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TD Bank: Restaurant franchisees beef up delivery, mobile ordering amid COVID-19

PROVIDENCE – Nearly three quarters of restaurant franchisees have added or expanded delivery and online ordering systems amid the COVID-19 pandemic, according to TD...

FDIC: R.I. bank deposits up 20% year over year

PROVIDENCE - Citizens Bank continues to dominate the Rhode Island market for bank deposits, capturing more than half of the $6.26 billion increase in...
HOT SEAT: Jovita Carranza, administrator of the U.S. Small Business Administration, speaks before a House Small Business Committee hearing on oversight of the U.S. Small Business Administration and Department of Treasury pandemic programs on Capitol Hill in Washington on July 17. / POOL VIA AP FILE/KEVIN DIETSCH

Big companies went to head of line for PPP loans

Ever since the U.S. government launched its emergency lending program for small businesses on April 3, there have been complaints that bigger companies had...

Citizens Bank tops list of PPP lenders in Rhode Island

PROVIDENCE – Citizens Bank dominated the Paycheck Protection Program in Rhode Island, serving as the lender for more than 2.5 times as many payroll...

At least 5 R.I. banks to offer low-interest loans via Main...

PROVIDENCE – Five banks with locations in Rhode Island have confirmed to Providence Business News that they will participate in the Main Street Lending...

TD Bank economist warns of long-term economic scars, particularly in New...

PROVIDENCE – The road to economic recovery after the COVID-19 crisis will be a long one, especially in New England where a dependence on...

Citizens Bank ranked among top 15 PPP lenders nationwide

PROVIDENCE – Citizens Bank ranked among the top 15 lenders to participate in the U.S. Small Business Administration’s Paycheck Protection Program, according to a...

Downtown Providence bank branches damaged during riots

PROVIDENCE- At least two banks suffered damage to branches in downtown Providence during last week’s riots and violence. Glass windows and doors were smashed at...
Michael J. LaBella has more than 35 years of banking-industry experience. He joined TD Bank in 2005 and has since taken on positions of increasing responsibility. He is currently TD’s commercial market president for Connecticut, Rhode Island and southeastern Massachusetts.   / PBN PHOTO/MICHAEL SALERNO

Leading in times of crisis

Michael J. LaBella | TD Bank commercial market president In this unprecedented time, COVID-19 has disrupted daily life and business operations. Even with the current...

SBA: Citizens, BankNewport top list of lenders to R.I. small...

PROVIDENCE – Citizens Bank was the top lender to Rhode Island small businesses through the U.S. Small Business Administration’s 7a loan program from Oct....

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