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BankNewport, Freedom National Bank join R.I.’s Bank Local program

PROVIDENCE – BankNewport and Freedom National Bank have joined General Treasurer Seth Magaziner’s Bank Local program, an initiative that incentivizes banks and credit unions...

Home Loan Investment Bank tops HUD list of nation’s most active...

WARWICK – For the second consecutive year, Home Loan Investment Bank is the nation’s top federal Title 1 home improvement loan lender, the bank...
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...
CITIZENS BANK N.A. reported net income of $1.39 billion as of Dec. 31, 2018, according to data released by the Federal Deposit Insurance Corp. on Thursday. / PBN FILE PHOTO/ELI SHERMAN

FDIC: Local banks see profit grow 38% in 2018

PROVIDENCE – More than 20 banks with branches located in Rhode Island and Bristol County, Mass., reported year-over-year increases in net income at the...

Home Loan Investment Bank partners with auto dealers association

WARWICK – Home Loan Investment Bank is partnering with the National Independent Automobile Dealers Association with the goal of helping the association’s members increase...

Home Loan Investment Bank expands residential lending footprint

WARWICK – Home Loan Investment Bank has expanded its residential lending team into southwestern Connecticut and the New York metro market, the Warwick-based bank...

Five Questions With: Kevin Roche

A veteran of the mortgage-banking industry, Kevin Roche started his career at Home Loan Investment Bank in 1996 as a loan representative and loan...

Home Loan Investment Bank collects donations for veterans food pantry

JOHNSTON – Banks can help people with more than money, proved this week by Home Loan Investment Bank. When supplies were running low at Operation...
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...

Home Loan Investment Bank adds Paul Carter to MA Mortgage Team

Paul Carter has joined Home Loan Investment Bank’s Massachusetts mortgage lending team as Senior Loan Officer, covering the greater Boston area. “I’m delighted to welcome...
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