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

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

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...

What bank customers need to know: COVID-19 edition

PROVIDENCE – From reducing branch hours to deferring loan payments, banks across the state and the country are changing practices and policies in response...

Five Questions With: Cristina Feden

Cristina Feden was recently promoted to senior vice president and regional president of eastern Connecticut and Rhode Island for Berkshire Bank. PBN: What does your...

Five Questions With: Gregory Derderian

Gregory Derderian serves as executive vice president, chief financial officer and director of strategic analysis for BankNewport. He was recently elected president of the...
PBN PHOTO/DAVE HANSEN

Five Questions With Patricia Octeau

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

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...
PBN PHOTO/MICHAEL SALERNO

Five Questions With Brian J. Murphy

Brian J. Murphy | Chairman and CEO of Home Loan Investment Bank, president of Rhode Island Bankers Association 1. What are your responsibilities as...
BRIAN J. MURPHY, chairman and CEO of Home Loan Investment Bank, has been named the new president of the Rhode Island Bankers Association. / COURTESY RHODE ISLAND BANKERS ASSOCIATION

Rhode Island Bankers Association names Murphy new president

PROVIDENCE – The Rhode Island Bankers Association has named Brian J. Murphy the new association president. Murphy, chairman and CEO of Home Loan Investment Bank,...
Anthony Botelho

Five Questions With: Anthony Botelho

Anthony Botelho is president of the Rhode Island Bankers Association. Botelho was one of the voices featured in last week’s cover story about Rhode Island...

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