Financial Services
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Mayhew to succeed Colella as CEO of OceanPoint Insurance
Douglas K. Mayhew, a 26-year veteran of the insurance industry, has been named president and CEO of OceanPoint Insurance Agency Inc. effective Jan. 1, 2013. more
Film credits now target local projects
As the most active movie producer in Rhode Island and recipient of $946,000 in state film tax credits over the last two years, Chad Verdi stood to potentially lose out when lawmakers began working on an overhaul of the program in reaction to 38 Studios’ demise this spring. more
Starkweather & Shepley expands in Conn. with acquisition
Starkweather & Shepley Insurance Brokerage Inc. has acquired Ansonia, Conn.-based independent insurance agency Ned Miller Associates, the company announced Wednesday. more
| 11/7/12
Dividends may lose tax-favored status in 2013
(Editor’s note: This is the final installment in a three-part series on tax-planning considerations and strategies for tax-year 2012.) more
11/5/12
BofA’s client-meeting quota is said to rile equities staff
Bank of America Corp. salespeople assigned to the world’s biggest stock portfolio managers were given new orders by their boss in September: attend at least 30 meetings a month with clients, or else. more
TheStreet upgrades Projo parent company’s rating
A.H. Belo Corp., the Dallas-based parent company of the Providence Journal and three other daily newspapers, has been upgraded from “sell” to “hold” by TheStreet Ratings. more
| 9/19/12
Sovereign seen unaffected by European fiscal woes
By this time next year, Sovereign Bank will have completed its national transformation to Santander Bank, part of the Spanish-owned Banco Santander SA, one of the largest banks in the world. more
Rockland parent posts 2Q profit decline
Independent Bank Corp., parent of Rockland Trust Co., posted net income of $8.9 million, or 41 cents per diluted share, for the second quarter, a decline of 20.2 percent when compared with the year-earlier period. more
BofA to close 4 more Mass. branches
Bank of America Corp. has detailed plans to close four additional branches in Massachusetts, reported the Boston Globe. more
| 12/26/12
Oppenheimer, RBS Citizens reach deal
Oppenheimer Holdings Inc., the investment bank run by Albert “Bud” Lowenthal, reached a client-referral agreement with RBS Citizens Financial Group Inc. to share middle-market clients for some services. more
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