Paul Imbesi, Author at Providence Business News

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ROBERT T. GORMLEY is retiring in July from Citizens Financial Group, but he will continue to serve as a consultant for the company and to work with The Providence Foundation and RIPEC. 'I'm optimistic that Providence and Rhode Island can continue to flourish.' /

Citizens exec says he’s ready to retire<br> after 37 years in...

Economic Activity 05/05/2007

When Robert T. Gormley joined Citizens Bank in 1993, the company had $5 billion in assets and was a distant second to Fleet Bank...

THIS CLOSE-UP shows how the development will hug Attleboro's riverfront. /

Attleboro plans downtown revitalization

Capital Goods 04/28/2007

Frank Cook, chairman of the Attleboro City Council’s finance committee, sees the council’s vote last month to approve a downtown renewal plan as the...

Home-loan crisis seen as big threat to minorities

Economic Activity 04/28/2007

The event was meant to mark the 39th anniversary of the Fair Housing Act, the civil rights legislation that banned discrimination in housing. But...

Washington Trust sees setback, BankRI rebounds

Economic Activity 04/28/2007

First-quarter results issued last week by Rhode Island’s two largest independent banks show interest rate trends continue to cut into profits. But while extensive...

FORECLOSURES of homes such as this one in Plano, Texas, are on the rise nationwide. The subprime market's implosion is affecting Rhode Islanders as well. /

Subprime mess hits homeowners in R.I.

Economic Activity 04/21/2007

Philip Campbell, director of marketing and information at Rhode Island Housing, says he stresses one thing with home loans: education. “They better understand the...

GREEN DEVELOPMENT plans on display at The Grant in Pawtucket during the April 14 historic preservation conference. /

Can historic development be green too?

Economic Activity 04/21/2007

Edward F. Sanderson, executive director of the Rhode Island Historical Preservation & Heritage Commission, says there are about 20,000 buildings in the state that...

REGIONAL LEADERS are considering a tri-state rail system to link Rhode Island, Massachusetts and Connecticut the way the MBTA already links Boston and Providence. /

3 states’ leaders examine potential<br> for regional commuter rail

Capital Goods 04/21/2007

Rhode Island officials are working with their peers in Massachusetts and Connecticut to develop a plan for a commuter rail system that would link...

THE HEAVY RAINS, gusting winds and floods brought by the April 15-16 nor'easter offered a powerful reminder of Rhode Island's vulnerability just as insurers are seeking higher premiums or denying coverage to some homeowners and residents. Above, Rhodes-on-the-Pawtuxet is flooded by the river for which it is named.
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Push is on to expand federal flood insurance

Economic Activity 04/21/2007

With his party now controlling Congress, Rep. Barney Frank, D-Mass., has joined forces with a Republican colleague to try again to reform the struggling...

THE SOUTH COAST RAIL project calls for the construction of several passenger stations and two terminal layover facilities. /

High hopes for South Coast train plans

Capital Goods 04/14/2007

After watching several governors present studies and plans for a rail line into southeastern Massachusetts since 1991, Roland Hebert takes Gov. Deval Patrick’s pledge...