Friday, March 29, 2024

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Nancy Lavin

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Citizens, Bank of America recognized for largest dividend increases in...

PROVIDENCE – It was a good year to be an investor in Citizens Bank and Bank of America Corp. The two banks were among the...
PBN PHOTO/MICHAEL SALERNO

Five Questions With: Pawtucket Mayor Donald R. Grebien

Donald R. Grebien | Mayor, Pawtucket 1. With the Pawtucket Red Sox leaving in 2021, do you feel the $400 million Tidewater Landing development...
HIGH COST: John Rogue, left, co-owner and chief financial officer, converses with Chris Roy, chief operating officer, at Medici Products and Solutions, a medical marijuana cultivator in Warwick. In 2018, $100,000 worth of product was stolen from their site and their insurance did not cover the loss. / PBN PHOTO/MICHAEL SALERNO

A lack of insurers hard on cannabis industry

Theft is never a good thing, but most businesses at least have some insurance to cover the loss. Medici Products and Solutions Inc. did not. After...

Renewable energy developer to seek $285M in damages against Exeter, Coventry

NORTH KINGSTOWN – One of the state’s largest renewable energy developers Thursday announced plans to sue the towns of Coventry and Exeter for allegedly...
BRUCE KATZ authored a new report outlining a long-term economic plan for Rhode Island. / COURTESY NEW LOCALISM ASSOCIATES

New report names blue economy as major economic opportunity

PROVIDENCE - “The Ocean State” can be more than just a nickname for Rhode Island. It also represents a key part of the state’s future...
BROOKLINE BANCORP, Bank Rhode Island's parent company, reported nearly $88 million in profit for 2019.

Bank Rhode Island parent company reports $87.7 million profit in 2019

PROVIDENCE – Brookline Bancorp Inc., the Boston-based parent company of Bank Rhode Island, reported Wednesday a record $87.7 million profit in 2019. Year-end earnings increased...

State representative revives effort to cap interest on payday loans

PROVIDENCE – Rep. John J. Lombardi, D-Providence, has once again submitted legislation proposing to cap annual interest rates on payday loans. The bill submitted to...

Five Questions With: Donald M. Hartley

Donald M. Hartley is a financial adviser with LPL Financial* who was recently named an employee of a new subsidiary of BankNewport known as...

Magaziner pulls pension fund investment from assault weapon manufacturers, private-prison operators

PROVIDENCE – Rhode Island’s pension system will no longer invest in companies that manufacture assault-style weapons for civilian use or operate private, for-profit prisons,...

Analyst offers positive 2020 predictions for Citizens Financial Group

PROVIDENCE – California-based financial services firm Wedbush has increased its earnings-per-share estimates for Citizens Financial Group Inc., the parent company for Citizens Bank, according...
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