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NEW DIGS: The 30,000-square-foot Ocean Sate Labs is located on the fourth floor of 150 Richmond St., Providence. The new building in the 195 District also houses the R.I. Department of Health laboratory. 
PBN PHOTO/WILLIAM HAMILTON 

Lab space could be a big draw

Rhode Island has gone all in on life sciences, but it still remains to be seen whether the millions of dollars of investment will...
MOVING IN: 
Construction worker Fabiola Roman installs drywall at a new Bank Rhode Island branch in Newport in 2023. The bank is now called Beacon Bank. Several smaller banks expanded their branch networks in Rhode Island over the last five years, while bigger financial institutions shuttered some of their branches. 
PBN FILE PHOTO/DAVID HANSEN

Banks adjust as borrowing costs climb

In early 2022, Rhode Island’s banks were still operating in an environment defined by abundant liquidity and historically low interest rates. COVID-19 pandemic-era stimulus programs...
William C. Tsonos

Driving Forces: William C. Tsonos

William C. Tsonos Beacon Bank Rhode Island market president Relationships matter in communities and business, and William C. Tsonos has spent a lifetime building them in...

Beacon Bank awards more than $600K to local nonprofits

PROVIDENCE – Beacon Bank and its foundation provided more than $600,000 in charitable funding during the second quarter to more than 180 nonprofit organizations...

SEC filing of the week: Beacon Financial Q2 profit doubles as...

BOSTON – Beacon Financial Corp. reported second-quarter profit more than double its earnings from a year earlier on Wednesday as the bank continued operating...

Beacon Bank launches annual Rhode Island food drive

PROVIDENCE – Beacon Bank has launched its annual summer food drive in partnership with the Rhode Island Community Food Bank, collecting nonperishable food at...

Beacon Bank named among America’s best regional banks

PROVIDENCE – Beacon Bank has been named one of America’s Best Regional Banks for 2026 by Newsweek, earning a five-star rating in a national...

Beacon Bank, PCF Development to host first-time homebuyer workshop

PROVIDENCE – Beacon Bank, in partnership with Pawtucket Central Falls Development, will host a free virtual workshop for first-time homebuyers on June 16 as...

SEC filing of the week: Beacon Financial Q1 profit rises to...

BOSTON – Beacon Financial Corp. reported first-quarter profit of $46.2 million on April 29, up 142% from $19.1 million in the same period a...
USEFUL SKILLS: William C. Tsonos ­believes he was appointed chairman of the R.I. Life Science Hub because of his ability to bring a disciplined, process-­oriented framework to the organization. 
PBN PHOTO/MICHAEL SALERNO

BANKS, BUSINESS, BIOTECH: William Tsonos has emerged as a key influencer...

William C. Tsonos has spent years climbing the ranks of Rhode Island banking, and now he’s taking on an additional role outside the industry...
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