Updated August 28 at 9:21pm
Banking
437 results total, viewing 311 - 320
PROVIDENCE _ A 33-year-old Warwick man has been sentenced to five years in federal prison for masterminding a conspiracy to defraud two Rhode Island banks of nearly $600,000. A federal court jury convicted David Alcantara on May 1 of … more
The commercial real estate arm of Washington Trust Co. has provided $2.2 million in financing for the acquisition of four multifamily properties in Pawtucket. more
MIDDLETOWN – Bank Rhode Island plans to open its newest branch early next year in Middletown, according to an announcement last month. The branch opening, scheduled for completion “by early … more
A 45-year-old man was sentenced to nearly six years in federal prison last week after pleading guilty to bank fraud. more
The yearly count of SBA-backed loans came out last week, and the picture it paints is not a pretty one. From before the Great Recession, through its depths and now in the Ocean State's weak recovery, it is clear that less and less capital … more
WESTERLY – Washington Trust Bancorp Inc. is hopeful its market-expansion strategy will lead to a bounce back from a slight dip in first-quarter earnings, as profit fell 0.7 percent to $10.9 million, or 64 cents per diluted share, compared with the … more
One of the newest installments of the Dodd-Frank Act, designed to tighten regulations surrounding the financial industry following the global financial crisis of 2008, has lengthened the homebuying experience in Rhode Island and temporarily … more
TAUNTON – The Massachusetts-based South Eastern Economic Development Corp. is targeting Rhode Island companies with new loan offerings in the wake of receiving $1 million through a new state-funded small-business loan program. The … more
The BankFive Foundation, a fund of the Community Foundation of Southeastern Massachusetts, has awarded $25,000 to Coastline Elderly Services Inc. to support the purchase of a Meals on Wheels program delivery vehicle. more
It's no small secret there's an age gap in the financial-services workforce in Rhode Island. For years it has existed largely because of a flurry of industry consolidation that's caused a reduced demand for new employees. But demographic … more
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