Magaziner receives national recognition for BankLocal program

GENERAL TREASURER Seth Magaziner, left, celebrates moving $15 million in state deposits to local banks and credit unions at Budare Grille in Central Falls in August./ COURTESY R.I OFFICE OF THE GENERAL TREASURER
GENERAL TREASURER Seth Magaziner, left, celebrates moving $15 million in state deposits to local banks and credit unions at Budare Grille in Central Falls in August./ COURTESY R.I OFFICE OF THE GENERAL TREASURER
PROVIDENCE – Rhode Island General Treasurer Seth Magaziner has received national recognition for his BankLocal program, which incentivizes financial institutions to make loans with local businesses. The NewDEAL (Developing Exception American Leaders), an organization chaired by current and former lawmakers, awarded the BankLocal program the “New Ideas: Feature of Business” Award. The organization advocates for…

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