Financial Services
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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
Tax return preparers will be penalized if they fail to electronically file tax returns in the filing season starting Jan. 1, 2013, according to the R.I. Division of Taxation. more
Sovereign Bank, N.A. – a subsidiary of Banco Santander S.A. – saw its 10th consecutive quarter of profitability, with net income of $127 million, an increase of 27 percent compared with the $100 million net income reported in the second quarter of 2011. more
Oppenheimer Holdings Inc., the investment bank run by Albert “Bud” Lowenthal, reached a client-referral agreement with RBS Citizens Financial Group Inc. to share middle-market clients for some services. more
Washington Trust Chairman, President And CEO Joseph J. MarcAurele was recently honored with the Sen. John H. Chafee Distinguished Citizens Award by the Narragansett Council, Boy Scouts of America at the scout’s annual Distinguished Citizens award luncheon on June 27 at the Providence Westin. more
The U.S. Small Business Administration has joined with the U.S. Department of Veterans Affairs and the U.S. Department of Defense to launch a training program for transitioning service members and veterans to help them become entrepreneurs and create jobs. Operation Boots to Business: From Service to Startup is a national initiative that will be piloted with the U.S. Marine Corps. more
The Greenwood Credit Union has announced its relationship with the R.I. Student Loan Authority, the first credit union in the state to offer the Rhode Island Family Education Loan. more
Robert F. “Bob” Polito Jr., senior vice president, director of government guaranteed lending at Webster Bank, has been honored as a Community Bank Hero by The Commercial Record. more
Washington Trust Bancorp Inc., parent company of The Washington Trust Co., posted a record second quarter net income of $8.7 million, or 53 cents per diluted share, a rise of 15.2 percent compared to the second quarter 2011 figures. more
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