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CANNABIS CONVERSATION: PBN editor Michael Mello, right, moderates a panel discussion at PBN’s The Business of Cannabis Summit at the Omni Providence Hotel on Feb. 26, featuring from left: Karyn Rhodes, of Complete HR Solutions; Mitzi Hollenbeck, of Citrin Cooperman; Benjamin L. Rackliffe, an attorney at Pannone Lopes Devereaux & O’Gara; and Kristyn Glennon, of BayCoast Bank. / PBN PHOTO/RUPERT WHITELEY

PBN panel: R.I. will legalize recreational pot eventually

Even though the General Assembly leadership is attempting to put brakes on the legalization of recreational marijuana in Rhode Island, it’s just a matter...
BENJAMIN L. RACKLIFFE, second from right, an attorney at Pannone Lopes Devereaux & O’Gara LLC, speaks during a panel discussion at Providence Business News' Business of Cannabis Summit on Wednesday in Providence. Also on the panel was, from left, Karyn Rhodes, of Complete HR Solutions; Mitzi Hollenbeck, of Citrin Cooperman; and Kristyn Glennon of BayCoast Bank. / PBN PHOTO/RUPERT WHITELEY

PBN cannabis summit: Legalized recreational pot is only matter of time...

PROVIDENCE – It’s not a matter of whether recreational marijuana will be legalized in Rhode Island, it's a matter of when. That conclusion emerged from...

SBA: Citizens, BankNewport top list of lenders to R.I. small...

PROVIDENCE – Citizens Bank was the top lender to Rhode Island small businesses through the U.S. Small Business Administration’s 7a loan program from Oct....

Five Questions With: Shannen Pavao

Shannen Pavao serves as research associate director for the Center for Marketing Research at University of Massachusetts Dartmouth, which recently announced a white paper...
BAUER FINANCIAL has released its most recent ratings of the financial strength of local banks and credit unions.

Several local banks receive top financial strength rating from Bauer Financial

PROVIDENCE – Nine local banks and 24 local credit unions were recognized with five-star ratings by Bauer Financial, according to the company this week. An...
A NEW WHITE PAPER series sponsored by BayCoast Bank has been launched by University of Massachusetts Dartmouth’s Center for Marketing Research.

UMass Dartmouth launches white paper series funded by BayCoast Bank

DARTMOUTH – University of Massachusetts Dartmouth’s Center for Marketing Research has launched a white paper series sponsored by BayCoast Bank, the university announced last...
CITIZENS BANK N.A. reported a net income of $1.4 billion through the third quarter, according to financial data from the Federal Deposit Insurance Corp. Thursday. / BLOOMBERG FILE PHOTO/SCOTT EISEN

FDIC: 16 banks within R.I., Bristol County, Mass., report profit increases...

PROVIDENCE – Sixteen banks that operate in Rhode Island and Bristol County, Mass., reported increases in third quarter year-to-date profit from 2018, while seven...

BayCoast Bank pledges $150K to develop marine tech sector

SWANSEA – BayCoast Bank has pledged a $150,000 grant over three years to help develop in southern Massachusetts a “supercluster” of businesses and institutions...

BayCoast Bank names Medeiros VP of business development

SWANSEA – BayCoast Bank has named Diane Medeiros as vice president of business development. In addition, Edward “Ted” Branco has been named to fill Medeiros’...
BAYCOAST BANK, one of its Rhode Island branches shown here, is one of the few banks in the area that openly court deposits from marijuana-related businesses. The Swansea, Mass.-based community bank decided to take the step nearly a year ago as more marijuana-related businesses were opening after Massachusetts began licensing recreational marijuana dispensaries, in addition to medical marijuana dispensaries previously legalized in Massachusetts and Rhode Island./COURTESY/BAYCOAST BANK

BayCoast accepts marijuana-industry deposits

Legalizing marijuana is one thing, banking on it is another. At least one bank in the area, however, is venturing into those waters –...

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