Financial Services

R.I. suspends license of sub-prime lender

PROVIDENCE – The R.I. Department of Business Regulation has suspended the license of Mortgage Lenders Network USA Inc. as part of an ongoing investigation...

CBRE | Melody arranges $12.45M loan for 3 Davol Square

CBRE | Melody, the real estate investment banking division of CB Richard Ellis, today announced it has arranged $12.45 million in 10-year, fixed-rate financing...

BankRI profits drop 19% but Wash. Trust’s grow

The state’s two largest independent banks last week reported their 2006 financial results, offering sharply different outlooks: While The Washington Trust Co. reported an...

SBA pushes to revive tax credit

Small-business advocates and the U.S. Small Business Administration have made it a priority this year to persuade the General Assembly to reinstate the SBA...

BankRI profits drop 19% in 2006, to $7.7M

Bancorp Rhode Island, the parent of Providence-based Bank Rhode Island, today reported a 19-percent year-to-year drop in earnings. BankRI reported $7.7 million in net income...

Towerstream stock to trade on NASD’s OTCBB

MIDDLETOWN – Towerstream Corp. today said its common stock will trade on NASD's OTC Bulletin Board, under the symbol TWER, beginning with the market’s...

Washington Trust net income rises 8.7% in ’06, to $25M

WESTERLY – Washington Trust Bancorp Inc., parent of The Washington Trust Co., today announced fourth-quarter 2006 net income of $6.2 million, or 45 cents...

2 new members named to Beacon Mutual board

WARWICK – Raymond C. Coia and Michael J. Ruggieri, both of Cranston, have been named to the board of directors of The Beacon Mutual...

R.I. Foundation decides to wield its investment muscle

It's called shareholder activism. From setting recycling goals to removing genetically engineered ingredients from foods to requiring disclosure of political donations, investors have been making...

It’s about more than accounting

There is more to being a good accountant than accounting. At least that's the message that Bryant University had been getting from employers. In response,...
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