NewportFed plans Westerly branch
NEWPORT – Newport Federal Savings Bank – otherwise known as NewportFed – has agreed to open a standalone bank branch at the future site...
WashTrust finances bus purchase
WESTERLY – The Washington Trust Co.’s commercial lending group recently provided financing to G. DiCostanzo Inc., which operates as Flagship Trailways Bus Lines in...
Citizens picks new ad firm after search
PROVIDENCE – Citizens Financial Group Inc. recently selected Ogilvy & Mather as its new advertising agency after a two-month search.
Boston-based Arnold Worldwide had handled...
Citizens customers called late in IT snafu
PROVIDENCE – An unlucky group of Citizens Financial Group Inc. customers got automated calls from the bank in the middle of the night before...
Citizens parent is worst FTSE stock of ’09
LONDON – Royal Bank of Scotland Group Plc, the parent of Providence-based Citizens Financial Group Inc., was the worst-performing stock in the FTSE 100...
Health care end game must have Medicare component
I can certainly excuse my business brethren for having trouble keeping up with the health reform debate still unfolding in Washington, D.C. It is...
Insurance companies help carless families
Amica Mutual Insurance Co., Enterprise Rent-a-car, Esurance, and Progressive Insurance recently presented rehabilitated vehicles to four deserving families in a ceremony at the Connecticut...
Astro-Med to launch new products after 3Q profit
WEST WARWICK – Specialty-electronics maker Astro-Med Inc. said its earnings continued to improve from August through October as the company weathered the double-digit decline...
CFA: Creative financing helping firms survive
Asset-based borrowing and factoring (lenders’ buying of debt), two often-overlooked financing tools, can help a company obtain the capital it needs to stay in...
Distressed sales can hurt banks more than seller
If you are employed, comfortable in your home and happy with your neighborhood, the fact your house is worth less than your mortgage could...