Financial Services

Bank of America awards $30K grant to South County Habitat...

CHARLESTOWN – Bank of America Corp. has awarded South County Habitat for Humanity a $30,000 grant to help build more affordable housing in southern...

R.I. Mortgage Bankers Association helps raise $10,000 for troops

PROVIDENCE – During the recent three-day New England Mortgage Bankers Conference in Newport, the Rhode Island Mortgage Bankers Association said it helped raised nearly...
BAYCOAST BANK, one of its Rhode Island branches shown here, is one of the few banks in the area that openly court deposits from marijuana-related businesses. The Swansea, Mass.-based community bank decided to take the step nearly a year ago as more marijuana-related businesses were opening after Massachusetts began licensing recreational marijuana dispensaries, in addition to medical marijuana dispensaries previously legalized in Massachusetts and Rhode Island./COURTESY/BAYCOAST BANK

BayCoast accepts marijuana-industry deposits

Legalizing marijuana is one thing, banking on it is another. At least one bank in the area, however, is venturing into those waters –...

Marijuana businesses need banks

BayCoast Bank is setting a much-needed standard locally with its public acceptance of deposits from businesses in the burgeoning marijuana industry.The Swansea-based bank has...
PBN PHOTO/MICHAEL SALERNO

Five questions with Keith Kelly

Keith Kelly | Rhode Island market president, Citizens Bank1. What are your primary duties? A key part of the job is representing Citizens at...

DiSandro named new chair of Children’s Friend board of directors

MICHAEL DISANDRO, senior vice president and team leader of New England commercial banking for Wells Fargo Bank N.A., was recently named chairman of the...

MetLife refunds premiums, pays out claims after probe by R.I. officials

CRANSTON – Metropolitan Life Insurance Co. will continue refunding life insurance premiums it inadvertently collected after policies or coverage had expired, according to a...
FIDELITY INVESTMENTS will charge no commissions for online buying and selling of United States stocks, exchange-traded funds and options. / BLOOMBERG NEWS FILE PHOTO/VICTOR J. BLUE

Fidelity joins price war with zero commissions on online trades

BOSTON – Fidelity Investments is crashing the free-trading party, challenging rivals in a gambit to lure assets by ending commissions.The firm will offer not...
FIDELITY INVESTMENTS has lowered fees on 15 of its 22 college savings plans. / PBN FILE PHOTO/ JB REED

Fidelity Investments to reduce fees on college savings plans

BOSTON – Fidelity Investments cut fees for the majority of its college savings plans as it launched portfolios that combine active and passive money...

Five Questions With: Larry Reagan

Larry Reagan is senior vice president, director of marine and recreational lending for OceanPoint Marine Lending, a division of Middletown-based BankNewport. He is responsible...
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