William Hamilton, Author at Providence Business News

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WASHINGTON TRUST BANCORP INC. says it will take a one-time $70 million loss in order to shed its balance sheet of low-yielding assets and to boost its earnings in the coming year and beyond. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust sells assets at a $70M loss to improve earnings...

Economy 12/23/2024

WESTERLY – Washington Trust Bancorp Inc. says it is "repositioning" its balance sheet in a strategy that has the company selling off low-yielding assets...

Five Questions With: Johnell Holly

5Q 11/22/2024

Johnell Holly | Senior vice president of global client service, sales and marketing, FM 1. Your company can trace its origins back to 1835...

CENTURION FOUNDATION's bid to purchase Our Lady of Fatima Hospital in North Providence, shown above, and Roger Williams Medical Center in Providence has received conditional approvals from Attorney General Peter F. Neronha and the R.I. Department of Health. / PBN FILE PHOTO/MICHAEL SALERNO

Sale of Fatima, Roger Williams hospitals gets conditional OK

Health Services 06/20/2024

PROVIDENCE – The R.I. Department of Health and Attorney General Peter F. Neronha Thursday gave preliminary approval for the sale of Roger Williams Medical...

WEBSTER FINANCIAL CORP. reported Thursday that its profit for the third quarter was 3.2% lower than a year ago, but the performance still beat expectations on Wall Street. / PBN FILE PHOTO

Webster sees profit drop 3.2% in third quarter

Economy 10/19/2023

STAMFORD, Conn. – Webster Financial Corp. on Thursday posted a third-quarter profit of $226.5 million, a 3.2% decline from the same period a year...

THE THIRD-QUARTER earnings reported by Citizens Financial Group Inc. on Wednesday did not meet the expectations of analysts on Wall Street. / COURTESY CITIZENS FINANCIAL GROUP INC.

Citizens posts $430M profit in Q3, down 32% from a year...

Economy 10/18/2023

PROVIDENCE – Citizens Financial Group Inc. on Wednesday reported a third-quarter profit of $430 million, sinking 32.4% from its net income in the same...

THE WASHINGTON TRUST CO. has agreed to a $9 million settlement of allegations by the U.S. Justice Department that it engaged in discriminatory lending practices. The bank denies the allegations. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust agrees to $9M settlement of federal redlining allegations

Financial Services 09/27/2023

PROVIDENCE – The Washington Trust Co. has agreed to a $9 million settlement to resolve allegations that the bank engaged in lending discrimination from...

PLANS SUBMITTED to the Capital Center Commission by Fogo de Chão show the restaurant plans to provide about 50 outdoor seats along Francis Street at Providence Place mall. / FOGO DE CHAO RENDERING

Brazilian steakhouse to fill long-empty Providence Place storefront on Francis St.

Economy 03/21/2023

PROVIDENCE – A Texas-based Brazilian steakhouse chain is preparing to open its first Rhode Island location in a prominent street-level space at Providence Place...

Attorney General: R.I. part of a $450M settlement with opioid maker...

Government 08/18/2022

PROVIDENCE – Attorney General Peter F. Neronha says he and attorney generals from 35 other states have reached a $450 million nationwide settlement with...

REBECCA CHHIM talks with staff members at the Naval Undersea Warfare Center Division Newport in May 2021. Chhim was recently appointed head of the Undersea Warfare Combat Systems Department at NUWC. / PBN FILE PHOTO/KATE WHITNEY LUCEY

Chhim named chief of NUWC Newport’s largest unit

Industries 01/28/2022

NEWPORT – Tiverton resident Rebecca Chhim has been appointed the head of the Undersea Warfare Combat Systems Department, the largest department at the Naval...