Tag: Bank Rhode Island
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...
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 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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