Banking
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Banks use $1.77T stockpile to double treasury buying
The gap between U.S. bank deposits and loans is growing at the fastest pace in two years, providing lenders with more funds to buy bonds and temper the biggest sell-off in Treasuries since 2010. more
New Coastway branch set to open
Slated to be opened on Monday, Aug. 20, it is Coastway’s eighth branch. more
Washington Trust continues out-of-state focus
The commercial real estate group at Washington has provided a $1.5 million dollar commercial mortgage to Phoenix New Park Avenue LLC for the acquisition of a retail property currently occupied by Advanced Auto Parts, 443 New Park Ave., West Hartford, Conn. more
Mass. Bankers Association elects executives
The Massachusetts Bankers Association has elected 10 executives to serve in new positions on its board of directors. more
Cooley gains capital from Webster
Cooley Group, a flexible composites manufacturer based in Pawtucket that helped create the London Olympic Stadium wrap pictured above, announced Monday that it has secured a $25 million loan from Webster Business Credit Corp. more
U.S. bank loans are at post-recession peak
Banks in the U.S. are lending the most since the recession ended in June 2009, supporting an economy weighed down by 8.3 percent unemployment. more
Bloomberg News | 8/13/12
Wellness efforts all add up at BankNewport
Employees at BankNewport are not just standing behind the teller counter anymore. They are walking. more
By Robin Respaut
Contributing Writer | 8/13/12
New Washington Trust opens in Cranston
Washington Trust has announced that it has opened its third branch office in Cranston, on 2174 Plainfield Pike. more
BankNewport breaks ground for new HQ
BankNewport has officially broken ground at the site of its proposed new headquarters and operations center at 184 John Clarke Road in the Aquidneck Corporate Park in Middletown. more
Bristol County Savings Bank foundation donates $33K
Bristol County Savings Bank and its charitable foundation has recently awarded ten grants to Pawtucket area organizations, totaling $33,360. more
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