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CAPITAL IDEAS: 
Jennifer Ventriglia, seated, director of accounting for The Capital Good Fund, speaks with Chadria Major-Thomas, senior human resources manager, at the fund’s headquarters in Providence. 
PBN PHOTO/­MICHAEL SALERNO

14,000 loans later, Capital Good Fund still aiming to do good

Sherlie Martinez had just given birth to her daughter, but the single mother was struggling to keep up with her bills and was racking...
WEBSTER FINANCIAL Corp., parent company of Webster Bank, reported a $867.8 million profit in 2023, marking a 34.7% increase over the year prior.

Webster Bank parent sees profits rise 35% in 2023 but decline...

STAMFORD, Conn. – Webster Financial Corp., the parent company of Webster Bank, says it recorded a $867.8 million profit in 2023, marking a 34.7%...
COMPANY CRED: Bacary Diatta says his food company Kassumay LLC is going well, but it could be doing better if it was easier to obtain a business loan. 
PBN PHOTO/­MICHAEL SALERNO

Fear grows about reduced ability to access capital

When Bacary Diatta moved from Senegal to the United States in 2018, he knew he wanted to start a business that would add value...

Fed unleashes another big rate hike but hints at a pullback

WASHINGTON (AP) – The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to...

R.I. Infrastructure Bank finances $122M in grants, loans in FY 22

PROVIDENCE – The Rhode Island Infrastructure Bank financed more than $122 million in low-interest loans and grants in fiscal year 2022, according to an...

BankNewport opens Warwick branch

NEWPORT – BankNewport has come to Warwick, commemorating the opening of its newest branch with a ribbon-cutting event on Nov. 30. The new branch at...

Bank of America triples investment in homeownership grant and loan programs

PROVIDENCE – Bank of America Corp. plans to triple the grants, low-interest loans and financial education programs for low- to moderate-income homebuyers, the bank...

Need a stimulus?

Is another round of federal funding and support needed for your business? Yes: 57% No: 43% Did your company benefit from a previous round of federal aid...

Centreville Bank opens Providence loan production office

PROVIDENCE – Centreville Bank opened its first self-standing loan production office in downtown Providence on Aug. 18, according to a news release. The office at...

R.I. Infrastructure Bank closes $33M in road and bridge program loans

PROVIDENCE – The Rhode Island Infrastructure Bank recently announced $32.5 million in low-interest loans for road and bridge projects in Providence, Warwick and Cumberland,...
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