Monday, April 19, 2021

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Centreville Bank donates $157K to R.I. and Conn. community organizations

WEST WARWICK – Centreville Bank recently donated $157,300 in grants through the Centreville Bank Charitable Foundation to eight organizations across Rhode Island and Connecticut,...
DUE DILIGENCE: BayCoast Bank Chief Information Officer Dan DeCosta says banks need to exercise caution, so as not to rush out new technology that creates more problems than solutions. / PBN PHOTO/RUPERT WHITELEY

Banking pushed further onto web, mobile devices

The financial sector long ago embraced online banking, but the coronavirus crisis has boosted use of the technology to new levels. Financial institutions reported an...

PBN announces 2020 40 Under Forty winners

PROVIDENCE – Forty young professionals have been chosen as the winners of Providence Business News’ 16th annual 40 Under Forty program, and will be...

Local lenders report slowdown in PPP applications but increased anxiety over...

PROVIDENCE – The flood of applications from small businesses desperate for payroll relief has slowed to a trickle, local lenders say. But while demand for...

Regulatory approvals received for pending Centreville Bank-PB Bancorp merger

WEST WARWICK – Centreville Bank and Connecticut-based PB Bancorp Inc. on April 27 announced that all regulatory approvals relating to Centreville’s acquisition of PB...

Centreville Bank sponsors financial literacy bee for students

WEST WARWICK – Centreville Bank is among financial institutions to sponsor a first-of-its-kind nationwide financial literacy challenge in April, according to a news release. The...

Centreville Bank awards $245,500 in grants to 14 R.I. nonprofits

WEST WARWICK – Centreville Bank, through the Centreville Bank Charitable Foundation, recently awarded $245,500 in grants to 14 Rhode Island nonprofits, according to a...

Centreville loan office delayed, JPMorgan expansion continues

PROVIDENCE – With bank branches across the state shuttering or limiting hours to minimize spread of the new coronavirus, expansion plans have also been...

PPP loan applicants start to see funding come through; lenders plan...

PROVIDENCE – Chris Bicho originally anticipated making a second round of layoffs on Friday. Amid the abrupt economic shutdown, the owner and founder of Newport-based...
WILLING PARTICIPANT: BayCoast Bank is one of lenders with a local presence that has begun accepting and processing applications for the U.S. Small Business Association’s Paycheck Protection Program. / COURTESY BAYCOAST BANK

Stressed R.I. employers jostle to receive SBA assistance

The rollout of federal relief ­programs offered a much-needed source of funding and of hope to small businesses struggling in the coronavirus pandemic. But securing...

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