Wave Federal Credit Union board confirms new CEO and president
WARWICK – The board of directors for Wave Federal Credit Union recently confirmed the appointment of a new CEO and president, as well as...
As home repair costs rise, policies may need update
As Tropical Storm Henri approached Rhode Island on Aug. 22, homeowners cleared their porches of furniture and battened down the hatches, fearing the havoc...
FM Global among insurers facing COVID-19 lawsuits
The lawsuits against Johnston-based FM Global started to pile up shortly after the COVID-19 pandemic took hold in the U.S., shutting down large sectors...
R.I. mortgage delinquency dips in June
PROVIDENCE – Mortgage delinquency in Rhode Island continued to remain below 2020 rates in June.
The share of mortgages overdue by 30 days or more...
Federal Reserve: Main Street Lending Program borrowers had higher-than-average credit risk
PROVIDENCE – The small and midsized businesses that borrowed money through the Federal Reserve’s pandemic loan program were more likely to default on payments...
Report: R.I. revenue $22M above budget in July
PROVIDENCE – The state is starting out the fiscal year with a bang, bringing in $22 million more in revenue than expected in July,...
R.I. Treasury, RIDE, R.I. Foundation award $50K grant for financial literacy...
PROVIDENCE – The R.I. Office of the General Treasurer in partnership with the R.I. Department of Education and the Rhode Island Foundation announced a...
R.I. Infrastructure Bank refinancing returns $6.4M
PROVIDENCE – The Rhode Island Infrastructure Bank recently announced it has saved $6.4 million under a refinancing of bonds for municipal and quasi-public organization...
Webster Bank finances $11.2M loan to South County Health
PROVIDENCE – Webster Bank recently provided an $11.2 million leasehold mortgage to South County Health, according to a news release.
The 17-year loan will help...
Citizens to buy Calif. capital markets firm for $149M
PROVIDENCE – Citizens Financial Group Inc. has entered into a definitive agreement to purchase JMP Group LLC, a capital markets firm, for roughly $149...
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