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WORKING TOGETHER: Panelists discuss the ways government and businesses in Rhode Island can work hand in hand to increase access to funds and develop a larger talent pool for various industries during a virtual conversation moderated by PBN Editor Michael Mello, center, and Mark S. Murphy, top left. Clockwise from the top middle are: Eric M. Shorr, Michael E. McKelvy, Edward O. “Ned” Handy III, Marcela Betancur, Chris Parisi and Betty Robson.

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 –...
CASH FLOW: Russell Morrill of Westerly uses an ATM at The Washington Trust Co. branch in Westerly recently. Banks and credit unions are expecting to see a decline in the size of deposits as the COVID-19 crisis passes. / PBN PHOTO/ELIZABETH GRAHAM

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:...
ROLLING WITH THE PUNCHES: Richard “Rippy” Serra, owner of Rippy’s Liquor and Marketplace in Charlestown, and office manager Donna McAdams roll coins brought in by customers. In an effort to combat the national coin shortage, Serra offers free coin rolling to customers to exchange their coins for dollar bills. / PBN PHOTO/ELIZABETH GRAHAM

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...
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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