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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...
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...
PBN PHOTO/MICHAEL SALERNO

Five Questions With Brian J. Murphy

Brian J. Murphy | Chairman and CEO of Home Loan Investment Bank, president of Rhode Island Bankers Association1. What are your responsibilities as...
LISA RANGLIN is the president of the Rhode Island Black Business Association, which has launched a statewide microlending program for minority-owned businesses, using a $100,000 award it received from the R.I. Commerce Corp. / COURTESY RHODE ISLAND BLACK BUSINESS ASSOCIATION

RIBBA launches $100K statewide microlending program

PROVIDENCE – The Rhode Island Black Business Association has launched a new statewide microlending program for minority-owned businesses.The new program, called the Microlending Initiative,...
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