Financial Services

'WE THANK all of our shareholders for their continued confidence in the board as well as in BancorpRI?s long-term prospects,' BancorpRI President and CEO Merrill W. Sherman said in a statement after the bank's annual meeting. /

A victory for BankRI’s leadership

Exhaling after months under the gun, top executives and board members of Bancorp Rhode Island, the parent company of Bank Rhode Island, said last...
HOMEOWNER Eleanor Martin, who managed to escape an ARM whose payments would have risen beyond her means, spoke at U.S. Sen. Jack Reed's unveiling of legislation to expand federal foreclosure-prevention services. /

Reed unveils bill to help homeowners in trouble

In response to climbing foreclosure rates in Rhode Island and around the nation, U.S. Sen. Jack Reed has helped to create HOPE, in the...

Report touts economic, social impact of hospitals

A doctor at the Department of Veterans Affairs Medical Center in Providence takes it upon herself to help an Iraq War veteran who’s become...

Bay State foreclosures up 355%<br> as home sales slow

As the housing market in Massachusetts continued to weaken, foreclosure auctions rose 355 percent in April to the highest level in years, according to...

Fed: Few banks tighten prime lending standards

A “relatively small” number of banks tightened lending standards for prime mortgages in the three months to April, according to a Federal Reserve survey....

Hasbro uses call option on Lucas warrants

PAWTUCKET – Hasbro Inc. has exercised its call option to repurchase all of the outstanding warrants for Hasbro’s common stock currently held by Lucasfilm...
THIS WELCOME BUILDING greets cruise ship passengers arriving in Nassau. Its broad porch, metal roof and bright colors are typical of Bahamian architecture. /

With the door open, opportunity knocks

Fourth and final in a series on a four-day trade mission to the Bahamas.NASSAU, the Bahamas – “It’s been an interesting trip,” said John...
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Nasdaq stays its de-listing of Kopin shares

TAUNTON – Nasdaq has agreed to stay its de-listing of the Kopin Corp. (Nasdaq: KOPN) until the company’s situation can be reviewed by...
'WE ARE GRATEFUL that our shareholders and two of the nation's leading corporate governance firms recognize the board's track record,' said BancorpRI president and CEO Merrill W. Sherman. /

Shareholders elect BancorpRI board nominees

PROVIDENCE – Bancorp Rhode Island Inc. (Nasdaq: BARI), the parent of Bank Rhode Island, has announced that its estimates indicate the company’s full slate...

Housing starts rise in April as permits decline

WASHINGTON – U.S. housing starts unexpectedly rose last month while the number of building permits issued dropped to the lowest level in almost a...
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