Tag: Washington Trust Co.
Call to arms for government, businesses
On the occasion of Providence Business News’ 35th anniversary, six business and community leaders joined in a virtual discussion on Rhode Island’s economy –...
As new deposits slow, bank strategies evolve
The billions of dollars doled out in forgivable small-business loans and personal stimulus checks made their way to recipients through their bank accounts.
The result:...
For some businesses, coin shortage a test of their mettle
Rolling $800 in loose change into individual paper coin wrappers is not typically a service offered at Rippy’s Liquor & Marketplace. But amid a...
Local lenders report slow start to Main Street Lending Program
PROVIDENCE – If the outpouring of applications for the Paycheck Protection Program amounted to a flood initial interest in the new Main Street Lending...
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...
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...
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...
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...
