Navigant Credit Union’s 21 percent spike in total loans in 2013 over the previous year spotlights the Smithfield-based financial institution’s notable growth in two segments – residential mortgages and home-equity loans – as lenders in Rhode Island and nationwide struggle with the sluggish and competitive marketplace.
As Santander Bank’s new commercial markets director for New England, Ken Martin is at the epicenter of intense competition in the financial marketplace. He oversees commercial-business relationships among companies in New England with revenue of up to $500 million. Martin heads commercial teams with a combined 110 banking professionals, about 30 of whom are based in Rhode Island.more
BOSTON – The Mass. Securities Division is calling on 401(k) plan administrators to report how many companies have shifted to a lump-sum matching contribution once a year, a change that can undermine worker savings, Bloomberg News reported last week.
Coastway Bankcorp Inc. became a publicly traded commodity on the Nasdaq stock exchange this year, retaining William A. White in the top position as president, director and CEO. Originally organized as a credit union in 1920 and converted to a community bank and mutual holding company in 2009, Coastway has nine local branches in Cranston, Providence, Warwick, East Providence, East Greenwich and Lincoln. more
FM Global named Randy Schreitmueller to the position of manager of broker relations with responsibility for “championing the voice of the broker” and maximizing the development of long-term broker relationships worldwide. That gives him the opportunity to continue to build on the foundation of FM Global’s engineering-driven underwriting and risk-management services and property-loss- prevention research. more
As Rhode Islanders continue to wrestle with the highest unemployment rate in the nation – 9.1 percent in December – and a sluggish economy, Capital Good Fund is marking its fifth anniversary this year by pushing forward with its idealistic mission to “create pathways out of poverty” with on-the-ground assistance through microloans, free tax preparation and financial coaching.
With a relaxed, tech-sector optimism, Betaspring has come to embody the Providence startup scene at a time when Rhode Island is searching for an entrepreneurial antidote to the failure of 38 Studios LLC.
By Patrick Anderson PBN Staff Writer
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.