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R.I. Bankers Association, other banking groups object to proposal to reduce...

PROVIDENCE – The Rhode Island Bankers Association joined 51 other U.S. bankers associations and the American Bankers Association in signing a letter to the...
SPREADING THE WORD: R.I. General Treasurer James Diossa visits Rhode Island Spirits Distillery in Pawtucket to talk with co-owner Kara Larson about legislation that would create a state-run fund that would allow small businesses to offer retirement benefits. 
PBN PHOTO/MICHAEL SALERNO

Measure would create state-run retirement fund for small businesses

Michelle Rivera, policy director with Progreso ­Latino Inc., a nonprofit that does not offer retirement benefits to its employees, struggled with the process of...

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...
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