After several years of momentum with increased earnings and expansion, Westerly-based Washington Trust Bancorp Inc. hit a $2.8 million pothole in the first quarter of 2013, but helped balance that dip with solid growth in commercial loans and strong mortgage production in a three-state region.
Using your home as an ATM no longer is a financial option, but the tools that allowed owners to pull out massive amounts of money during the boom years – equity credit lines and second mortgages – are making a comeback.
Spectra Systems Corp. has received a notice of allowance, or approval, from the U.S. Patent and Trademark Office for its patent entitled “Currency Fitness and Wear Detection Using Temperature Modulated Infrared Detection.”
PROVIDENCE – Chairman and CEO of RBS Citizens Financial Group Inc. Ellen Alemany will retire Oct. 1 after more than five years with the Providence-based group, according to a press release from the parent company, Royal Bank of Scotland Group PLC.
William F. Hatfield is president of Bank of America in the Rhode Island market, a position that allows him to see the details of the state’s economy as well as to cast an eye toward the nation. As the bank emerges from the “hard work” of cleaning up after the nation’s financial meltdown, Hatfield sees “great opportunity” for his company and the region.more
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