Saturday, September 18, 2021

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Financial Services

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...
POLICY ­­PERUSAL: Mary Caruso, left, director of business development at Carey, Richmond & Viking Insurance Agency in Middletown, talks with CaraMarie Costa, personal insurance account manager. / PBN PHOTO/ELIZABETH GRAHAM

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...
LEGAL TARGET: FM Global, an international commercial property insurance company based in Johnston, has been sued by numerous companies arguing that the insurer should pay for COVID-19 related-losses. / COURTESY FM GLOBAL

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 FINANCIAL GROUP has agreed to acquire the San Francisco-based capital markets firm JMP Group for roughly $149 million. Citizens' downtown Providence headquarters is pictured above. / PBN FILE PHOTO/NICOLE DOTZENROD

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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