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Eli Sherman

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Eli Sherman is an award-winning journalist. He joined Providence Business News in November 2014 having previously worked as a metro reporter at the Waltham News Tribune. Sherman writes about economics, energy and the environment, entrepreneurship and finance. He's received top awards from the Society of American Business Editors and Writers, The Alliance of Area Business Publishers, the New England Newspaper & Press Association and The Rhode Island Press Association.
BRISTOL COUNTY Savings Bank President and CEO Patrick J. Murray Jr., left, stands with Lou Ricciardi, owner and president of Ricciardi Financial Group. The two have formed a new venture called Bristol Wealth Group. / COURTESY BRISTOL WEALTH GROUP

BCSB wealth division merges with Ricciardi Financial Group

TAUNTON – Bristol County Savings Bank has merged its wealth services division with Ricciardi Financial Group to create a new venture called Bristol Wealth...
DOUG SABETTI is the owner and founder of Newport Solar. / COURTESY NEWPORT SOLAR

Five Questions With: Doug Sabetti

The financing of the domestic solar industry has become more complicated. The Trump administration last week put a new 30 percent tax on imported...
ACCORDING TO THE Federal Reserve Bank of Boston's 2016 Mobile Financial Services Survey, released last month, 89 percent of respondents said they offered mobile banking services, and 97 percent expected to offer such services by 2018.

Boston Fed: Retail mobile banking nearly ubiquitous

PROVIDENCE – Retail mobile banking is near ubiquitous at United States financial institutions. The Federal Reserve Bank of Boston last month released its 2016 Mobile...
NAVIGANT CREDIT UNION has named branch managers at its two new Kent County locations.

Navigant names branch managers in Kent County

WARWICK – Navigant Credit Union has named branch managers at two new Kent County locations. Linda Jose, assistant vice president, was named branch manager of...
A RENDERING of the proposed natural gas-powered electrical plant in Burrillville.  / COURTESY INVENERGY LLC

Burrillville challenges Invenergy over withheld tax payment

BURRILLVILLE – Burrillville lawyers on Friday sent a notice of default to Invenergy Thermal Development LLC, saying the company violated a tax agreement and...
R.I. AUDITOR GENERAL Dennis E. Hoyle released a report Friday that found the state worker pension plans had strong investment returns in fiscal 2017 but have fallen further behind their contractual payout obligations in the last three years. /PBN FILE PHOTO/MICHAEL SALERNO

State worker pension system had strong returns in ’17 but liability...

PROVIDENCE – Despite growing $686 million in fiscal 2017, the financial health of the state’s retirement system by some measures has declined in recent...
SHINING EXAMPLE: Workers install solar panels at East Providence Forbes Street project, due for completion in 2017. / PBN FILE PHOTO/BRIAN MCDONALD

Imported solar tax seen as hurting local industry

PROVIDENCE – The Trump Administration’s new tax on imported solar panels isn’t likely to shutter local businesses, but it could hurt the industry and...
A RENDERING of the proposed natural gas-powered electrical plant in Burrillville. / COURTESY INVENERGY LLC

Hearing on possible suspension of Burrillville power plant canceled

PROVIDENCE – State regulators have canceled an upcoming hearing on whether to suspend Invenergy Thermal Development LLC’s application to build a power plant in...
WEBSTER FINANCIAL CORP. is the parent company of Webster Bank, which is based in Connecticut. The company saw its 33rd consecutive quarter of year-over-year revenue growth in the fourth quarter of 2017. / PBN FILE PHOTO

Webster reports Q4, 2017 profit growth

PROVIDENCE – Webster Financial Corp. on Tuesday reported 2017 profit increased 23.3 percent to $255.4 million, or $2.67 per diluted share, compared with $207.1...
LYNN O'MARRA , principal at BlumShapiro, speaks at the Providence Business News 2018 Tax Reform Summit. / PBN PHOTO/MIKE SKORSKI

PBN 2018 Tax Reform Summit: Long-term impact of new tax law...

WARWICK - Take advantage of what you can from the new tax law today and then adapt to future changes as they happen. That was...
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