Tag: Bank Rhode Island
Banks adjust as borrowing costs climb
In early 2022, Rhode Island’s banks were still operating in an environment defined by abundant liquidity and historically low interest rates.
COVID-19 pandemic-era stimulus programs...
SEC filing of the week: Beacon Financial Q2 profit doubles as...
BOSTON – Beacon Financial Corp. reported second-quarter profit more than double its earnings from a year earlier on Wednesday as the bank continued operating...
SEC filing of the week: Beacon Financial Q1 profit rises to...
BOSTON – Beacon Financial Corp. reported first-quarter profit of $46.2 million on April 29, up 142% from $19.1 million in the same period a...
BANKS, BUSINESS, BIOTECH: William Tsonos has emerged as a key influencer...
William C. Tsonos has spent years climbing the ranks of Rhode Island banking, and now he’s taking on an additional role outside the industry...
Beacon Bank invested $2.6M in nonprofits in 2025
PROVIDENCE – Beacon Bank and its foundation invested more than $2.6 million in 2025 to support more than 650 nonprofit organizations across Rhode Island and...
Beacon Bank rebrand now complete across all 4 merged institutions
PROVIDENCE – Beacon Financial Corp. on Monday announced that its four acquired banks are now fully operating under the Beacon Bank brand, creating one...
Five Questions With: William C. Tsonos
5Q: William C. Tsonos
Rhode Island region president, Beacon Bank
Former CEO and president, Bank Rhode Island
(Editor’s note: Beacon Financial Corp. was formed on Sept. 2,...
SEC filing of week: Beacon Financial Corp. reports $53.4M profit in...
BOSTON – Beacon Financial Corp., the regional bank created in September 2025 through the merger of Berkshire Hills Bancorp Inc. and Brookline Bancorp Inc....
Washington Trust CEO eyes stronger margins in 2026
WESTERLY – Washington Trust Bancorp Inc., the parent of The Washington Trust Co., is poised for higher profitability in 2026 as a costly interest...
BankRI officially changing name to Beacon Bank following merger
PROVIDENCE – Bank Rhode Island, better known as BankRI, will officially rebrand as Beacon Bank on Feb. 9, the latest step in the merger...
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