Financial Services

R.I. banks and credit unions fare well in latest BauerFinancial...

PROVIDENCE – Nearly all banks and credit unions operating in the Rhode Island consumer market received 4 or 5 stars – the two highest...

Five Questions With: Jim Glassman

Jim Glassman is the managing director and head economist for commercial banking at JPMorgan Chase & Co., which is in the process of opening...

Finchum named head of MetLife’s auto and home business in Warwick

WARWICK – Insurance giant MetLife Inc. has named Darla Finchum as head of its Warwick-based auto and home business. Finchum had been serving in that...

BankRI provides $20M loan to finance construction of Hammetts Wharf Hotel

PROVIDENCE – Bank Rhode Island said it has procured financing to provide a $20.5 million loan to Newport-based Hammetts Wharf LLC for construction of...

Home Loan Investment Bank partners with auto dealers association

WARWICK – Home Loan Investment Bank is partnering with the National Independent Automobile Dealers Association with the goal of helping the association’s members increase...

Washington Trust reports record earnings in 2018

WESTERLY – Washington Trust Bancorp Inc., parent of The Washington Trust Co., reported Monday a year-over-year 49 percent increase in earnings in 2018, as...
A WARN notice has been filed for 59 workers at Tuition Management Services in Warwick, with an expected closing of the facility between April and August. TMS was purchased by NelNet Business Solutions in November.

Tuition Managment Services files WARN notice for 59 workers in Warwick

WARWICK - A Worker Adjustment and Retraining Notification has been filed by Tuition Management Services, based in Warwick, impacting 59 workers, according to the...
RHODE ISLAND CREDIT UNION and Alliance Blackstone Valley Federal Credit Union have announced plans to merge.

RI Credit Union and Alliance Blackstone Valley Federal Credit Union announce...

PROVIDENCE – Rhode Island Credit Union and Alliance Blackstone Valley Federal Credit Union have reached a merger agreement, the credit unions announced Friday. The merger...
HARBORONE BANK CEO James M. Blake said the bank's acquisition last year of Coastway Communty Bank in Warwick helped HarborOne to expand its year-over-year income, but $3.8 million in merger costs in the fourth quarter hampered the bank's quarterly earnings. /COURTESY HARBORONE BANK

HarborOne sees nearly 10% earnings increase in 2018

PROVIDENCE – HarborOne Bancorp. Inc., the holding company for HarborOne Bank, Friday reported a nearly 10 percent increase in earnings in 2018 from 2017,...
WEBSTER FINANCIAL CORP., the holding company for Webster Bank, reported Thursday a 41 percent jump in earnings in 2018./PBN FILE PHOTO

Webster Bank reports 41% gain in earnings in 2018

PROVIDENCE – Webster Financial Corp., the holding company for Webster Bank, Thursday reported a 41 percent jump in earnings from 2017 to 2018, driven...
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