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Tag: Mark K.W. Gim

Leadership in a Time of Crisis: Washington Trust

There are many words we could use to describe 2020: surreal, challenging, uncertain, unprecedented ... but at the same time, inspiring, collaborative, cooperative, and...

R.I. financial leaders say details needed on new PPP terms

PROVIDENCE – The newly inked Paycheck Protection Program Flexibility Act offers what many consider much-needed leeway for struggling small businesses. But local financial advisers and...

Local lenders welcome flexibility to work with borrowers under stimulus package

PROVIDENCE – Paycheck relief loans are the topic du jour when it comes to the federal stimulus package and lenders, but that’s not the...

R.I. banks say they are ready to weather the coronavirus storm

PROVIDENCE – Plunging stock markets. Near-zero interest rates. An economic slowdown, social distancing and self-quarantines. Any one of these alone could spell trouble for...

Federal interest-rate cuts good for businesses, borrowers but bad for banks

PROVIDENCE – The emergency half-percentage-point cut in the federal interest rate is bad news for banks, at least from a revenue perspective. The Federal Reserve’s...
PBN'S 2020 Economic Trends Summit will take place Thursday Feb. 13.

PBN’s Economic Trends Summit approaches

PROVIDENCE – PBN's Economic Trends Summit will take place on Thursday at the Crowne Plaza Providence Warwick. The summit will run from 8:30 a.m. to...
SHRINKING NUMBERS: Local banks have seen their net interest margin getting smaller over the last 12 months, which translates to lower interest income. That situation isn’t expected to change much in 2020./ SOURCES: SEC FILINGS; FDIC QUARTERLY BANKING PROFILE

Banks expected to continue feeling squeeze in lending margins

For Marc Perlman, principal owner and CEO of Ocean State Job Lot, the Federal Reserve’s outlook for 2020 is the best business fortune he...

Five Questions With: Mark K. W. Gim

Mark K. W. Gim is responsible for overseeing the strategic planning process and daily operations of key business lines at Westerly-based The Washington Trust...
BUCKING THE TREND: Brian A. Azar, senior vice president and chief lending officer at Navigant Credit Union, speaks with Deborah Drechnowicz, center, mortgage underwriting supervisor, and Lisa Grimo, mortgage loan underwriter. Unlike most banks, which saw their mortgage loan volume go down, Navigant reported an 8 percent increase from 2017 to 2018.
 / PBN PHOTO/MICHAEL SALERNO

Mortgage rates increase, loan volume drops during tumultuous 2018

After a tumultuous stock market performance in 2018 – especially during the last month of the year amid holiday celebrations – many banks’ mortgage...

Washington Trust launches new private client group

WESTERLY – The Washington Trust Co. has launched a new private client group designed to provide “personalized financial solutions” for business owners, executives and...

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