The South Eastern Economic Development Corp. has received a $50,000 grant from Rockland Trust Community Development Corp. to provide financial counseling to small businesses in Rhode Island and Massachusetts.
Brookline Bancorp Inc. parent company of Bank Rhode Island, reported a 26.6 percent increase in earnings for the second quarter of 2013 compared with the same 2013 period to $9.5 million, or 14 cents per diluted share.
The move of Edward O. “Ned” Handy III from his position as Citizens Bank president for Rhode Island and Connecticut to The Washington Trust Co. as president and chief operating officer suggests more than the transition of a well-respected banking executive from one financial institution to another.
Jeff Sturges, president and CEO of Bristol-based Resolute Racing Shells, admits the company’s boats cost a bit more than most domestic competitors. But racers get what they pay for, says Sturges, pictured above. “You get a boat that lasts you much longer,” he said. The company has been making elite-level racing shells since soon after its founding in 1994. Since 1997, 10 NCAA Women’s National Championships have been won by crews who rowed primarily Resolute racing shells.
Four years after Sovereign Bank was acquired by global banking giant Banco Santander SA, which is based in Spain, the name change to Santander Bank will become official on Oct. 17. That impending change, even though many in the financial community consider it just about a name, will nevertheless put Sovereign’s Region President for Southern New England Brian A. Azar in the spotlight. more
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