Updated May 27 at 7:27pm
Banking
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Citizens Financial Group Inc. last week donated a renovated, mortgage-free house to a Rhode Island combat-wounded military veteran and his family. The house, arranged through the Military Warriors Support Foundation, was renovated by Citizens Bank colleagues and donated as part of the bank’s “ongoing commitment to supporting those served our country.” Retired U.S. Army specialist Joshua Bacon, a combat engineer with the 41st Engineering Company, was awarded the house. Bacon sustained multiple injuries in 2009 while deployed in Afghanistan, according to the release. “First and foremost my family and I would like to say ‘thank you’ to Military Warrior Support Foundation and Citizens Bank for such a generous act of kindness,” Bacon said in a statement. “Receiving a mortgage-free home will create opportunities for my family not just now, but for generations to come.” Brad Conner, vice chairman and head of consumer banking at Citizens Bank, said in a statement the bank was honored to provide the home for Bacon and his family. “At Citizens Bank our colleagues are committed to supporting the communities where we live and work and are truly excited to have helped refurbish this home for Joshua and his family,” Conner said. In addition to the Warwick house, Citizens also gave Bacon $5,000 gift cards to purchase items for the home. Also attending the house-donating ceremony were Citizens Rhode Island president Marc Paulhus, Citizens Rhode Island market executive Barbara Cottam and Warwick Mayor Scott Avedisian, according to the release. more
Meeting minutes released last week from April’s Federal Open Market Committee gave weight to widespread reservations that short-term interest rate would increase by midyear. more
Citizens Financial Group Inc. is joining the Small Business Month celebration by offering eight business cash flow tips. more
A Massachusetts accounting agency last month opened a new office in Newport to be closer to Rhode Island clients, the company said. more
RBS Citizens Financial Group has closed on the sale of its Chicago-area Charter One retail branches to U.S. Bancorp for $315 million, Citizens announced Monday. more
In any organization, delivering results matters. Yet how leaders lead is the real differentiator in the final outcome. Over the course of my long career, I’ve had the opportunity to observe leaders with a variety of styles, ranging from authoritarian to consensus builder. While leadership requirements are largely determined by the need at the time and the opportunity at hand, there are some specific attributes I’ve witnessed in leaders I respect and admire that differentiate them from others. more
Rockland Trust Co.’s Community Development Corp. last week gave $25,000 to South Eastern Economic Development Corp. to support financial counseling for low- to moderate-income small-business owners. more
Business consultant and life insurance agent discusses her new book, “The Retailers Guide to Merchant Services: From Storefront to Internet.” more
BankNewport last week announced the launch of its second-generation mobile banking app with several added features, the bank said. more
Washington Trust’s Commercial Real Estate Group recently provided $3.4 million to refinance a Walgreen’s mortgage in Connecticut. more
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