Eli Sherman, Author at Providence Business News

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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.

AN INTERIOR RENDERING of the new 420,000-square-foot Citizens Financial Group Inc. corporate campus in Johnston. The facility is on schedule to be completed in time for employees to start working there in August. / COURTESY CITIZENS BANK

Citizens campus in Johnston on schedule for August opening

Financial Services 01/23/2018

JOHNSTON – Citizens Financial Group Inc. is on schedule to complete its 420,000-square-foot campus in time for employees to start working there in August. Chairman...

JAMES WALLACE is executive vice president and chief operating officer of BayCoast Bank in Swansea. / COURTESY BAYCOAST BANK

Five Questions With: James Wallace

Financial Services 01/23/2018

James Wallace is executive vice president and chief operating officer at BayCoast Bank. He was recently appointed to the position after working at the...

JOSEPH J. MARCAURELE, chairman and CEO of Washington Trust Bancorp Inc., parent of The Washington Trust Co., says the Tax Cuts and Jobs Act has allowed the bank to award each of its full-time employees with a one-time cash bonus of $1,000; part-time employees each received a $500 cash bonus; and about 40 percent of employees received a $1 per hour increase in pay. / COURTESY WASHINGTON TRUST BANCORP INC.

Citing new tax law, Washington Trust gives bonuses, pay increases

Financial Services 01/23/2018

WESTERLY – Washington Trust Bancorp Inc. is the latest Rhode Island financial institution to share some of the new tax-law benefits. The company last week...

CENTREVILLE BANK HAS provided $260,000 to the Capital Good Fund to help fund the organization's lending operations. Centreville Bank Charitable Foundation, the bank's giving arm, donated an additional $10,000. Scott Sheppard, left, vice president of commercial lending at Centreville Bank, presents the $10,000 check to Andy Posner, founder and CEO of the Capital Good Fund. / COURTESY CENTREVILLE BANK

Centreville Bank provides $260K in financing for Capital Good Fund

Financial Services 01/23/2018

WEST WARWICK – Centreville Bank has made $260,000 available to the Capital Good Fund to help fund its lending operations. The West Warwick-based bank has...

A RENDERING of the proposed natural gas-powered electrical plant in Burrillville. / COURTESY INVENERGY LLC

Invenergy cancels water deal with Narragansett Indians

Economy 01/22/2018

PROVIDENCE – Invenergy Thermal Development LLC on Monday agreed to terminate its water-supply agreement with the Narragansett Indian Tribe. The agreement would have given Invenergy...

CITIZENS BANK is a wholly owned subsidiary of Providence-based Citizens Financial Group Inc. The bank posted net income of $1.7 billion in 2017, a 58.1 percent increase on its 2016 performance. / BLOOMBERG FILE PHOTO/KELVIN MA

Buoyed by new tax law, Citizens increases profit in 4Q and...

Financial Services 01/19/2018

PROVIDENCE – Buoyed by a $331 million after-tax benefit from the new tax law, Citizens Financial Group Inc. on Friday reported 2017 profit increasing...

DIGGING OUT: A truck clears sand off Atlantic Avenue in the Misquamicut community of Westerly following “Superstorm” Sandy in 2012. Today the town is still dredging 20,000 cubic yards of sand from Winnapaug Pond deposited there during the storm. / PBN FILE PHOTO/BRIAN MCDONALD

The Ocean State has seen the damage storms can cause. So...

Cover Story 01/19/2018

(Editor's note: This is the first of a three-part series exploring Rhode Island's vulnerability to coastal flooding and what businesses, property owners and local...

TALKING SHOP: John Lombari, right, sold his manufacturing company, R.I. Carbine Tool Co. based in Smithfield, earlier this year. Lombari speaks with Danny Loiselle, CNC machine programmer/operator. / PBN PHOTO/MICHAEL SALERNO

M&A activity seen rising in 2018

Entrepreneurship 01/19/2018

John Lombari bought R.I. Carbide Tool Co., a Smithfield manufacturer of cutting-tool technology, 25 years ago. Last March, he sold the company with an...

ALTERNATIVE PATH: Janelle Blakely Photopoulos, owner of Blakely Interior Design in North Kingstown, started the company to indulge her hobby of home design and décor after losing enthusiasm for her former job at a large corporation. / PBN PHOTO/MICHAEL SALERNO

Blakely designs go beyond the look

Entrepreneurship 01/19/2018

After working several years for a large corporation, Janelle Blakely Photopoulos started losing interest in her job. The company was bought out and the excitement...