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HarborOne Bank completes conversion and stock offering

PROVIDENCE – HarborOne Bank’s holding company has completed its conversion to a fully public stock holding company, as well as a related stock offering.HarborOne...
HARBORONE BANK's holding company reported a double-digit increase in net income in the second quarter, bolstered by the acquisition of Warwick-based Coastway Community Bank.

HarborOne reports double-digit increase in quarterly profit

PROVIDENCE – HarborOne Bank’s holding company reported Thursday a 54% increase in net income in the second quarter compared with the same period last...
HARBORONE BANK CEO James Blake said the company plans to raise up to $300 million in stock offering this spring. / COURTESY/ HARBORONE BANK

HarborOne Bank aims to raise up to $300 million in stock...

PROVIDENCE – HarborOne Bank’s holding company, which bought Rhode Island's Coastway Community Bank last fall, plans to raise between $200 million and $300 million...
IMPROVED PERFORMANCE: Stephen J. White, president and CEO of Westerly Community Credit Union, said the credit union’s net worth has improved since 2011 and it has had “very low delinquency” on loans in recent years.
 / PBN PHOTO/MICHAEL SALERNO

Strong ratings for banks, credit unions

Looking down the federal government’s list of failed banks since 2000, it’s hard to believe there was ever a banking crisis in New England...

Report: Bank of America takes lead in bank deposits within Rhode...

PROVIDENCE – Rhode Island consumer banking has become a little less local, as Charlotte, N.C.-based Bank of America now has the most in-state deposits,...

Five Questions With: James W. Blake

James W. Blake is CEO of Brockton-based HarborOne Bancorp Inc., parent company of HarborOne Bank, with branches in southeastern Massachusetts and Rhode Island. The...
FDIC statistics released Thursday show that Rhode Island banks and their counterparts nationwide are having a stellar year, boosting collective profits by 25 percent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

R.I. banks having a stellar year, FDIC report shows

PROVIDENCE – Bolstered by a large cut in the corporate tax rate, United States banks collectively are on a financial roll, and the nine...
EXPERIENCED LEADER: Barbara Fields has served as the executive director of the R.I. Housing and Mortgage Finance Corp. since January 2015. She previously was the New England regional administrator for the U.S. Department of Housing and Urban Development and the director of the Local Initiatives Support Corp. in Providence.  / PBN PHOTO/RUPERT WHITELEY

The state needs a stronger affordable-housing law, says R.I. Housing. Executive...

R.I. Housing and Mortgage Finance Corp. is celebrating its 45th anniversary this year in a position of financial strength, says Executive Director Barbara Fields.It...
PERFECT FIT: William A. White, president and CEO of Coastway Community Bank, meets with Katie MacDonald, left, marketing manager, and Jeanette Fitz, chief financial officer. Coastway will partner with HarborOne, which has agreed to acquire Coastway in a deal expected to close this year. / PBN FILE PHOTO/RUPERT WHITELEY

Five Questions With William A. White

William A. White | President and CEO, Coastway Community Bank1. HarborOne has agreed to acquire Coastway, a deal expected to close this year. How...

SBA-backed loans in R.I. decline in first half of fiscal 2018

PROVIDENCE — Halfway through the current fiscal year, the U.S. Small Business Administration has guaranteed 7.5 percent less in loans to local businesses, even...
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