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TAKING THE LEAD: Swansea-based BayCoast Bank is one of the few banks that has offered financial services to cannabis-related businesses in Massachusetts, and BayCoast Senior Vice President and Chief Financial Risk Officer Gary J. Vierra says the bank is doing the same in Rhode Island as retail cannabis sales ramp up.
PBN PHOTO/MICHAEL SALERNO

Many banks remain leery despite legalized cannabis

As recreational cannabis sales take off in Rhode Island, opening and running a business still isn’t exactly simple for these merchants. For one, a delayed...
PROVIDENCE BUSINESS NEWS Editor Michael Mello, right, addresses the crowd Thursday during PBN's Fastest Growing & Innovative Companies Awards ceremony at the Graduate Providence. / PBN PHOTO/MIKE SKORSKI

Organizations honored for growth, innovation at PBN’s Fastest Growing & Innovative...

PROVIDENCE – A financial institution, a construction management company, an addiction recovery organization and an insurance agency were recognized Thursday as the top earners...
LAYING DOWN THE LAW: State Sen. Joshua Miller, D-Cranston, second from right, discusses a new Rhode Island law legalizing recreational marijuana use and its retail sales. Also on one of two panels at Providence Business News’ 2022 Business of Cannabis summit on Sept. 15 are, from left, Matthew Santacroce, R.I. Department of Business Regulation interim director; and Benjamin L. Rackliffe, a partner at Pannone Lopes Devereaux and O’Gara LLC.
PBN PHOTO/MIKE SKORSKI

How to control cannabis in workplace remains tricky

The newly legalized status of recreational cannabis is causing a stir among some Rhode Island employers that are wrestling with developing workplace policies and...
MONEY TALKS: Amy Hernandez, right, manager of BayCoast Bank’s downtown Providence branch on Dorrance Street, speaks with universal banker Bianca Gouveia.  
PBN PHOTO/RUPERT WHITELEY

Record number of loans helped boost BayCoast revenue

PBN Fastest Growing Companies 2022 1. $75 MILLION AND ABOVE: BayCoast Bank CEO (or equivalent): Nicholas Christ, CEO and president 2021 Revenue: $143.3 million 2019 Revenue: $110.1 million Revenue growth:...
PROVIDENCE BUSINESS NEWS has announced 29 honorees for its 2022 Fastest Growing & Innovative Companies awards program.

PBN announces 30 honorees for 2022 Fastest Growing & Innovative Companies...

PROVIDENCE – Thirty local companies and organizations are among both the highest earners and the most innovative as part of Providence Business News’ 2022...

BayCoast Bank partners with credit card issuing company

SWANSEA – Baycoast Bank has teamed up with credit card issuing company CorServ Inc. to offer a new credit card program to its customers,...

Claudia Rocha

2022 40 Under Forty Awards Claudia Rocha, 39 Vice president and commercial loan officer, BayCoast Bank How has COVID-19 changed your industry? Ultimately, the pandemic taught...

UMasss receives $375K match from local banks for student offshore wind...

DARTMOUTH – The University of Massachusetts Dartmouth was recently awarded $375,000 in grants from three local financial institutions to match a grant from the...
PROVIDENCE BUSINESS NEWS honored 33 companies Wednesday for their revenue growth and innovation in the 2020 Fastest Growing & Innovative Companies Awards program.

Manufacturers, nonprofits, tech companies among honored in PBN’s 2020 Fastest Growing...

PROVIDENCE – Thirty-three companies were honored Wednesday by Providence Business News for their revenue growth and company innovation in the publication’s 2020 Fastest Growing...

BayCoast Bank is growing beyond its borders

PBN FASTEST GROWING COMPANIES 2020 $75M AND ABOVE 4. BAYCOAST BANK CEO (or equivalent): Nicholas Christ 2019 Revenue: $110 million 2017 Revenue: $80.7 million Revenue growth: 36.3% SWANSEA-BASED BAYCOAST...
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