Magaziner highlights BankLOCAL success

THE BANKLOCAL initiative started by R.I. General Treasurer Seth Magaziner has moved $37.5 million in cash deposits to state banks and credit unions, helping them provide 348 small-business loans in the last three years. / COURTESY R.I. OFFICE OF THE GENERAL TREASURER
PROVIDENCE – Rhode Island’s BankLOCAL program has offered 348 small-business loans and moved $37.5 million in cash deposits to state banks and credit unions in the last three years, according to a news release from the R.I. Office of the General Treasurer. The program, launched three years ago by Treasurer Seth Magaziner, moves deposits into…

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