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Scott Blake

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Santander taps Schwinn to oversee asset-based lending

PROVIDENCE – Santander Bank this month named Brian Schwinn to head asset-based lending and restructuring finance nationwide for its Commercial Banking division. In his new...
THE WASHINGTON TRUST CO. set a record for quarterly earnings in the April-June period, with net income of $17.7 million, a 33.9 percent increase year over year.

WashTrust sets profit record in 2Q

WESTERLY – Washington Trust Bancorp Inc. on Monday reported a 33.9 percent increase in profit in the second quarter compared with the same period...

Citizens to reshuffle Rhode Island workforce for new Johnston campus

PROVIDENCE – Citizens Financial Group Inc. is on schedule to open its new office complex in Johnston next month and to start moving between 3,000...
INDEPENDENT BANK, the parent company of Rockland Trust Co., saw its second-quarter profit grow more than 50 percent, according to its second-quarter earnings report released Friday. / COURTESY ROCKLAND TRUST

Rockland Trust parent reports 51% profit growth in 2Q

ROCKLAND – Independent Bank Corp., parent of Rockland Trust Co., this week reported double-digit increases in quarterly revenue and profit. With offices in Rhode Island...
CITIZENS FINANCIAL GROUP on Friday reported 33.6 percent growth of net income on a 14.2 percent increase in total interest and non-interest revenue in the second quarter. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens reports double-digit revenue, profit growth in 2Q

PROVIDENCE – Citizens Financial Group Inc., parent company of Citizens Bank, Friday reported double-digit growth in net income and total revenue for the second...

‘The [political] system is coming up short’

Scan election results for the General Assembly through the years and you’ll find a lot of uncontested races. Observers blame it on the Democratic...
FLOOD-PRONE: Grover Fugate, executive director of the R.I. Coastal Resources Management Council, stands in front of properties on Strand Avenue in an at-risk area for flooding near the Oakland Beach neighborhood in Warwick.
 / PBN PHOTO/MICHAEL SALERNO

Report: R.I. homebuilding codes don’t cover all storm risks

Rhode Island again scored well in a recent report on the strength and enforcement of its homebuilding codes. However, with the 2018 hurricane season...
WINTER ALL YEAR LONG: State utility regulators approved a request by National Grid to raise electric rates again this winter, but will spread out the increases over a one-year period to lessen the monthly impact on ratepayers' bills. / PBN FILE PHOTO/ELI SHERMAN

National Grid files for winter rate hikes

PROVIDENCE – Rhode Islanders could again be paying more for electricity this winter. In filings this week with the R.I. Public Utilities Commission, National Grid, the...

Report: Income inequality continues to grow in U.S.

PROVIDENCE - Income inequality in the United States has continued to grow in the years since the Great Recession, though the gap in Rhode...
BAYCOAST BANK was granted the Grand National Award, the top honor for community service from the Independent Community Bankers of America, at the 2018 National Community Bank Service Awards

BayCoast Bank wins award for community service

SWANSEA – BayCoast Bank won this year’s top award for community service from the Independent Community Bankers of America, the organization announced Tuesday. The group...
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