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Sunday, June 17, 2018

Financial Services

AMTROL, founded in 1946, is a maker of water heaters, pressure boosters, well tanks, chemical containers and other storage and control systems. Above, a sampling from its family of products. /

Amtrol emerges from Ch. 11 protection

WEST WARWICK – Amtrol Inc. today announced it has emerged from its Chapter 11 reorganization thanks to the closing of $128 million in exit...
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Beacon hires underwriting & loss VP

WARWICK – The Beacon Mutual Insurance Co. today named industry veteran Robert G. DeOrsey to serve as the workers’ compensation insurer’s vice president of...

Providence Equity completes sale of BlueStone TV

PROVIDENCE – Providence Equity Group has completed its sale of Witchita, Kan.-based BlueStone TV Holdings Inc. to Bonten Media Group LLC and its affiliates....
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Towerstream sets $40M stock offering

MIDDLETOWN – Towerstream Corp. (Nasdaq: TWER), a provider of fixed WiMax services, today announced an offering of $40 million in common stock. The company said...
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TriMark USA acquire S.S. Kemp & Co. of Ohio

ATTLEBORO – TriMark USA Inc., a supplier of equipment, supplies and design services to the U.S. food-services industry, has completed its acquisition of Cleveland-based...
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Citizens ranks high with customers

WESTLAKE VILLAGE, Calif. – Citizens Bank ranked fourth in the Mid-Atlantic Region in the J.D. Power and Associates 2007 Retail Banking Satisfaction Study, with...

Bernanke: Tighter mortgage standards<br> likely to prolong housing slump

WASHINGTON – “Tighter” mortgage standards in the wake of the subprime meltdown are likely to dampen the housing market for longer than policymakers had...
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Slater Fund investing $250,000<br> in URI biotech spinoff

PROVIDENCE – The Slater Technology Fund today announced $250,000 in seed funding for biotechnology startup Vitrimark Inc. Co-founded by Arijit Bose, a University of Rhode...
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Rite Aid closes on Brooks Eckerd purchase

Brooks and Eckerd pharmacies are officially part of the Rite Aid chain, the Camp Hill, Pa.-based retailer announced today. The company has closed on...
ONE FINANCIAL PLAZA, a 28-story building comprising 322,000 square feet, is located at Westminster and Exchange streets. /

One Financial Plaza sold to N.Y. venture for $66M

One Financial Plaza, a landmark skyscraper in downtown Providence, has been acquired by a New York-based joint venture for almost $66 million. Stamford, Conn.-based GE...
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