Patricia Octeau - Providence Business News

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Citizens keeps branches open, offers paid volunteer time to employees for...

Financial Services 06/18/2020

PROVIDENCE - Citizens Bank will commemorate Juneteenth for the first time by giving all employees three hours of paid volunteer time to a cause...

R.I. Bankers Association: Majority of members accepting PPP applications

Financial Services 04/10/2020

PROVIDENCE – While national banks have struggled with the rollout of a fast-moving federal loan program designed to help small businesses cover payroll expenses,...

Five Questions With Patricia Octeau

5Q 07/19/2019

Patricia Octeau | Executive director, Rhode Island Bankers Association 1. What are your main duties? My primary duty is to manage our association, which consists...

SEEKING INVESTMENT: Inclusion in the nationwide Opportunity Zone program could mean an influx of new investment and development for regions of the state deemed low-income census tracts. Each of the 25 Rhode Island tracts, the maximum nominations allowed by each state, has a greater-than-27 percent poverty rate. Investors in the program – who could fund everything from startups and business expansions to real estate deals – will be eligible for tax benefits. / SOURCE: R.I. COMMERCE CORP.

New Opportunity Zone program could help banks meet CRA requirements

Financial Services 12/07/2018

Included in the 2017 $1.5 trillion federal tax overhaul heralded by President Donald Trump and passed by Congressional Republicans was the Opportunity Zone program. Encouraging...

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