Updated February 21 at 6:25am
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Coastway Bancorp Inc. this month reported 2016 profit more than doubled 2015 profit, growing 114.3 percent to $3.5 million. The parent company of Coastway Community Bank reported profit for the year totaled 82 cents per diluted share compared with 36 cents per diluted share in 2015. more
Rhode Island Infrastructure Bank last week approved a second tranche of funding for Portsmouth to provide loans to residents for septic system repairs and cesspool remediation. more
Citizens Bank provided a $65 million construction loan to help finance the construction of a 300,000-square-foot retail outlet in Iowa. more
Seekonk resident George Oliveira has been named chairman of Plimoth Investment Advisors. He will now oversee operations and serve as a senior member of the investment team. more
Michael D. Ice is a professor of finance at the University of Rhode Island. Ice talks with Providence Business News periodically about capital markets and monetary policy, and today discusses federal rate increases and how they might impact the economy. more
Two well-known, Rhode Island executives with expertise in medical innovation told the Interstate 195 Redevelopment District Commission Monday they want to create a new center to attract talent and spur business creation. more
The Newport Shipyard is seeking state permission to expand its capacity to accommodate larger yachts, according to an application before the R.I. Coastal Resources Management Council. more
Bank of America Corp. awarded CEO Brian T. Moynihan $20 million for his work last year, raising his compensation 25 percent. more
The latest AAA Northeast gasoline price survey showed slight but opposite movement in Rhode Island and Massachusetts. Ocean State motorists faced a 1 cent per gallon increase over the year, while Bay State drivers saw the price decline 1 cent per gallon. more
The Top 5 list of Rehabilitation, Physical & Occupational Health Centers, ranked by number of practitioners. more
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