Friday, April 25, 2025

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Financial Services

4 R.I. nonprofits among 118 in Northeast to receive grants from...

PROVIDENCE – Berkshire Bank Foundation, the philanthropic arm of Berkshire Bank, invested more than $400,000 in communities through grants and other giving in the...
TROUBLESHOOTER: Fall River Five Cents Savings Bank Senior Vice President and Chief Information Officer Maureen Terranova says she has to remain open-minded to keep up with various changes and to fulfill her goal of supporting the business’s needs. 
PBN PHOTO/TRACY JENKINS

BankFive’s Terranova provides a guiding light through technology, mentorship

2025 C-Suite Awards LARGE PRIVATE COMPANY: Maureen Terranova Fall River Five Cents Savings Bank | Senior vice president and chief information officer AFTER MAUREEN TERRANOVA WALKED through...
CULTURE CHANGE: Centreville Bank Executive Vice President and Chief Human Resources Officer Josh Varone helped the financial institution decrease its employee turnover rate from around 26% to just 6%. 
PBN PHOTO/RUPERT WHITELEY

Varone makes Centreville Bank a home away from home

2025 C-Suite Awards LARGE PRIVATE COMPANY: Josh Varone Centreville Bank | Executive vice president and chief human resources officer JOSH VARONE HAS BUILT his leadership approach at...

Average rate on a U.S. 30-year mortgage eases to 6.81%

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains close to its highest level in more than...
WEBSTER FINANCIAL Corp., the parent company of Webster Bank, recorded a $226.9 million profit in the first quarter of 2025, up nearly 5% from the $216.3 million it made in the first quarter of 2024. / PBN FILE PHOTO

Webster Financial Corp. reports $226.9M in Q1 profit

STAMFORD, Conn. – Webster Financial Corp., the parent company of Webster Bank, on Thursday said it recorded a $226.9 million profit in the first...
BROOKLINE BANCORP, the parent company of Bank Rhode Island, posted their first-quarter earnings statement on Wednesday. / COURTESY OF BROOKLINE BANKCORP

Bank Rhode Island’s parent company Q1 profit up 30%

BOSTON – Brookline Bancorp Inc., the parent company of Bank Rhode Island, reported a net income of $19.1 million in the first quarter of...

Washington Trust earns $7M in leasebacks for 5 branch locations in...

WESTERLY – Washington Trust Bancorp Inc., the parent company of The Washington Trust Co., earned $7 million after completing sales leaseback transactions on five...
THE MEDIAN PRICE of single-family homes sold in Rhode Island continued to climb in March, rising 9.1% from a year earlier to $480,000, the Rhode Island Association of Realtors says. / AP FILE PHOTO/ROGELIO V. SOLIS

R.I.’s median home price rises to $480K in March

WARWICK – The median price of single-family homes sold in Rhode Island continued to climb in March, rising 9.1% from a year earlier to...

Centreville Bank breaks ground on first full-service Middletown branch

MIDDLETOWN – Centreville Bank on Monday held a groundbreaking ceremony for its first full-service branch in Middletown, marking the bank’s planned 23rd location and...

BankRI Children’s Book Drive collects 14,279 books in record-setting year

PROVIDENCE – Bank Rhode Island’s 15th annual Children’s Book Drive collected a total of 14,279 books in just four weeks after setting an initial goal...
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