Friday, April 23, 2021

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Five Questions With: Sandra J. Pattie

Sandra J. Pattie is retiring in May from her position as CEO and president of BankNewport. She has served nine years in this leadership...

Rockland Trust parent announces $1.2B acquisition of Boston bank, reports $41.7M...

PROVIDENCE – Independent Bank Corp., the parent company for Rockland Trust Co., on Thursday announced a $1.2 billion deal to acquire another Massachusetts bank...
S&P GLOBAL RATINGS affirmed its B+ bond rating for Care New England and upgraded its outlook from negative to developing. The rating agency cited the health system's definitive agreement to merge with Lifespan Corp. as a major contributing factor.

S&P improves outlook on CNE bond rating, citing planned merger with...

PROVIDENCE – S&P Global Ratings revised its outlook on R.I. Health and Education Building Corp.’s bonds issued to Care New England Health System from...

Washington Trust reports $20.5M Q1 profit

WESTERLY – Washington Trust Bancorp Inc. saw its first-quarter earnings rise more than 72% compared to the first quarter of 2020, the company reported...

PPP demand slows as new event business, restaurant grant programs prepare...

PROVIDENCE – Demand for the U.S. Small Business Administration’s Paycheck Protection Program continues to slow, across the country and in Rhode Island, according to...

Legislation calls for locally administered forgivable loan program to help new...

PROVIDENCE – If you started a small business after Feb. 15, 2020, you are out of luck when it comes to getting in on...

R.I. Infrastructure Bank announces $1.7M in financing for solar array projects

PROVIDENCE – The Rhode Island Infrastructure Bank announced $1.7 million in financing for three solar energy projects, according to a news release. The long-term financing...

BankRI receives record 7,000 books through 2021 collection

PROVIDENCE – Bank Rhode Island collected just over 7,000 books to donate to nonprofit Books Are Wings during its annual donation drive in March,...

Providence fintech firm partners with investment adviser in St. Louis

PROVIDENCE – Financial technology company Marstone Inc. is bringing its digital wealth platform to the $1.6 billion in assets managed by a St. Louis...

Webster Bank joins forces with N.Y. lender in $10.3B merger while...

WATERBURY, Conn. – Connecticut-based Webster Financial Corp. announced on Monday it will merge with a similarly sized New York bank. The all-stock transaction, valued at...

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