Financial Services
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In December 2011, The Westerly Hospital had depleted its endowment and was less than two weeks away from completely running out of money. Founded in 1925 and employing some 800 people, the hospital was and remains an economic cornerstone. Accordingly, Rhode Island Superior Court Justice Brian P. Stern placed the hospital under the protection of a court-supervised special mastership, appointing me to that role. My team and I were charged with finding a way for the hospital to remain viable, retain jobs, and continue to actively serve the health care needs of the community. Over the course of two-and-a-half years, it has been rewarding to see the end-result: an economically viable hospital. more
PROVIDENCE – Attorney General Peter F. Kilmartin and his colleagues in 15 other states are urging the federal government to adopt rules that protect consumers from mandatory arbitration clauses in important contracts. more
To commemorate the grand opening of the Pawtucket Credit Union North Kingstown branch, PCU donated $10,000 to the Wickford and Davisville middle school parent and teachers organizations. more
These could turn out to be golden years for Rhode Island retirees. more
U.S. stocks fluctuated as energy producers tumbled after OPEC’s decision to keep its output target unchanged while retailers climbed as shoppers hunted for holiday deals. more
Banco Santander SA Chairman Ana Botin replaced the bank’s CEO and two directors two months after taking the reins from her late father. more
BayCoast Bank recently announced it has partnered with the Massachusetts Bankers Association and four other banks for Common Cents, a financial education competition featuring high school students from around the state. more
The U.S. Small Business Administration announced this month that the 2015 Rhode Island Economic Summit: The Future of Small Business will be held on Friday, Jan. 9 at Bryant University, from 7:30 a.m. to 12:30 p.m. more
The Washington Trust Co. recently announced a number of promotions for employees of the financial institution. more
Tax partner at Piccerelli, Gilstein & Co. LLP talks about her work and receiving an honor from the Tax Division of the American Institute of CPAs. more
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