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Saturday, February 17, 2018
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More taxpayers use direct deposit, e-File

Direct-deposit refunds nationwide this year have passed the $100 million mark, the U.S. Internal Revenue Service reports, as a growing number of taxpayers opts...

RIC gets $100,000 for student-managed fund

PROVIDENCE – A member of Rhode Island College’s Class of 1989, who wishes to remain anonymous, has donated $100,000 to establish a student-managed investment...

Bank loans help create 588 R.I. jobs

In 2005, both Citizens Bank and Sovereign Bank created low-interest loan programs for New England businesses looking to add jobs. Today, after a combined...
HOOD MARINA in Portsmouth is to be transformed into an upscale 'marina village'   with 1,495 slips and 988 housing units. /

Blighted waterfront land to become marina village

O’Neill Properties Group, the owner of Portsmouth’s Carnegie Abbey Club, has bought 44.5 acres of “environmentally scarred” property along the town’s waterfront and plans...
George de Tarnowsky, executive director of the Central Rhode Island Development Corporation, said funding for CRIDCO has dried up. /

Lack of funds shuts down key Central R.I. resource

Municipalities simply do not have enough money in their budgets to support the Central Rhode Island Development Corporation. That’s the short answer to why...
MOSHASSUCK SQUARE is within walking distance of both the State House and the East Side of Providence. /

Moshassuck Square sold for $10M to Boston firm

A Boston developer and major landlord said last week that he is buying the Moshassuck Square Apartments in Providence for $10 million and upgrading...
CITIZENS FINANCIAL chairman and CEO Lawrence K. Fish. /

Interest trends cut into Citizens’ profits

When Citizens Financial Group announced its 2006 results March 1, it focused on the positives: a 2-percent net income increase (actually 1.7 percent) over...
CELL PHONES and other mobile devices are the newest banking channel for BofA customers. The service is due to become available in Rhode Island later this year. /

BofA sees mobile phones as the next frontier

Bank of America’s customers will soon be able to do online banking from Internet-enabled cell phones and PDAs. Last month, the bank – the nation’s...
LUZO COMMUNITY BANK started looking for a buyer two years ago because its CEO, Jose Gouveia, felt the bank could better serve its customers with a larger partner. /

BankFive adds heft with Luzo acquisition

BankFive of Fall River and Luzo Community Bank of New Bedford are similar in a few crucial ways. Both are community banks. And both...

NYSE to boost computer server capacity 60%

The New York Stock Exchange, stung by a recent computer slowdown that forced some floor brokers to complete trades by hand, plans to increase...
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