Financial Services

TANDEM APPROACH: Mark K. W. Gim, president and chief operating officer of The Washington Trust Co., said focusing on operating physical branch locations in tandem with digital offerings allows the bank to maintain its customer flow.
 / PBN FILE PHOTO/MICHAEL SALERNO

Customers still want brick-and-mortar banking

It started with drive-through banking lanes. Then it was automated teller machines – ATMs. Hailed as the future of banking, many thought the days...

How private equity and venture capital firms can improve internal tax...

Private equity and venture capital fund activity comes with time-intensive tax reporting requirements, from managing the completion and delivery of the Schedule K-1 to...

Bank stress tests are too easy

Stress tests for the country’s largest banks have never been as tough as they need to be. For one, they don’t capture important second-round...
CITIZENS BANK of Providence moved up to score the highest financial rating from BauerFinancial Inc., as did Bank of America and Webster Bank. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Bauer upgrades ratings of BofA, Citizens Bank

PROVIDENCE – Rhode Island’s two largest consumer banks – Bank of America N.A. and Citizens Bank N.A. – improved their financial strength ratings, according...

Citizens launches digital banking services to ease homebuying process

PROVIDENCE – Citizens Bank has launched three new digital banking services it says were designed to make “the total homebuying experience more seamless and...

Five Questions With: Anne Horvath

Anne Horvath has been in the mortgage industry since 1995. She started as a loan originator and has worked as a manager or vice...

R.I. man charged with defrauding investors in Ponzi scheme

PROVIDENCE – David Wagner of East Greenwich and Downing Partners LLC and its subsidiaries have been charged with defrauding investors out of millions of dollars.Separate...

Weston appointed trust officer for Plimoth Investment Advisors

SWANSEA – Plimoth Investment Advisors has named David T. Weston as the firm’s trust officer, whose duties involve serving as clients’ “primary relationship officer,...

HarborOne Bank names Goedken as senior VP and chief information officer

PROVIDENCE – HarborOne Bank has named veteran technology solutions expert Brad Goedken as senior vice president and chief information officer.In his new role, he...
HAIL DAMAGE COSTS in the United States have elevated significantly since 2008. / BLOOMBERG NEWS

FM Global and others identify increasing hail damage costs since 2008

BOSTON – In 2008, the year the stock market crashed and Barack Obama won the presidency, the United States was hit with a weather...
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