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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...
Edward O. “Ned” Handy III

Driving Forces: Edward O. Handy III

Edward O. Handy III The Washington Trust Co. chairman and CEO UNDER THE LEADERSHIP of Edward O. “Ned” Handy III, The Washinton Trust Co. has been...
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...

R.I. woman pleads guilty to operating an unlicensed money-transmitting business

PROVIDENCE – A Rhode Island woman has pleaded guilty to a federal judge of operating an unlicensed money-transmitting business that moved funds between individuals...

Woonsocket Education Center receives $50K Citizens grant for nonprofit AI training

WOONSOCKET – The Woonsocket Education Center has been awarded a $50,000 grant through Citizens Bank’s Champions in Action program to launch an artificial intelligence...

Citizens’ 2Q profit increases 34.6%

PROVIDENCE – Citizens Financial Group Inc. on Thursday posted a $587 million profit for the second quarter of 2026, up 34.6% year over year. The increase was...

America250-Enduring Success: Citizens Bank

(Editor’s note: This is the 12th installment in a weekly series featuring Rhode Island’s oldest companies as the nation approaches the 250th anniversary of...

PBN announces 2026 40 Under Forty honorees

PROVIDENCE – Forty young professionals were selected as the winners of Providence Business News’ 22nd annual 40 Under Forty Awards program. The honorees were chosen...
SMOOTH TRANSITION: Steve Bradley, talent acquisition leader at Citizens Bank, says the bank has partnered with several veteran support organizations to recruit former service members and support their transition into civilian careers.
PBN PHOTO/MICHAEL SALERNO

Banks are looking to military veterans as a workforce pipeline

Inside the Johnston offices of Operation Stand Down Rhode Island, a nonprofit supporting homeless and at-risk military veterans with housing, job training and legal...

Café S.O.U.L. receives Citizens Bank 2026 Small Business Community Champion Award

PROVIDENCE – Citizens Bank named Providence-based Café S.O.U.L. among the recipients of its 2026 Small Business Community Champion Award program on May 6, recognizing...
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