Financial Services

Despite low interest rates, WashTrust officials confident for 2020

WESTERLY – Despite the challenge posed by low interest rates, The Washington Trust Co. leaders are optimistic for 2020. The bank posted a $69 million...
BROOKLINE BANCORP, Bank Rhode Island's parent company, reported nearly $88 million in profit for 2019.

Bank Rhode Island parent company reports $87.7 million profit in 2019

PROVIDENCE – Brookline Bancorp Inc., the Boston-based parent company of Bank Rhode Island, reported Wednesday a record $87.7 million profit in 2019. Year-end earnings increased...
HARBORONE BANCORP logged a $18.3 million profit in 2019.

HarborOne reports $18.3M profit in 2019

PROVIDENCE – HarborOne Bancorp Inc., parent of HarborOne bank, on Monday reported a profit of $18.3 million in 2019, a 60.3% increase year over...

State representative revives effort to cap interest on payday loans

PROVIDENCE – Rep. John J. Lombardi, D-Providence, has once again submitted legislation proposing to cap annual interest rates on payday loans. The bill submitted to...

Five Questions With: Donald M. Hartley

Donald M. Hartley is a financial adviser with LPL Financial* who was recently named an employee of a new subsidiary of BankNewport known as...

Magaziner pulls pension fund investment from assault weapon manufacturers, private-prison operators

PROVIDENCE – Rhode Island’s pension system will no longer invest in companies that manufacture assault-style weapons for civilian use or operate private, for-profit prisons,...

Analyst offers positive 2020 predictions for Citizens Financial Group

PROVIDENCE – California-based financial services firm Wedbush has increased its earnings-per-share estimates for Citizens Financial Group Inc., the parent company for Citizens Bank, according...

Washington Trust posts $69M profit in 2019

WESTERLY – Washington Trust Bancorp Inc., the parent of Westerly-based The Washington Trust Co., posted a $69.1 million profit in 2019, the company reported...
CITIZENS BANK predicts steady activity and a seller's market in its 2020 Mergers & Acquisitions Outlook. / BLOOMBERG NEWS FILE PHOTO/SCOTT EISEN

Citizens 2020 M&A Outlook projects steady activity, seller’s market

PROVIDENCE – Merger and acquisition activity among middle-market companies will hold steady or tick up slightly in the next year, with a market that...

Raimondo’s fiscal 2021 budget sees stable tax rates on banks, credit...

PROVIDENCE – State taxes on banks and credit unions won’t change in fiscal 2021, according to Gov. Gina M. Raimondo’s proposed budget. Taxes on financial...
- Featured Event -

Latest News