(Updated 11:51 a.m.)
Faced with high fees and poor performance, Rhode Island’s general treasurer plans to reduce the state’s investment in hedge funds, walking back a strategy implemented during the Great Recession.
Dev Singh is senior vice president of specialty banking at Webster Bank based in Providence. He talks with Providence Business News about his section of the business, how it differs from traditional banking groups and how condominium associations and homeowners associations think about yearly expenses.
The commercial real estate arm of The Washington Trust Co. recently provided $12 million in financing to a Connecticut company to recapture and improve a high-rise office building in New Haven, Conn.
CEO (or equivalent): Sandra J. Pattie, CEO and president
2015 Revenue: $62,527,542
2013 Revenue: $53,149,200
Revenue growth: 18%
For nearly 200 years now, BankNewport has been meeting the needs of its customers.
BY John A. Lahtinen | Contributing Writer