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R.I. GENERAL TREASURER Seth Magaziner penned a letter to Rhode Island's lenders, urging them to process Paycheck Protection Program loan applications for all qualified small businesses in Rhode Island, not just for existing customers. / PBN FILE PHOTO/MICHAEL SALERNO

Magaziner: Lenders shouldn’t turn away ‘orphaned’ businesses from $349B emergency program

PROVIDENCE – R.I. General Treasurer Seth Magaziner is urging Rhode Island banks, credit uniosn and other lenders to stop turning away some small businesses...
THE WASHINGTON TRUST CO. is one of the lenders preparing for heavy demand from small businesses looking to participate in the federal Paycheck Protection Program, starting Friday. / PBN FILE PHOTO/SCOTT KINGSLEY

Stressed local bankers brace for overwhelming demand for new SBA loans...

PROVIDENCE – Local bankers are expecting an onslaught of demand from struggling small businesses looking to get a piece of the nearly $350 billion...

R.I. banks say they are ready to weather the coronavirus storm

PROVIDENCE – Plunging stock markets. Near-zero interest rates. An economic slowdown, social distancing and self-quarantines. Any one of these alone could spell trouble for...

What bank customers need to know: COVID-19 edition

PROVIDENCE – From reducing branch hours to deferring loan payments, banks across the state and the country are changing practices and policies in response...
UNITED WAY OF Rhode Island and the Rhode Island Foundation have established the Rhode Island COVID-19 Response Fund to assist nonprofits during the coronavirus outbreak.

United Way, R.I. Foundation create COVID-19 response fund to help nonprofits

PROVIDENCE – In an effort to help nonprofits with direct-service programs impacted by the COVID-19 pandemic, the United Way of Rhode Island and the...
UNITED WAY OF RHODE Island will hold its inaugural 401Gives Day April 1, with the goal to raise $1 million for nonprofits in the Ocean State.

United Way’s upcoming 401Gives Day seeks to raise $1M

PROVIDENCE – The United Way of Rhode Island will launch a statewide campaign early next month to help raise significant funds for nonprofits across...

Magaziner highlights BankLOCAL success

PROVIDENCE – Rhode Island’s BankLOCAL program has offered 348 small-business loans and moved $37.5 million in cash deposits to state banks and credit unions...

Centreville Bank to open Providence loan office

WEST WARWICK – Centreville Bank is expanding to Providence. The local bank recently announced plans to open a commercial loan office at 66 South Main...

Five Questions With: Nayeli Munrayos

Nayeli Munrayos was recently promoted to mortgage loan originator for Centreville Bank after 13 years at the company. PBN: You were recently promoted to...

Centreville Bank awards $202,500 in grants to 6 R.I. organizations

WEST WARWICK – The Centreville Bank Charitable Foundation issued $202,500 in grants to six Rhode Island organizations, according to a news release. “Centreville Bank prides...
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