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Greater Boston real estate market helps WashTrust achieve 8% profit in...

WESTERLY – The Washington Trust Co. partly rode Greater Boston’s powerful real estate market to a 7.9% profit in the quarter ended March 31,...
SUCCESSION CONSULTANT: Janice DiPietro, CEO of Exceptional Leaders International, is a consultant on succession for family-owned businesses. She recommends ownership changes be planned several years in advance. 
 / PBN PHOTO/
MICHAEL SALERNO

Communicate intent in succession planning to avoid family rifts

The transition of ownership in a family-owned small business doesn’t have to be stressful and emotional, but it can quickly tip in that direction...
CONFIDENCE WANING? Matt Fair, center, of Hayes & ­Sherry Real Estate Services, listens with colleagues during PBN’s first Economic Trends Summit in Providence on Feb. 15. Panelists said perennial concerns such as rising health care costs and uncertainty about changing federal policies are dampening optimism about an otherwise strong economy.
 / PBN PHOTO/RUPERT WHITELEY

Optimism tempered by uncertainty

Rhode Island’s economy is doing well, but a handful of perennial bugaboos, along with actions at the federal level, have dampened the business community’s...
CITIZENS BANK N.A. reported net income of $1.39 billion as of Dec. 31, 2018, according to data released by the Federal Deposit Insurance Corp. on Thursday. / PBN FILE PHOTO/ELI SHERMAN

FDIC: Local banks see profit grow 38% in 2018

PROVIDENCE – More than 20 banks with branches located in Rhode Island and Bristol County, Mass., reported year-over-year increases in net income at the...
THE R.I. DIVISION of Public Utilities and Carriers has denied Interstate Navigation Co.'s request for approval to finance a new 500-passenger fast ferry to Block Island. / COURTESY BLOCK ISLAND TOURISM COUNCIL

DPUC denies Interstate Navigation’s request to finance construction of new ferry

WARWICK – Significant questions about timing and inconsistencies in Interstate Navigation Co.’s arguments over the needs of additional fast-ferry service to Block Island prompted...

Tax reform boosts profits in banking industry

You might say 2018 was the year of Trump in banking. It’s debatable whether President Donald Trump is accomplishing his campaign promise to make...
INTERSTATE NAVIGATION is seeking approval from the R.I. Division of Public Utilities and Carriers to borrow $8.5 million from The Washington Trust Co. to finance the construction of a new fast ferry. The hearing is scheduled for Dec. 28 at 10 a.m. / PBN FILE PHOTO/K. CURTIS

Interstate Navigation seeks approval to finance construction of new ferry

WARWICK – The R.I. Division of Public Utilities and Carriers will hold a public hearing Thursday at 10 a.m. at its office, 89 Jefferson...

Washington Trust announces senior management promotions

WESTERLY – The Washington Trust Co., one of Rhode Island’s largest retail banks, recently filled four senior management positions from within the company.Amy U....

Five Questions With: Marcus Charlemagne

Marcus Charlemagne was recently named assistant vice president and manager for The Washington Trust Co.’s new North Providence branch, set to open at 1588...

Washington Trust, BankNewport appoint new branch managers

PROVIDENCE – The Washington Trust Co. has appointed Marcus Charlemagne as assistant vice president and branch manager for the new Washington Trust branch set...
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