Updated March 26 at 12:27am
Banking
487 results total, viewing 11 - 20
Sixty youth literacy kits and no-sew fleece blankets were donated by employees of BankNewport and OceanPoint Insurance Agency through the United Way of Rhode Island as part of the companies’ workplace giving campaign. more
Peter Pagonis is Rhode Island Housing’s director of homeownership, which he has held since 2015. He also is the director of the Rhode Island Mortgage Bankers Association. more
(Updated 12:22 p.m.) A business incubator created by state law is at risk of shuttering due to a lack of support from the legislature that fashioned it. Urban Ventures, a legislatively created incubator based in Providence, was originally formed to support … more
Three college scholarships and one vocational scholarship, totaling $4,500, for students in local high schools will be funded by the Westerly Community Credit Union for the 2016-17 school year. more
Although Rhode Island’s financial services industry accounted for 4.2 percent of direct employment in 2015, the industry contributed 9 percent of the state’s gross domestic product, ranking 8th most in the country. more
(Updated 12:22 p.m.) Joseph M. Baptista is the president of Anchor Financial Mortgage Inc. in Pawtucket. The mortgage firm recently partnered with R.I. Housing and its new program, the Ocean State Grad Grant, which is designed to help new graduates purchase homes. He talks with Providence Business News about his firm, the program and the benefits to buying versus renting. more
(Updated: 12:30 p.m.) Centreville Bank recently made an $800,000 financing deal with a pair of restaurateurs who are expanding in Newport. The deal comprised three credit facilities: two U.S. Small Business Administration loans totaling $540,000 and a $260,000 term loan for working capital. more
Linda Aldrich, port closing/quality-control specialist with The Washington Trust Co., recently received the bank's Community Service Award. Aldrich was awarded $1,000 to donate to a nonprofit organization of her choice. The Community Service Award recognizes a Washington Trust employee who has made significant contributions to the local community, representing the bank's core value of "community" and serving as a role model for his or her fellow employees. more
Washington Trust Bancorp Inc., the parent company of The Washington Trust Co., reported a 3.9 percent decline in net income in the second quarter to $11.1 million, or 64 cents per diluted share, from $11.5 million, or 68 cents per diluted share, a year earlier. more
(Updated, 5:35 p.m. and 6 p.m.) Morgan Stanley was alone among the largest U.S. banks in stumbling through the Federal Reserve’s annual stress tests, getting conditional approval to make payouts to shareholders. Thirty other firms passed, while two subsidiaries failed, including Santander Bank. more
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