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Rhonda Miller

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PROVIDENCE-BASED DEEPWATER WIND was the winner bidder for two offshore wind energy sites Wednesday, paying $3.8 million for the rights to build commercial energy facilities on a total of nearly 165,000 acres between Block Island and Martha's Vineyard. / BLOOMBERG NEWS FILE PHOTO/CHRIS RATCLIFFE

Deepwater Wind wins auction for two offshore wind power sites

WASHINGTON – Providence-based Deepwater Wind New England has been named the provisional winner in an auction held Wednesday for two wind energy sites off...
"Citizens Bank is committed to community service and the sabbatical program is a way for the bank to support colleagues like me who have a passion for volunteerism."

Five Questions With: Anita Israelyan

Anita Israelyan is a senior advocate in the office of the chairman for Citizens Bank. Her responsibilities include working with customers to answer questions...

RBS looking for new CEO

LONDON – The Royal Bank of Scotland, parent company of Providence-based RBS Citizens Financial Group, has begun the process of looking for a new...

FNC creates mortgage-exchange platform

OXFORD, Miss. – Mortgage-technology company FNC Inc. has developed a product that creates a Web-based technology platform through which banks and investors can buy...

Cross Insurance opens E.P. office

PROVIDENCE – Cross Insurance, a subsidiary of Cross Financial Corp. and one of the largest independent insurance providers in New England, has opened its...

Newport Fed, Savings Institute merge set for Sept.

NEWPORT – The merger and systems conversion of Newport Federal Savings Bank and Willimantic, Conn.-based Savings Institute Bank and Trust Co. is set for...
WASHINGTON TRUST will open its first branch in Johnston next year.

Washington Trust to open branch in Johnston

WESTERLY – Washington Trust will open its first branch in Johnston during the first quarter of 2014, according to a Monday press release from...
UNDER PRESSURE: University of Rhode Island mechanical engineering students, from left: Sachin Gupta, Christopher Shillings and Payam Fahr, ensure that an implosion experiment is ready to start. The implosion vessel was purchased with a grant from the Office of Naval Research. / COURTESY JOHN PETERSON

URI studying underwater booms

Two projects to study implosion have brought $840,000 in funding from the Office of Naval Research to the University of Rhode Island. The funding includes...
‘Even though the market is not expanding, we believe  there is more  for us to get.’
Joseph J. MarcAurele
Washington Trust Bancorp, chairman, president and CEO

WashTrust has 2Q gains, but they’re harder to reach

The Washington Trust Co.’s growth mode appears to have downshifted a couple of gears as a result of increased competition and difficulties imposed by...
BANK RI PARENT BROOKLINE BANCORP INC. reported net income of $9.5 million in the second quarter, an improvement of 26.6 percent on the same 2012 period.

2Q profit up 27% for BankRI parent, as revenue falls slightly

BOSTON – Brookline Bancorp Inc. parent company of Bank Rhode Island, reported a 26.6 percent increase in earnings for the second quarter of 2013...
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