Tuesday, May 21, 2024

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$41.6M bond issued for phase III of Combined Sewer Overflow project

PROVIDENCE – The Rhode Island Infrastructure Bank has issued a $41.6 million Clean Water State Revolving Fund bond, with $5.2 million in principal forgiveness...

Citizens survey: Most Americans feel ill-equipped to handle large wealth transfer

PROVIDENCE – Nearly three-quarters of Americans, or 72%, said they lack the financial confidence needed to manage a large influx of money on their...

BankNewport opens Community Lending Center in Central Falls

CENTRAL FALLS – BankNewport recently celebrated the opening of its new Community Lending Center at 757 Broad St. with a ribbon-cutting ceremony on May...

BankFive announces 2024 President’s Scholarship recipients

FALL RIVER – Lylah Thibeault and Luke Coelho are the recipients of the BankFive President's Scholarship Fund, BankFive and the SouthCoast Community Foundation recently...

House committee to vet McKee proposals to amend bank tax, purchase...

PROVIDENCE – The House Committee on Finance on Thursday questioned administration officials over two budget amendments proposed by Gov. Daniel J. McKee that if...

Long-term mortgage rates retreat for second straight week

The average rate on a 30-year mortgage in the U.S. fell for the second straight week, giving some relief to home shoppers already facing...

Citizens Bank commercial space in East Providence eyed for state offices

The R.I. Department of Administration is looking to acquire a 210,000-square foot building in East Providence from Citizens Bank for use as state offices. Built...

Citizens gives $500K for tech center at new affordable housing developments

PROVIDENCE – Citizens Financial Group Inc. recently provided $500,000 to build a technology center at the 79-unit Joseph Caffey Apartments and Jordan Caffey Townhomes,...

Hyde promoted to senior vice president and head of marketing at...

NEWPORT – Jennifer Hyde has been promoted to senior vice president and head of marketing at BankNewport, the bank announced. Hyde will oversee the planning,...

Berkshire Bank gives to 107 nonprofits, including several in R.I.

BOSTON – Berkshire Bank, which has four locations in Rhode Island, says its foundation has made $401,190 in philanthropic investments in the first quarter...
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