The Washington Trust Co.’s growth mode appears to have downshifted a couple of gears as a result of increased competition and difficulties imposed by the state and national economy, even as the Westerly-based bank continued to report areas of improvement for the 2013 second quarter.
Call it the estate-devouring, nightmare home loan you hope to never encounter: A reverse mortgage with a base interest rate of 9.95 percent, plus a 50 percent share for the lender of increases in value of the house following closing, plus another 2 percent “maturity fee” to sweeten the payout even more. On top of that, there’s a $33,000 mandatory purchase of an annuity by the homeowner that is added to the principal balance and incurs compounding interest while lessening the lender’s future payments to the homeowner.
With energy production a priority around the globe, Scott DePasquale is focused on commercializing Utilidata’s advanced technology to make the electric grid operate more efficiently. The company’s move from Spokane, Wash., to Providence in June 2012 positions Rhode Island as a potential leader in energy technology. more
When it comes to big events, people go to great lengths to secure special access to VIP passes, often sporting them like badges of honor. At A Perfect Print LLC of Providence, that demand for distinctive promotional products, such as lanyards, has helped fuel rapid growth over the past three years and doesn’t show signs of stopping. The company’s work has appeared at President Barack Obama’s second inauguration, Ozzfest concerts and National Football League games. General Manager of A Perfect Print Elisa Scittarelli, pictured above, says she gets a “kick out of” seeing A Perfect Print’s distinctive work in high-profile settings.
The pressure is always on for businesses to adapt to become successful, but in the technology industry, where innovation thrives, companies must work extra hard to find a focus that works both technologically and economically.
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.