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Director of home ownership and customer service at Rhode Island Housing talks about homeownership in the state. more
Insurance agency mergers and acquisitions occurred at a rapid pace during the first six months of 2014, according to “Agent-Broker Merger & Acquisition Statistics, June 2014: The New Normal?” by OPTIS Partners, an investment banking and financial consulting firm with expertise in the insurance industry. more
America’s banking industry is seeing steady improvement, highlighted by a sharp increase in business loans and a dramatic improvement in the quality of bank portfolios, according to James Chessen, chief economist for the American Bankers Association. more
While 94 percent of parents and 94 percent of college students are concerned about the cost of higher education, about one-third of the students and half the parents are without a plan to pay back the debt. more
Washington Trust’s Commercial Real Estate Group has provided $4.3 million to Alice Building LLC to refinance the historic Alice Building in downtown Providence. more
Hospitals are, by their nature, scary and depressing places. But they don’t have to be ugly as well – and there’s ample evidence that aesthetics matter to patient health. more
A food company that regularly poisoned people wouldn’t expect to stay in business for long. A pharmaceutical company whose drugs made patients sick would be shut down. But a bank that repeatedly rips off its customers? Why, it can just keep paying fines, toss out a “mea culpa” press release, and get back to business as usual -- even when it’s 80 percent owned by taxpayers. more
Wordplay aside, a pilot program being used by charter-boat captains to collect data on their summer flounder, or fluke, catch, may be pointing the way to a more accurate assessment of fisheries and thus a healthier fishing industry. more
When Central Falls declared bankruptcy three years ago, one of the largest liabilities on the city’s books was pension obligations. During the subsequent state-supervised workout, many of the city’s retirees saw their pensions substantially reduced. It was a tragedy for those who worked hard to have their expected retirement income so drastically cut. more
William C. DeWitt, partner at HCC Marketing, was recently re-elected president at the Financial Marketing Association. DeWitt has more than 20 years of experience in advertising, working for major companies like Citizens Financial Group and Bank Rhode Island, as well as leading advertising agencies such as Arnold Worldwide and Deutsch. In 2010, he joined the full-service marketing communications company HCC Marketing. DeWitt is a member of the Barrington Town Council, as well as the board of directors for Girls Scouts of Southeastern New England. He is also a consultant to the Barrington Adult Youth Team (Anti-Drug Task Force). He holds a B.A. in economics from Dartmouth College and an MBA from Duke University. more
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