Last Update: March 19 @ 7:09 PM
Financial Services
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The Pawtucket Credit Union recently purchased autographed copies of author Diane Kozak’s first novel for San Miguel School sixth grade students to coincide with her visit to the school. more
The U.S. Department of Agriculture’s Rural Development office for Rhode Island, Massachusetts and Connecticut announced last week it has more than $36.6 million available for loan guarantees to promise before Sept. 30. more
The commercial property insurer posted a profit of $840 million for 2009, rebounding from a $318 million loss in 2008, when turmoil in the financial markets damaged the company’s investment portfolio. more
Lefkowitz Garfinkel Champi & DeRienzo PC tax manager talks about a new Rhode Island Society of Certified Public Accountants programs. more
The Washington Trust Co.’s commercial real estate group recently provided $5.2 million in financing to Meriden Retail LLC to refinance the Silver Commons Shopping Center in Meriden, Conn. more
The Narragansett Bay Insurance Co. says it has overhauled its Web site so it provides consumers with information and services that the company hopes will keep homes safe. more
Providence Equity Partners has hired GMAC Inc. Chief Financial Officer Robert Hall to take over the same position at the Providence-based private equity firm. more
Federal regulators have lifted a cease and desist order against Union Federal Savings Bank that had prevented it from originating student loans since July 2009. more
Convinced that its long-term survival is at stake, Blue Cross & Blue Shield of Rhode Island is attempting a corporate transformation. more
A growing number of business owners and executives are concerned about the unyielding climb of health insurance costs. more
If your business gets whacked by severe weather, take heart. According to the Insurance Information Institute (III), a standard business-owners policy, called a BOP, provides coverage for a wide range of weather-related disasters, such as burst pipes, wind and rain damage, and damage to buildings caused by heavy ice and snow, among others. more
Despite what you’d think, RE/MAX President Walter J. Schneider maintains he’s anything but worried about the real estate market. more
Credit unions are seeing an opportunity to build the commercial side of their loan portfolios after the financial crisis. more
Bank Rhode Island’s parent company said Thursday its 2009 profit was nearly $1 million lower than originally reported because of a $5.4 million loan that should have been downgraded last year. more
Royal Bank of Scotland Group Plc has thrown cold water on speculation that it may sell Providence-based Citizens Financial Group Inc. and the rest of its U.S. operations to Barclays Plc, Britain’s second-biggest bank. more
Hasbro Inc. sold $500 million of 30-year bonds on Monday, a 25 percent bigger offering than it had originally planned. more
R.I. General Treasurer talks about a recently adopted R.I. State Investment Commission policy aimed at spurring economic development. more
Privilege Underwriters Reciprocal Exchange (PURE), an insurer catering to high-value homes, says it is now offer insurance to homeowners along Rhode Island’s coast. more
Webster Financial Corp. has repurchased $100 million, or 25 percent, of the shares of preferred stock issued to the U.S. Treasury under the federal Capital Purchase Program. more
Bradford Kopp, a former high-level executive at Providence-based Citizens Financial Group/RBS Americas, has been named chief executive and president of Bermuda’s largest bank, just a few months have he was appointed chief financial officer. more


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