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Fitch upgrades RIAC bond rating to ‘A-’

PROVIDENCE – The R.I. Airport Corp. has scored a financial hat trick this year. Fitch Ratings on Monday upgraded the quasi-public agency's $57 million of...
THE WASHINGTON TRUST Bancorp Inc. reported a net income of $11.2 million in the third-quarter Tuesday, during what company chairman and CEO Edward O. Handy III called “difficult operating conditions." / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust reports $11.2M profit in Q3, a 40% drop from...

WESTERLY – The Washington Trust Bancorp Inc. on Tuesday posted a third-quarter profit of $11.2 million, down 40.2% from $18.7 million it reported in...
THE UNADJUSTED unemployment rate in the Providence-Warwick metropolitan area was 2.6% in April, a decrease from 3.9% one month prior and down from 3.1% in April 2022, according to the U.S. Bureau of Labor Statistics. / PBN FILE PHOTO

Providence-Warwick metro unemployment falls in April

PROVIDENCE – The unadjusted unemployment rate in the Providence-Warwick metropolitan area was 2.6% in April, a decrease from 3.9% one month ago and down...

Texas man sentenced to 37 months for scamming $1.5M from R.I....

PROVIDENCE – A Texas man who previously pleaded guilty to his role in an online romance scam was sentenced to 37 months in federal...

Washington Trust posts $12.8M profit in Q1, down 22% from a...

WESTERLY – Washington Trust Bancorp Inc., the parent company of Washington Trust Co., on Monday reported a net income of $12.8 million in the...
THE UNEMPLOYMENT RATE unadjusted for seasonal patterns in the Providence-Warwick metropolitan area was 4.2% in February, an increase from 3.6% one month prior but still down from 4.4% in February 2022, according to the U.S. Bureau of Labor Statistics.  / PBN FILE PHOTO

Providence metro unemployment rises in February

PROVIDENCE – The unadjusted unemployment rate in the Providence-Warwick metropolitan area was 4.2% in February, an increase from 3.6% one month prior but still...

State receives $26M in federal funding for public housing

PROVIDENCE – Housing authorities in 24 communities across the state will receive $26.3 million in federal funding through the Public Housing Capital Fund, U.S....

RIPTA receives $5M in federal Safe Streets funding

PROVIDENCE – The R.I. Public Transit Authority will receive $5 million to develop a Safe Streets action plan covering 29 communities across the state,...

Providence metro unemployment rises slightly in November

PROVIDENCE – The nonseasonally adjusted unemployment rate in the Providence-Warwick-Fall River metropolitan area was 3.4% in November, an increase from 3.3% one month prior...

Coventry nursing home property sells for $7.23M

COVENTRY – The 190-bed Riverview Rehabilitation & Healthcare Center property at 546 Main St. in Coventry was sold recently to a New Jersey-based company...
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