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Washington Trust posts $69M profit in 2019

WESTERLY – Washington Trust Bancorp Inc., the parent of Westerly-based The Washington Trust Co., posted a $69.1 million profit in 2019, the company reported...
MORE AFFORDABILITY: Rhode Island Association of Realtors President Shannon Buss, bracketed by books that have been key to her real estate career, says three consecutive interest-rate cuts by the Fed haven’t led to new homebuyers entering the market, but they have helped buyers who are already looking to afford more in a house. / PBN PHOTO/MICHAEL SALERNO

Three Fed rate cuts in 2019 spur more home-loan activity

Three interest-rate cuts this year by the Federal Reserve have encouraged homeowners to seek out refinancing of existing mortgages and created a robust market...
TANDEM APPROACH: Mark K. W. Gim, president and chief operating officer of The Washington Trust Co., said focusing on operating physical branch locations in tandem with digital offerings allows the bank to maintain its customer flow.
 / PBN FILE PHOTO/MICHAEL SALERNO

Customers still want brick-and-mortar banking

It started with drive-through banking lanes. Then it was automated teller machines – ATMs. Hailed as the future of banking, many thought the days...
GETTING INVOLVED: Malcolm A. Makin, president of Professional Planning Group, says it’s critical for women to be involved when financial decisions are made. / PBN FILE PHOTO/MICHAEL SALERNO

Women urged to close savings gaps

Americans aren’t saving enough, in general. And women, in particular, have reasons to be concerned. They live longer, which means their savings must last longer. Because...

Millennials doing their part

"We are not like previous generations," Kevin McGovern said, when asked what nonprofits should expect from the rising generation of young adults. "We want...

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