoft 365 after an outage lasting more than a day, while a Workday outage disrupted payroll and HR access at thousands of employers, highlighting businesses’ reliance on cloud services. Investment: Federal approval for all 99 Washington Opportunity Zones clears the way for development projects statewide. Gov. Bob Ferguson is also seeking $10 million for an Eastern Washington clean-energy hub. Workforce: Washington’s minimum wage will rise to $17.73 an hour in 2027, while Boeing plans to eliminate 2,500 positions in another setback for the state’s workforce.
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