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Report: BofA drops to No. 2 in R.I. market share after...

PROVIDENCE – While other banks’ in-state deposits have remained relatively stable, Bank of America Corp.’s total Rhode Island deposits dropped by $5.4 billion as...
TIMOTHY WENNES has been named CEO and president of Santander Bank, N.A. / COURTESY SANTANDER HOLDINGS USA INC.

Wennes appointed CEO of Santander Bank

PROVIDENCE – Timothy Wennes has been named the next CEO and president of Santander Bank N.A., parent Santander Holdings USA Inc. announced Wednesday.Wennes’ appointment...
BANCO SANTANDER reported a profit of $2.4 billion in the second quarter. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE

Santander sees Americas surge make up for weak Europe profit

MADRID, Spain – It looks like Banco Santander SA picked the right time to grow in Latin America.The Spanish lender’s surging businesses there delivered...
BIG STEP: Marcy Reyes, with some of her students at Central High School in Providence, where she began her Financial Literacy Youth Initiative program. From left, Osury Aponte, Sita Traore, Daniel Gonzalez, Reyes and Ashley Ortiz. / PBN PHOTO/MICHAEL SALERNO

She’s empowering youths through financial literacy

“I don’t know how to explain it. I had a nagging feeling I was supposed to give birth to something big,” said Marcy Reyes.Reyes...
SANTANDER BANK awarded 12 grants for local nonprofit efforts to aid low- to moderate-income communities in the fields of affordable housing, community services, economic and small business development, financial education development, neighborhood revitalization and workforce development. / BLOOMBERG NEWS FILE PHOTO/ANGEL NAVARRETE

Santander awards grants to 12 local nonprofits

PROVIDENCE – Santander Bank committed $4 million nationwide to nonprofit organizations that support low- and moderate-income individuals, families and communities in the bank’s United...
SANTANDER has suspended issuance of new credit cards after finding interest overcharges to some customers. / BLOOMBERG NEWS FILE PHOTO/ANGEL NAVARRETE

Santander stops issuing new credit cards after discovering interest overcharges to...

BOSTON – Santander Bank has stopped issuing new credit cards as it seeks to fix an issue in which the bank charged some credit...
MAKING THINGS HAPPEN: Gov. Gina M. Raimondo, providing welcoming remarks at Thursday's Economic Outlook Breakfast, said her job in her second term will be to help sustain the economic momentum Rhode Island has been experiencing. / PBN PHOTO/DAVE HANSEN

Economic Outlook Breakfast portends economic renaissance – and another Super Bowl...

PROVIDENCE – Those at Thursday’s Economic Outlook Breakfast by Santander Bank and the Greater Providence Chamber of Commerce may have come away thinking that...

Ex-R.I. state senator sentenced to 2 years in prison for bank...

PROVIDENCE – Former state senator and businessman James E. Doyle II, 47, of Pawtucket, was sentenced Friday to two years in federal prison for...
IMPROVED PERFORMANCE: Stephen J. White, president and CEO of Westerly Community Credit Union, said the credit union’s net worth has improved since 2011 and it has had “very low delinquency” on loans in recent years.
 / PBN PHOTO/MICHAEL SALERNO

Strong ratings for banks, credit unions

Looking down the federal government’s list of failed banks since 2000, it’s hard to believe there was ever a banking crisis in New England...

ConnectRI provides internet for housing-assistance residents

PROVIDENCE – Public-private pilot program ConnectRI will help close the gap between state residents getting housing assistance and internet access, according to a state...
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