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.

KNIGHT STEWARDS: Jeffrey Cannell, library director of the Providence Community Library network, and Sue Gibbs, chief operating officer, inside the Knight Memorial Library, which has received $544,800 from the Champlin Foundation to go toward much-needed renovations. / PBN PHOTO/MICHAEL SALERNO

Champlin Foundation grant helps fund Knight Library renovations

Nonprofit 03/16/2018

THE Knight Memorial Library is getting much-needed renovations this spring, as the historic community library looks to maintain its footing as an architectural jewel...

COURTESY U.S. SMALL BUSINESS ADMINISTRATION

Five Questions With Linda McMahon

In Their Own Words 03/16/2018

Linda McMahon | Administrator, U.S. Small Business Administration 1. Why were you recently in Rhode Island? I what is called the “ignite tour.” It...

RICHARD G. HORAN is the former senior managing director at the Slater Technology Fund. He founded Biograph Venture Development LLC in March 2018. / PBN FILE PHOTO/RUPERT WHITELEY

Horan creates private venture capital firm

Economy 03/15/2018

PROVIDENCE – After more than 15 years of advocating for the private sector to take a bigger role investing in early-stage startups, Richard G....

BROCKTON, MASS.-BASED HARBORONE BANCORP is buying Coastway Bancorp, based in Warwick, for about $125.6 million.

HarborOne expands footprint with Coastway purchase

Financial Services 03/15/2018

PROVIDENCE – HarborOne Bancorp Inc. is from Massachusetts, Coastway Bancorp Inc. is from Rhode Island, but the two banks – now slated to become...

TRENDING UPWARD: Washington Trust Co. Chairman and CEO Joseph J. MarcAurele, left, was succeeded by former Chief Operating Officer and President Edward "Ned" O. Handy III. MarcAurele led the bank to multiple years of year-over-year profitability growth since becoming CEO in 2010. / COURTESY WASHINGTON TRUST

Washington Trust CEO MarcAurele made $1.6M in 2017

Financial Services 03/13/2018

WESTERLY – Joseph J. MarcAurele, former chairman and CEO of Washington Trust Bancorp Inc., earned $1.6 million in total compensation in 2017, marking a...

CENTREVILLE BANK recently provided $1.6 million to help Steve and Eliza Beringhause purchase the Red Dog Inn and Resort in Mansfield. From left, Steve Beringhause, holding Phantom; on the shorter slide, Conan, Bruno and Neeko; Eliza Beringhouse, holding Everest; Caesar, on the taller slide; and Sara Hiebner, vice president of commercial lending at Centreville Bank. / COURTESY CENTREVILLE BANK

Centreville Bank provides $1.6M for dog-grooming business

Financial Services 03/13/2018

WEST WARWICK – Centreville Bank recently provided $1.6 million in financing for a dog-grooming and daycare business in Mansfield. The West Warwick-based bank made the...

JOHN OLERIO is director and senior vice president of investment services at Webster Bank. / COURTESY WEBSTER BANK

Five Questions With: John Olerio

Financial Services 03/13/2018

John Olerio is director and senior vice president of investment services at Webster Bank. He talks with Providence Business News about a new digital...

GREENSPACE BRANDS, based in Toronto, acquired Galaxy Nutritional Foods in North Kingstown in January for about $17.8 million.

GreenSpace looks to grow after Galaxy Foods acquisition

Financial Services 03/13/2018

NORTH KINGSTOWN – Following a $17.8 million acquisition of Galaxy Nutritional Foods Inc. in January, Canada-based GreenSpace Brands Inc. is looking to expand its...

EDWARD O. HANDY III, right, recently assumed the position of chairman and CEO of Washington Trust Bancorp Inc., the Westerly-based parent of The Washington Trust Co. Handy previously served as the bank's president and chief operating officer. Mark K. W. Gim, left, will take over that role. Gim previously served as the bank's senior executive vice president of wealth management and chief strategy officer. / COURTESY WASHINGTON TRUST

Washington Trust makes leadership change official

Financial Services 03/13/2018

WESTERLY – The planned leadership change at Washington Trust Bancorp Inc. became official last week. Edward O. Handy III assumed the position of chairman and...

SECRETARY OF THE COMMONWEALTH William F. Galvin says his office is investigating Wells Fargo Advisors to determine whether the company gave its customers inappropriate financial advice. / COURTESY MASSACHUSETTS SECRETARY OF THE COMMONWEALTH

Massachusetts opens investigation into Wells Fargo Advisors

Financial Services 03/13/2018

PROVIDENCE – Massachusetts officials have opened an investigation into Wells Fargo Advisors to determine whether the company gave customers inappropriate financial advice. William F. Galvin,...

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