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Berkshire Bank gives to 107 nonprofits, including several in R.I.

BOSTON – Berkshire Bank, which has four locations in Rhode Island, says its foundation has made $401,190 in philanthropic investments in the first quarter...

After 65 years, Home Loan Investment Bank changes name to Shoreham...

WARWICK – Home Loan Investment Bank FSB says it has changed its name to Shoreham Bank to reflect its expansion of its financial products...

Five Questions With: Anne P. Tangen

Anne P. Tangen joined Fall River-based BankFive as its CEO and president in 2020, continuing a long career in financial services. She served in...

Some Americans have become saddled with credit card debt as rent,...

NEW YORK (AP) – While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card...

FDIC: Citizens, Bank of America see R.I. deposits decline

PROVIDENCE – Citizens Financial Group Inc. and Bank of America Corp. remain the largest banks in Rhode Island by deposits, but the amount of...
NEW DIGS: Bank Rhode Island recently opened this standalone branch on Oaklawn Avenue in Cranston. 
COURTESY BANK RHODE ISLAND/
ARTISTIC IMAGES

Branching out: In digital age, why are R.I. banks building more...

No one would blame Jack Murphy if he’s feeling a little under siege lately. As CEO and president of BankNewport, Murphy considers Aquidneck Island his...
RHODE ISLAND has the fourth-lowest share of households in the United States that use brick-and-mortar bank branches, according to a report by Upgraded Points LLC. Pictured is a Centreville Bank branch built in Warwick in 2020. / COURTESY CENTREVILLE BANK

Report: R.I. has 4th-lowest share of households in U.S. that use...

PROVIDENCE – Nearly 80% of Rhode Island residents still use brick-and-mortar banks, according to a recent report by Upgraded Points LLC. Upgraded Points provides information...

Billions stored on digital payment apps may be unprotected, CFPB warns

WASHINGTON – The Consumer Financial Protection Bureau has published a consumer advisory on digital payment apps heavily used by consumers and businesses. A CFPB analysis...
COURTESY SWEETGREEN INC.

Most-read stories on PBN.com, April 2023


1. Sweetgreen opens first R.I. location in Cranston POSTED ONLINE: APRIL 18 National restaurant chain Sweetgreen Inc. opened its first Rhode Island location. The...

FDIC recommends overhauling U.S. insurance deposit system 

NEW YORK (AP) – The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring up to $250,000 in bank...
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