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OCCUPANTS WANTED: Raymond Goff, Burrillville’s planning director and economic development coordinator, visits the entrance to the town’s commerce park, which has remained mostly unused for many years. Town officials are hoping to change that. 
PBN PHOTO/MICHAEL SALERNO

SETTING SITES HIGHER: Will $40M initiative aimed at creating more pad-ready...

When Burrillville officials unveiled plans to create a second industrial park in the rural town in the early 2000s to bring in jobs and...

Must R.I. give Citizens what it wants?

The 11th-hour budget amendment submitted by Gov. Daniel J. McKee asking to overhaul how Rhode Island-based banks are taxed had some questioning whether the...

URI College of Business, Fidelity jointly launch new financial services course

SOUTH KINGSTOWN – The University of Rhode Island and Fidelity Investments Inc. have partnered to create a new course for students in the university’s...

URI, Fidelity combine forces to create new financial services course

SOUTH KINGSTOWN – The University of Rhode Island is collaborating with Fidelity Investments Inc. to offer a course for College of Business students pursuing...

Five Questions With: Michael Ice

Michael Ice is an associate teaching professor at the University of Rhode Island’s College of Business Administration with more than 30 years of experience...

Many banks consolidating jobs as economy shifts

While restaurants and retailers were laying off their workers at the onset of the COVID-19 pandemic, banks embarked on a hiring spree in the...
HOME BASE: Recent acquisitions by Citizens Financial Group Inc. have increased its presence in the New York area, but Citizens remains based at its 13-story office building in downtown Providence. 
PBN FILE PHOTO/NICOLE DOTZENROD

With acquisitions, Citizens’ focus grows much wider

Citizens Financial Group Inc.’s headquarters holds a prominent place in downtown Providence. The 13-story building stands guard over the confluence of the Woonasquatucket and...

Five Questions With: Michael Ice

Michael Ice is a senior finance lecturer at the University of Rhode Island’s College of Business Administration with more than 30 years of experience...
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...
CASH BONUS: The Washington Trust Co. said it was able to provide employees with one-time cash bonuses in January as a result of a reduction in its corporate taxes. Patricia Fernandez, left, professional flex banker at Washington Trust on Waterman Street in Providence, speaks with customer Nina Pratt of Providence.
 / PBN PHOTO/MICHAEL SALERNO

Banks say tax reform allowed for increased spending on staff, infrastructure

Many banks in Rhode Island and elsewhere have showered employees with pay raises and bonuses since President Donald Trump and fellow Republicans in Congress...
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