Saturday, March 2, 2024

TOPICS

Financial Services

Warfield, McIntosh, McKanna promoted to partner at DiSanto, Priest & Co.

WARWICK – Jeffrey Warfield, Katie McIntosh and Melissa McKanna have each been promoted to partner at DiSanto, Priest & Co., effective Jan. 1, the...

Inflation has slowed, now the Federal Reserve faces expectations for rate...

WASHINGTON (AP) – Chairman Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected:...

FBinsure acquires 3 R.I. insurance agencies

TAUNTON – FBinsure, a locally based, independent insurance agency in partnership with broker Patriot Growth Services, has acquired three Rhode Island insurance agencies. The additions...
Margaret Hartigan co-founded Providence-based Marstone Inc. in 2013. She previously worked as a financial adviser at Merrill Lynch and as a startup entrepreneur.  / PBN PHOTO/MICHAEL SALERNO

Marstone raises $8M in series B fundraising round

PROVIDENCE – Digital finance firm Marstone has raised $8 million in its series B fundraising round, the company announced this week. The Rhode Island-based business,...

Falvey names new chief relationship officer, installs board of directors

NORTH KINGSTOWN – The Falvey Insurance Group has appointed Brad Eldridge as chief relationship officer to replace Daryl Mackay, who retired on Dec. 31...

BankRI parent company reports $75M profit in 2023, a drop of...

PROVIDENCE - Brookline Bancorp Inc., the parent company of Bank Rhode Island, on Thursday reported 2023 earnings of $75 million, down 31% compared to...
WASHINGTON TRUST Bancorp Inc., the parent company for The Washington Trust Co., says its net income for 2023 was $48.2 million compared with $71.7 million it posted in 2022. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust’s year-end profit declines 32.8% to $48.2M

WESTERLY – The Washington Trust Bancorp Inc. on Wednesday posted a profit of $48.2 million for 2023, down 32.8% from the $71.7 million it...
WEBSTER FINANCIAL Corp., parent company of Webster Bank, reported a $867.8 million profit in 2023, marking a 34.7% increase over the year prior.

Webster Bank parent sees profits rise 35% in 2023 but decline...

STAMFORD, Conn. – Webster Financial Corp., the parent company of Webster Bank, says it recorded a $867.8 million profit in 2023, marking a 34.7%...

BankNewport’s 2023 philanthropic efforts exceed $1.6M in giving, 10K service hours

NEWPORT – BankNewport contributed more than $1.6 million in giving and over 10,000 employee service hours as part of its 2023 philanthropic efforts, the...

Citizens taking submissions for Community Champion Award Contest

PROVIDENCE – Citizens Financial Group Inc. has launched its seventh annual Small Business Community Champion Award Contest, designed to honor small businesses by recognizing...
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