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Wednesday, September 19, 2018
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KEB BRACKENBURY is senior vice president and director of commercial real estate lending at Bank Rhode Island. / COURTESY BANK RHODE ISLAND

Five Questions With: Keb Brackenbury

Keb Brackenbury is senior vice president and director of commercial real estate lending at Bank Rhode Island. He talks with Providence Business News about...
BUILDING EQUITY: Steven Parente, senior vice president and director of retail banking for Bank Rhode Island, says the loss of the interest deduction for home equity loans is not expected to impact the volume or interest in such loans, as more people are expected to take the increased standard deduction in 2018. / PBN PHOTO/RUPERT WHITELEY

Lenders still touting home equity loans

The new federal tax code eliminated an interest cost deduction that helped to make home equity a popular source for borrowing.But the loss of...
BANK RHODE ISLAND recently provided $1.6 million to help Newport Development Associates LLC to purchase a retail property, above, at 144 Thames St. in Newport. / COURTESY BANK RHODE ISLAND

Bank Rhode Island provides $1.6M for purchase of Newport building

NEWPORT – Bank Rhode Island recently provided $1.6 million to help finance the purchase of a retail property in Newport.The loan was made with...
BOSTON-BASED BROOKLINE BANCORP, parent of Bank Rhode Island, reported fourth-quarter and full-year earnings that were negatively impacted by the federal tax overhaul.

Brookline Bancorp 2017, 4Q profit fall after new tax law

BOSTON – Brookline Bancorp Inc. suffered a $9 million noncash charge on deferred tax assets stemming from the federal tax overhaul, depressing both full-year...
FOR THE 20TH YEAR, Bank Rhode Island’s annual Holiday Giving Tree program has helped to brighten the season for underprivileged children, providing more than 1,500 gifts to kids across the state. The bank’s West Shore Road branch in Warwick led the charge, collecting 296 gifts for children served by the Boys & Girls Clubs of Warwick. From left: Monique Rossi, Boys & Girls Clubs of Warwick; Lori Lepizzera, Buttonwoods assistant branch manager, BankRI; Alexander Jackson, universal banker, BankRI; Ashley Wilson, senior teller, BankRI; Paula Pratt, Buttonwoods branch manager, BankRI; Christopher Metcalf, teller supervisor, BankRI; and Nicole Spirito, Boys & Girls Clubs of Warwick, with gifts earmarked for local children. / COURTESY BANK RHODE ISLAND

BankRI celebrates 20th year of Holiday Giving Tree program

PROVIDENCE – This year Bank Rhode Island celebrated the 20th anniversary of its Holiday Giving Tree program by donating more than 1,500 gifts to...
THE FEDERAL HOME Loan Bank of Boston recently announced it partnered with BankNewport and Bank Rhode Island to provide $1.8 million in grants and loans to support affordable housing in the Ocean State.

FHLB provides $1.8M for affordable housing in Rhode Island

PROVIDENCE – The Federal Home Loan Bank of Boston last week announced it provided $1.8 million in grants and loans to support affordable housing...
THE URBAN GREENS Food Co-op grocery store will be one of two buildings as part of a mixed-use construction project at 93 Cranston St. in Providence, which recently received a $4.5 million loan from Bank Rhode Island to finance the project. / RENDERING COURTESY URBAN GREENS

Bank Rhode Island makes $4.5M loan for mixed-use project in Providence

PROVIDENCE – Bank Rhode Island recently made a $4.5 million loan to help finance a 41,375-square-foot mixed-use construction project in Providence.The bank made the...
CITIZENS BANK MAINTAINED its status as the bank with the largest percentage of deposits in the region, according to the latest FDIC data. /PBN FILE PHOTO/NICOLE DOTZENROD

Citizens Bank grows share of deposits in the region

PROVIDENCE –Citizens Bank N.A. cemented its position as the bank in the region with the highest market share of deposits on June 30, according...
BROOKLINE BANCORP.Brookline Bancorp Inc., parent of Bank Rhode Island, has agreed to pay $56 million to acquire First Commons Bank.

Bank Rhode Island parent to acquire Massachusetts bank for $56M

BOSTON – Brookline Bancorp Inc., parent of Bank Rhode Island, has agreed to pay $56 million for a Massachusetts bank, a move it projects...
GENERAL TREASURER Seth Magaziner, left, celebrates moving $15 million in state deposits to local banks and credit unions at Budare Grille in Central Falls in August./ COURTESY R.I OFFICE OF THE GENERAL TREASURER

Rhode Island moves $15M in deposits to local banks, credit unions

PROVIDENCE –  The state has moved $15 million in deposits to local banks and credit unions as part of an initiative to spur small-business...
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