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Tax reform boosts profits in banking industry

You might say 2018 was the year of Trump in banking. It’s debatable whether President Donald Trump is accomplishing his campaign promise to make...

Five Questions With: Erin Mallo

Erin Mallo was recently named vice president and branch sales manager for BankNewport’s new branch in the Wayland Square neighborhood on the East Side...

UWRI names new board chair, appoints 5 new board members

PROVIDENCE – A new chair and five new members were appointed to the United Way of Rhode Island board of directors during the nonprofit’s...

Washington Trust, BankNewport appoint new branch managers

PROVIDENCE – The Washington Trust Co. has appointed Marcus Charlemagne as assistant vice president and branch manager for the new Washington Trust branch set...
HARBORONE BANK of Warwick was among six banks and business finance firms honored as exemplary lenders for small business in a recent ceremony by the U.S. Small Business Administration. Shown above are (left to right) SBA Regional Administrator Wendell Davis, HarborOne Bank Vice President Joseph Hindle, and SBA Regional Director Mark Hayward. / COURTESY/U.S. SMALL BUSINESS ADMINISTRATION

SBA honors R.I. small-business lenders of the year

LINCOLN – Four banks and two business finance firms in Rhode Island were honored as exemplary lenders to small businesses by the U.S. Small...

Report: Bank of America takes lead in bank deposits within Rhode...

PROVIDENCE – Rhode Island consumer banking has become a little less local, as Charlotte, N.C.-based Bank of America now has the most in-state deposits,...

Mechanics Cooperative Bank appoints Botelho vice president, commercial loan officer

TAUNTON – Maria T. Botelho has been appointed vice president, commercial loan officer at Mechanics Cooperative Bank, The Herald News reported Sept. 25.Botelho has...
CASH BONUS: The Washington Trust Co. said it was able to provide employees with one-time cash bonuses in January as a result of a reduction in its corporate taxes. Patricia Fernandez, left, professional flex banker at Washington Trust on Waterman Street in Providence, speaks with customer Nina Pratt of Providence.
 / PBN PHOTO/MICHAEL SALERNO

Banks say tax reform allowed for increased spending on staff, infrastructure

Many banks in Rhode Island and elsewhere have showered employees with pay raises and bonuses since President Donald Trump and fellow Republicans in Congress...
MARY E. LEACH is the executive vice president, director of consumer relationships for BankNewport. / COURTESY BANKNEWPORT

Five Questions with: Mary E. Leach

Mary E. Leach is the executive vice president, director of consumer relationships for BankNewport.At BankNewport in Middletown, Leach is responsible for overseeing all aspects...
FDIC statistics released Thursday show that Rhode Island banks and their counterparts nationwide are having a stellar year, boosting collective profits by 25 percent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

R.I. banks having a stellar year, FDIC report shows

PROVIDENCE – Bolstered by a large cut in the corporate tax rate, United States banks collectively are on a financial roll, and the nine...
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