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Monday, November 19, 2018
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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...
BANK RHODE ISLAND MADE a $3.4 million loan to help turn this building, at 259 Weybosset St., in downtown Providence, into six residential apartment units. /COURTESY BANK RHODE ISLAND

BankRI helps finance downtown apartment project with $3M loan

PROVIDENCE – Bank Rhode Island made a $3.4 million loan to help turn a downtown Providence building into apartments.The loan, made with Weybosset LLC,...
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.

BankRI parent, Brookline Bancorp, reports 2Q profit increase to $15.6M

BOSTON – Brookline Bancorp Inc. on Wednesday reported second-quarter profit grew 16.9 percent to $15.6 million, or 20 cents per diluted share, compared with $13.4...
THE SOPHIA ACADEMY welcomed six new board members for the 2017-2018 fiscal and academic year, while bidding farewell to three outgoing board members, during its closing-of-the-year meeting.

Sophia Academy announces new board members

PROVIDENCE – During its closing-of-the-year meeting, Sophia Academy bid farewell to three outgoing board members and welcomed six new members for the 2017-2018 fiscal...
BANK RHODE ISLAND this month provided a $1.3 million mortgage to help fund the acquisition of an apartment building on the East Side of Providence at 132 Elton St. /COURTESY BANK RHODE ISLAND

BankRI provides $1.3M mortgage to help finance apartment building acquisition

PROVIDENCE – Bank Rhode Island this month provided a $1.3 million mortgage to help fund the acquisition of an apartment building on the East...
BANK RHODE ISLAND recently provided $6 million to finance the acquisition of two properties in downtown Newport. The financial packages were made with Mortgage Acquisition Associates LLC and Swinburne Row Retail LLC.

BankRI provides $6M to finance acquisition of Newport properties

NEWPORT – Bank Rhode Island recently provided $6 million to finance the acquisition of two properties in downtown Newport.The financing packages were made with...
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