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At least 5 R.I. banks to offer low-interest loans via Main...

PROVIDENCE – Five banks with locations in Rhode Island have confirmed to Providence Business News that they will participate in the Main Street Lending...

Citizens Bank ranked among top 15 PPP lenders nationwide

PROVIDENCE – Citizens Bank ranked among the top 15 lenders to participate in the U.S. Small Business Administration’s Paycheck Protection Program, according to a...
PEG LANGHAMMER, executive director for Day One, has been named the Career Achiever for Providence Business News' 2020 Business Women Awards program. / PBN SCREENSHOT

2020 PBN Business Women Awards: Langhammer hopes current time brings ‘deep...

PROVIDENCE – While working from home for months due to the ongoing COVID-19 pandemic, Peg Langhammer has had a lot of time to reflect...

PBN announces 2020 40 Under Forty winners

PROVIDENCE – Forty young professionals have been chosen as the winners of Providence Business News’ 16th annual 40 Under Forty program, and will be...
DENIED: Elyse Farnsworth, owner of Arrow Salon in Providence, tried to apply through Bank of America for a Paycheck Protection Program loan but was turned down because she did not have a line of credit with the bank. / PBN PHOTO/MICHAEL SALERNO

Certain businesses left behind in dash for stimulus loans?

Elyse Farnsworth was eagerly awaiting the rollout of the U.S. Small Business Administration’s Paycheck Protection Program. The hair stylist and owner of Arrow Salon LLC...
BANK OF AMERICA posted a $4 billion profit in the first quarter of 2020, reflecting a sharp increase in funds set aside for bad loans. AP FILE PHOTO/STEVEN SENNE

BofA posts $4B Q1 profit, builds funds anticipating bad loans

PROVIDENCE - Bank of America Corp. reported a 45% drop in first-quarter earnings driven by a new $3.6 billion reserve build for bad loans...

What bank customers need to know: COVID-19 edition

PROVIDENCE – From reducing branch hours to deferring loan payments, banks across the state and the country are changing practices and policies in response...

Webster, Citizens named to Forbes’ 2020 Best Banks list

PROVIDENCE – Two local banks earned spots on Forbes’ 2020 America’s Best Banks list. Connecticut-based Webster Bank and Citizens Bank, in Rhode Island, both were...
Kevin Tracy

Tracy elected chair of Northern R.I. Chamber of Commerce

KEVIN TRACY is the newly elected chairman of the Northern Rhode Island Chamber of Commerce. Tracy, who is a graduate of Brown University and...
THE TOP six banks in the U.S. saved $18 billion collectively due to their average effective tax rate falling to 18% in 2019 from the 30% average prior to the Republican tax overhaul of 2017. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

Trump tax cut hands $32B windfall to America’s top banks

NEW YORK – Savings for the top six United States banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32...
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