Banking
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Citizens’ Alemany named 4th-most powerful woman in banking
Ellen Alemany, chairman and CEO of RBS Citizens Financial Group Inc., has been recognized as one of the 25 most powerful women in banking by American Banker. more
| 10/2/12
B of A reveals downtown plans
Bank of America will be moving its downtown office workers to 100 Westminster St. and 1 Financial Plaza as it exits 111 Westminster St., its home in Rhode Island since its predecessor built the iconic, 26-story structure in 1928. more
| 9/4/12
WashTrust provides $4.8M financing for 40 Fountain St.
Washington Trust’s Commercial Real Estate Group provided $4.8 million in commercial mortgage financing to Emanon Associations LP for Providence’s Gardner Building. more
| 9/19/12
Andera named one of ‘10 Tech Companies to Watch’
Providence-based Andera Inc. has earned a spot on American Banker’s list of 10 Tech Companies to Watch thanks to its account and loan origination software. more
Private sector must do more to help spur the economy
As president and CEO of The Rhode Island Foundation, Neil D. Steinberg has guided the foundation into being a proactive community and philanthropic leader, dedicated to meeting the needs of the people of the state. more
Campanelli to leave Flagstar
Former Sovereign Bank executive Joseph Campanelli is leaving his position as president and CEO of Flagstar Bancorp Inc. to pursue other interests, reported Crain’s Detroit Business. more
| 10/5/12
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
Community-bank status helping Coastway expand lending
Bill White has served as the president and CEO of Coastway Community Bank since 2000, when the bank merged with the Ocean State Community Credit Union. more
BankRI parent sets aside $4.2M for losses tied to 38 Studios
Brookline Bancorp Inc., the parent company of Bank Rhode Island announced on Thursday it has set aside $4.2 million to cover possible losses from two business loans BankRI issued shortly after Brookline bought the bank in January. more
Consumers paying back loans faster
Despite continued high unemployment as the economy slowly recovers from the Great Recession, one indicator points to potential improvement: Borrowers are paying back their debts in a more timely manner. more

By Michael Souza
PBN Staff Writer | 9/17/12

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