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Bank Rhode Island names new Smithfield branch manager

PROVIDENCE – Bank Rhode Island has named Stacia Izzo manager of its Smithfield branch at 445 Putnam Pike.Izzo has been with Bank Rhode Island...

BankRI’s equipment finance business gets new leader

PROVIDENCE – Paul Vecker will succeed 50-year veteran Daniel West as president and CEO of Macrolease Corp., an equipment finance company and Bank Rhode...

BankRI provides $28.4M in financing for Cornish Associates buildings

PROVIDENCE – Bank Rhode Island has provided Cornish Associates with $28.4 million in financing for the Down City II renovations and construction.The bridge loan...

BankNewport, Freedom National Bank join R.I.’s Bank Local program

PROVIDENCE – BankNewport and Freedom National Bank have joined General Treasurer Seth Magaziner’s Bank Local program, an initiative that incentivizes banks and credit unions...
BANK RHODE ISLAND's parent company posted net income of $22.5 million in the first quarter, a 15.9% increase from the same quarter a year ago.

Bank RI parent posts 16% Q1 profit

PROVIDENCE – The parent company of Bank Rhode Island reported Wednesday that net income for the first quarter rose 15.9% from the same period...

The Surf Hotel and Gables Inn to be renovated and combined...

NEW SHOREHAM – The Gables Inn and The Surf Hotel have been bought by 32 Dodge Street Block Island OpCo LLC and will be...
BANK RHODE ISLAND, throughout the month of March, will be collecting gently used children's books at each of its 20 branches as part of its annual Book Drive. The books will be donated to Pawtucket-based nonprofit Books Are Wings. / PBN FILE PHOTO/JAMES BESSETTE

BankRI to hold annual Book Drive throughout March

PROVIDENCE – Throughout the month of March, recognized across the United States as National Book Month, Bank Rhode Island will collect children’s books at...
IMPROVED PERFORMANCE: Stephen J. White, president and CEO of Westerly Community Credit Union, said the credit union’s net worth has improved since 2011 and it has had “very low delinquency” on loans in recent years.
 / PBN PHOTO/MICHAEL SALERNO

Strong ratings for banks, credit unions

Looking down the federal government’s list of failed banks since 2000, it’s hard to believe there was ever a banking crisis in New England...
CITIZENS BANK N.A. reported net income of $1.39 billion as of Dec. 31, 2018, according to data released by the Federal Deposit Insurance Corp. on Thursday. / PBN FILE PHOTO/ELI SHERMAN

FDIC: Local banks see profit grow 38% in 2018

PROVIDENCE – More than 20 banks with branches located in Rhode Island and Bristol County, Mass., reported year-over-year increases in net income at the...

Capital Good Fund plans 2,000 loans to Rhode Islanders in...

PROVIDENCE – The Capital Good Fund is aiming to finance 2,000 loans to Rhode Islanders totaling $6 million in 2019.To meet that goal, the...
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