Providence Business News
Like many these days, Severence MacLaughlin foresees a big, bright future for artificial intelligence. Unlike many, the Rhode Island-based data scientist was willing to quit his job, sell his house and cash in his investments so he could raise money and focus on launching a new AI company in 2019, a high-stakes bet that he could develop …
Rockland Trust parent to acquire Enterprise Bank in $562M deal
ROCKLAND, Mass. – Independent Bank Corp., the parent of Rockland Trust Co., is acquiring Lowell, Mass.-based Enterprise Bancorp Inc., parent of Enterprise Bank and Trust Co., in a cash and stock deal valued at about $562 million, the two bank companies announced on Monday. Rockland Trust has numerous branch locations in Bristol County, Mass., and […]
Leahy named chief operating officer at Bristol County Savings Bank
TAUNTON – Bristol County Savings Bank has promoted Dennis F. Leahy to chief operating officer and first executive vice president, the bank announced recently. Leahy will be responsible for the direct oversight and management of the finance and accounting, loan and deposit operations, facilities and government banking departments, the bank said. He will also assist […]
Providence simplifies application and review process for owner …
Nov 4, 2024 · PROVIDENCE – Mayor Brett P. Smiley’s administration has unveiled a new and improved online application portal for homeowners to secure owner-occupied tax rates from the city’s tax assessors office. Smiley spokesperson Anthony Vega said the portal, which went live Monday, is now more “user-friendly” and will help streamline and …
Banks drop prime interest rates to 7.75% - pbn.com
PROVIDENCE – Most major banks have reduced their prime lending rates by a quarter-point recently to match the Federal Reserve’s decision to cut its key interest rate on Nov. 7. The Fed’s move was in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election […]
After 65 years, Home Loan Investment Bank changes name to …
WARWICK – Home Loan Investment Bank FSB says it has changed its name to Shoreham Bank to reflect its expansion of its financial products and services and the company’s Rhode Island roots. The name change took effect on March 15. Founded in 1959 by John M. Murphy as a community mortgage lender, the bank grew […]
Holder selected as next mayor of Newport - pbn.com
Nov 13, 2024 · NEWPORT – The city-by-the-sea will have a new mayor. Charlie Holder Jr. will replace current Mayor Xaykham “Xay” Khamsyvoravong for the upcoming 2024-2026 term after a unanimous, though informal, vote held Tuesday at Innovate Newport. The council-elect has scheduled an official vote for Dec.1 at the Community College of Rhode Island’s Newport campus. The charter […]
2024 Manufacturing Awards Program - Providence Business News
Congratulations to the 2024 Honorees. Honorees will be recognized at PBN’s Manufacturing Awards Dinner on November 13 beginning at 5:30 p.m. at the Crowne Plaza Providence-Warwick.
Five Questions With: Lori Joyal - Providence Business News
Last year, Lila Delman Compass sales manager and broker associate Lori Joyal broke statewide records for annual sales volume, finishing 2021 with $121.2 million in total transactions, including $116 million in Rhode Island alone, with the rest of it coming from Connecticut. That beat the last statewide record Joyal set in 2020 when she had […]
PBN Annual Events - Providence Business News
Jan 14, 2025 · Health Care Summit. Summit Dates: Spring: April 2, 2025 Fall: October 30, 2025. PBN’s bi-annual health care summits include health care experts and business leaders who will bring attendees up to date on the latest news and expectations in this vital and ever-changing piece of the region’s economy and arm the region’s business community with the best insights available to handle the ...