Financial Services

Webster Bank reports $383M profit in 2019

WATERBURY, Conn. – Webster Financial Corp., the parent company for Webster Bank, brought in a $382.7 million profit in 2019, an increase of 6.2%,...
BEACON MUTUAL INSURANCE CO. will distribute $6 million in dividends to policy holders in the third quarter tied to safety performance and policy size. Above, company President and CEO Brian J. Spero. / PBN FILE PHOTO/MIKE SKORSKI

Beacon Mutual to return $6M in dividends to policyholders

WARWICK – Beacon Mutual Insurance Co. on Tuesday announced it will distribute $6 million in dividend payments to its “safest policyholders,” the largest dividend...

Five Questions With: Chris Lloyd

Chris Lloyd joined JPMorgan Chase & Co. in September as health care and life sciences managing director for the Northeast. In this role, he...

JPMorgan Chase draws opposition from local climate activists

PROVIDENCE – Local environmental activists continue to push back against JPMorgan Chase & Co. for financing the fossil fuel industry. More than 20 protesters with...

HarborOne Bank seeks applicants for $100K college scholarship program

PROVIDENCE – HarborOne Bank is seeking high school student applicants for its ONECommunity College Scholarship Program, according to a news release. The annual scholarship program...

People’s Credit Union donates $1,000 to Bristol Warren Education Foundation

MIDDLETOWN – People’s Credit Union donated $1,000 to the Bristol Warren Education Foundation, according to a news release. The donation to the community-based education organization...
ROCKLAND TRUST'S parent company reported a profit of $165.2 million in 2019. / COURTESY ROCKLAND TRUST CO.

Rockland Trust parent company reports $165M profit in 2019

ROCKLAND, Mass. – Independent Bank Corp, the parent company for Massachusetts-based Rockland Trust Co., brought in a $165.2 million profit in 2019, a 35.8%...
CITIZENS BANK

Citizens reports $1.8B profit in 2019

PROVIDENCE – Citizens Financial Group Inc., the holding company for Citizens Bank brought in a $1.8 billion profit in 2019, adding $70 million, or...

Centreville Bank awards $202,500 in grants to 6 R.I. organizations

WEST WARWICK – The Centreville Bank Charitable Foundation issued $202,500 in grants to six Rhode Island organizations, according to a news release. “Centreville Bank prides...
TAX GUIDES: Anthony Scorpio speaks with Judith Giannini at Mullen Scorpio & Cerilli in Providence. The certified public accountants help small businesses apply new tax laws, such as the Qualified Income Business Deduction. / PBN PHOTO/MIKE SKORSKI

Deductions, depreciation are adding up for some small-business owners

Small-business owners in Rhode Island are taking advantage of tax credits and cuts first made available in 2018 but which are becoming more commonly...
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