Financial Services

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,...

Warwick to join free BCBSRI wellness plan

WARWICK – Mayor Scott Avedisian Friday announced the city will participate in Blue Cross & Blue Shield of Rhode Island’s MuniBlue health-management service.Under...
TOMAS AVILA leads a class at the R.I.
Small Business Development Center to help Hispanics launch or expand their companies. /

‘Primer Paso’ a first step for Hispanic firms

Latinos are the fastest-growing segment of Rhode Island entrepreneurs. To get a sense of the issues they face, Providence Business News is...
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