Financial Services

R.I. Lottery recognized for reporting

Financial Services 10/19/2009

CRANSTON – The R.I. Lottery, the state’s third largest source of revenue, has been recognized by an independent auditing association for maintaining a high...

"IT IS important to be aware that while that selling was going on, investors were also looking for opportunities to invest where the perceived risk was lower. This is what was referred to in the media as the 'flight to quality,' said Stephen Caridi, vice president of Aquila Investment Management Corp.'s Narragansett Insured Tax-Free Income Fund talks about the current state of the fund. /

Five Questions With: Stephen Caridi

Financial Services 10/19/2009

The investment fund Narragansett Insured Tax-Free Income Fund held its annual shareholder meeting earlier this month to outline its performance over the past year,...

Bryant students’ business plan honored

Financial Services 10/19/2009

SMITHFIELD – A team of Bryant University sophomores recently took first place in a business plan contest at Babson College, earning $27,500 to develop...

Union Federal sells loans at big discount

Financial Services 10/19/2009

NORTH PROVIDENCE – Union Federal Savings Bank, the battered lender owned by The First Marblehead Corp., has sold $234 million in student loans for...

A broad range of financial needs calls for a broad, comprehensive perspective. /

Aptaker new director at KLR Wealth

Financial Services 10/17/2009

Peri Ann Aptaker has been named director of KLR Wealth Management LLC, a division of Kahn, Litwin, Renza & Co. Aptaker joined the firm...

MAUREEN CODY, left, second vice president of the board of directors for the Boys & Girls Club of Taunton, and Robert McGarva, right, executive director, accept a check from Joseph T. Baptista Jr., middle, president and CEO of Mechanics Cooperative Bank, in support of the fundraising campaign. /

Mechanics sponsors event for Boys & Girls Club

Financial Services 10/17/2009

Mechanics Cooperative Bank donated $5,000 to the Boys & Girls Club of Taunton in support of the 2009 Annual Dinner and Fundraising Campaign. The...

FHLB of Boston trims budget and suspends dividend

Financial Services 10/17/2009

Local bankers are keeping close tabs on the Federal Home Loan Bank of Boston as it grapples with losses and an investment portfolio ravaged...

EDC to push for state loan guarantee

Financial Services 10/17/2009

The R.I. Economic Development Corporation (EDC) is working on a stimulus package to help small businesses, many of whom are still struggling to gain...