Financial Services
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USI Insurance acquires Lynch, Beretta and Bucci
Property and casualty insurance agency Lynch, Beretta and Bucci was acquired by Briarcliff Manor, N.Y.-based USI Insurance Services, USI announced Wednesday. more
| 6/14/12
Capital Properties profits drop 28% in 2Q
Capital Properties Inc. reported a 28 percent drop in profits from $807,000, or 12 cents per diluted share, during the second quarter of 2011 to $578,000, or 9 cents per diluted share, during the same period this year. more
| 7/31/12
U.S. stocks rise as banks rally after Moody’s downgrades
U.S. stocks rose, after yesterday’s selloff, as the downgrade of global banks by Moody’s Investors Service was followed by rallies in financial shares while the European Central Bank announced changes to its lending program. more
Corporate giving still strong in Ocean State
When Ocean State Job Lot co-owner Alan Perlman recently found himself with a pricing deal on Kellogg’s cereal too good to pass up that involved more stock than he could sell, he found an easy solution. more

By Rebecca Keister
PBN Staff Writer | 11/26/12

Planning key to disaster survival
CNN’s Bonnie Schneider picked a good time to become a television meteorologist. Since she graduated from Boston University and got her first on-air job, the world has continued to get warmer and extreme weather events have become more common throughout the country. more

By Patrick Anderson
PBN Staff Writer | 10/1/12

BankRI top SBA lender in Rhode Island
Bank Rhode Island is the top U.S. Small Business Administration lender in Rhode Island, granting 83 SBA-backed loans valued at $17.4 million in the federal fiscal year that ended Sept. 30 more
| 11/1/12
Sullivan & Co. merges with BlumShapiro
Public accounting firm Sullivan & Co. LLP has merged with BlumShapiro, the largest New England-based accounting, tax and business consulting firm, effective Jan. 1. more
| 1/8/13
Death of a firm can breathe life into others at auction
SJ Corio Co. President Salvatore Corio Jr. has been running liquidation auctions in Rhode Island since 1983, so when he took on the 38 Studios LLC bankruptcy sale, he knew he was in for a big job. With over 2,000 lots on the block, selling everything in one session while maximizing returns for taxpayers would take speed and endurance. Over a nearly uninterrupted 10 hours of bidding, the auction recovered $650,000 for the state as Corio mixed his trademark blend of rapid-fire humor with salesmanship. More than once, he asked for a bid of $75 million, the amount of the 38 Studios loan guarantee. more

By Patrick Anderson
PBN Staff Writer | 11/26/12

Jill A. Cormier
Age: 33 more
7/23/12
Five Questions With: Kevin O’Connell
Partner at Posternak, Blankstein & Lund LLP talks about bank mergers and acquisitions. more
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