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RISING UP: Developer Pennrose LLC recently broke ground on a 127-unit apartment building on Parcel 9, located next to Our Lady of The Rosary Church in the I-195 Redevelopment District. This is a rendering of the completed building as planned. 
COURTESY THE ARCHITECTURAL TEAM INC.

Long-awaited projects in I-195 district awaited no longer

When it comes to new construction, the I-195 Redevelopment District in Providence has been quiet for a while. It’s been about a year since work...
BROOKLINE BANCORP INC., the parent for Bank Rhode Island, saw its third-quarter profit decrease 24.7% year over year to $22.7 million.

BankRI parent sees profits narrow to $22.7M in Q3

PROVIDENCE – The parent company of Bank Rhode Island on Thursday posted a third-quarter profit of $22.7 million, down 24.7% from the same period...

Five Questions With: Andrew Deluski

Andrew Deluski is senior vice president for commercial real estate at Bank Rhode Island, which provides financing for the construction, refinancing, or purchasing of...
NEW DIGS: Bank Rhode Island recently opened this standalone branch on Oaklawn Avenue in Cranston. 
COURTESY BANK RHODE ISLAND/
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Branching out: In digital age, why are R.I. banks building more...

No one would blame Jack Murphy if he’s feeling a little under siege lately. As CEO and president of BankNewport, Murphy considers Aquidneck Island his...

BankRI provides $6.5M for apartment complex construction in Providence

PROVIDENCE – The Commercial Real Estate division of Bank Rhode Island recently provided $6.5 million to Washington Street Holdco LLC for the construction of...

BankRI’s food drive donates $24K, brings in 2 tons of food...

PROVIDENCE – Bank Rhode Island’s annual food drive has brought in more than 4,000 pounds worth of food for local pantries to help address...

Bank Rhode Island begins monthlong food drive

PROVIDENCE – Hunger in Rhode Island is rising as pandemic-related emergency benefits have ended and inflation has increased the costs of groceries. Bank Rhode Island...

Bank Rhode Island opens 21st location, fourth in Cranston

CRANSTON – Bank Rhode Island on July 19 celebrated the opening of its 21st location statewide, this one a full-service branch at 1340 Oaklawn...
STILL STANDING: 
There is vacant office space in downtown Providence, but people in the local commercial real estate sector say landlords and banks haven’t reached a crisis level as others have nationwide. 
PBN PHOTO/­MICHAEL SALERNO

SHAKY GROUND: Distressed office real estate could undermine banks, wider economy

The former mayor of Providence is distressed. When Joseph R. Paolino Jr. walks through the city’s financial district, he’s anxious about what he sees. He...

BankRI grants $77,200 to local nonprofits

PROVIDENCE – Bank Rhode Island recently announced it has awarded $77,200 in grants to 28 local nonprofits. The money will support initiatives focused on youth...
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