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Report: BofA drops to No. 2 in R.I. market share after...

PROVIDENCE – While other banks’ in-state deposits have remained relatively stable, Bank of America Corp.’s total Rhode Island deposits dropped by $5.4 billion as...
RHODE ISLAND banking institutions' assets increased 29% year over year at the end of the second quarter. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

FDIC: R.I. banking assets increase 29% Y/Y in Q2

PROVIDENCE – Rhode Island banking institution assets increased 28.9% year over year to $174.1 billion in the second quarter of 2019, according to the...

BankRI finances largest oceanfront hotel on Martha’s Vineyard

PROVIDENCE – Bank Rhode Island recently finalized a $12.5 million loan to refinance the Summercamp Hotel on Martha’s Vineyard.Formerly the Wesley Hotel, Summercamp is...

Brookline Bancorp reports second-quarter dip in profit

PROVIDENCE – Bank Rhode Island’s holding company Wednesday reported a 2% decrease in profit in the second quarter compared with the same period last...

Bank Rhode Island hires Brito as new manager for business banking

PROVIDENCE – Bank Rhode Island has hired Joseph Brito as vice president/business banking relationship manager, the bank announced.Brito’s duties include developing and maintaining commercial...

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...
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