Thursday, March 28, 2024

TOPICS

Financial Services

Bill White, president of Coastway Credit Union (above), said the stricter rules it faces under NCUA regulation made the credit union move to become a mutual savings bank. /

Coastway votes to become savings bank

CRANSTON – Rhode Island is losing a credit union and gaining a mutual savings bank. Members of the Coastway Credit Union have overwhelmingly approved the...
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Rockland parent shows 1Q profit growth

ROCKLAND, Mass. – Independent Bank Corp. (Nasdaq: INDB), parent of Rockland Trust Co., today posted a first-quarter profit of $6.39 million, an increase of...
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R.I. Business Plan names finalists

PROVIDENCE – With the Rhode Island Business Plan Competition today announcing its 2009 finalists, six would-be businesses are one step closer to gaining at...

SEED to finance Mearthane expansion

CRANSTON – Mearthane Products Corp. has obtained $1 million in refinancing from Taunton-based SEED Venture Finance LLC to restructure the company’s balance sheet and...

NBIC to write policies in New Jersey

PAWTUCKET – Narragansett Bay Insurance Co. is moving into new territory. The Pawtucket-based specialty property and casualty insurer says its have been granted a license...

RISD VP of finance taking Oregon job

PROVIDENCE – Rhode Island School of Design’s executive vice president of finance and administration is leaving for a similar job in Oregon. RISD has announced...

Junior Achievement offering financial education

PROVIDENCE – Junior Achievement has created two new series of free, downloadable teaching tools designed to help both teachers and parents talk to young...

Summer Infant warrants expire

WOONSOCKET – Summer Infant Inc.’s publicly traded warrants (NASDAQ: SUMRW) expired on April 20 at 5 p.m., the Woonsocket-based company has announced. “The expiration of...
"On the consumer side, our well-meaning politicians who believed that homeownership was a right instead of an earned privilege, watered down the lending requirements of one of the nation's largest residential mortgage buyers, enabling borrowers who previously would not have qualified for home mortgages to borrow vast sums of mortgage debt well in excess of their financial means," said Alan Doyle of Larew, Doyle & Associates Inc. /

Five Questions With: Alan Doyle

Some finance industry analysts have predicted that there will be a wave of commercial real estate defaults in the coming years as borrowers struggle...

R.I. foreclosure Web site launches

PROVIDENCE – A subscription Web site that will track foreclosure and auction activity throughout Rhode Island officially launched today. The Web site, RI-Foreclosure.com, boasts...
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