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Tag: Financial Services

STARKWEATHER & SHEPLEY Insurance Brokerage Inc. has acquired New Jersey-based firm AiK2 Insurance Services. AiK2 specializes in insurance for wealth and asset managers.

Starkweather & Shepley acquires N.J.-based insurance firm

Economic Activity
EAST PROVIDENCE – Starkweather & Shepley Insurance Brokerage Inc. has acquired New Jersey-based AiK2 Insurance Services, which specializes in insurance for wealth and asset...

Centreville Bank awarded naming rights to RIFC stadium

Business Services
PAWTUCKET – Four years ago, when some doubt existed if professional soccer could thrive in Rhode Island, Centreville Bank Chairman, CEO and President Harold...
AT IT AGAIN: State Rep. Karen Alzate, D-Pawtucket, says the first bill she filed this legislative session was one that would restrict payday lenders, a measure that some legislators have been trying to get passed for more than a decade. 
PBN PHOTO/­MICHAEL SALERNO

Payday lender opponents renew legislative effort

Financial Services
Advocates for payday lending reform celebrated lin 2023 when the House voted overwhelmingly for a bill they believed would finally curtail so-called “payday lenders,”...
ON THE DECLINE? The estimated annual amount of overdraft fees collected by U.S. banks and credit unions has dropped from a high of nearly $12 billion in 2019 to $5.3 billion in 2023. But the Consumer Financial Protection Bureau rule would cut further into that revenue.
SOURCE: Federal Deposit Insurance Corp. data; Federal Financial Institutions Examination Council

Bankers fight to overturn rule on overdraft fees

Financial Services
A proposed banking regulation that one federal agency says will save Americans $5 billion a year in overdraft fees is facing strong opposition from...

Citizens CEO received 20% pay bump in 2024 despite drop in...

Financial Services
PROVIDENCE – The CEO of Citizens Financial Group Inc. received a 20% increase in pay last year, despite a dip in percentage of shareholder...

Bank of America gifts $1M to Crossroads, Women & Infants Hospital

Financial Services
PROVIDENCE – Women & Infants Hospital and Crossroads Rhode Island are the beneficiaries of $1 million in grants from Bank of America Corp. to...

CVS to cut 38 more workers tied to R.I. headquarters

Health Services
WOONSOCKET – CVS Health Corp. is laying off another 38 employees based at its Rhode Island headquarters. Of the 38 employees, 23 work at CVS...

Citizens survey: M&A dealmaker sentiment at five-year high

Economic Activity
PROVIDENCE – Optimism about the deal-making environment has reached a five-year high, according to a new survey from Citizens Financial Group Inc. published Wednesday.  The...
DIGITAL LEARNING: R.I. Housing and Mortgage Finance Corp. employees work together at the agency’s Providence office. The organization recently created an e-learning platform on LinkedIn Learning with a diversity, equity, inclusion and belonging learning path that all employees must complete. Pictured sitting in the foreground, from left, are Amy Rainone, director of government relations and policy, and construction specialist Henry Severino; standing behind them, from left, are Gloria Johnson, assistant director of loan servicing, and HeeJin Kim, manager of communications and brand strategy; and sitting in the background, from left, are communications specialist Kate Brennan and intake closeout specialist Cameron Brown. 
PBN PHOTO /ARTISTIC IMAGES

For R.I. Housing, home is where the heart is

Business Services
PBN Diversity Equity & Inclusion 2024 Awards QUASI-GOVERNMENT: R.I. Housing and Mortgage Finance Corp. GIVING ALL PROSPECTIVE homebuyers an opportunity to have an affordable home to...
CASUAL CONVERSATION: Amica Mutual Insurance Co. employees, back row from left, Acel Silva, Shameem Awan, Bindiya Mittal and Dinari DuPont, along with, front row from left, Maria Viveiros and Mani Parthasarathy participate in a diversity, equity and inclusion “fireside chat” at the company’s Lincoln office. 
COURTESY AMICA MUTUAL INSURANCE CO.

Amica is an insurer that ensures a welcoming environment for all

Business Services
PBN Diversity Equity & Inclusion 2024 Awards INSURANCE: Amica Mutual Insurance Co. A 117-YEAR-OLD COMPANY that began formally embracing diversity, equity and inclusion 12 years ago...
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