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The Rhode Island banking crisis took place in the early 1990s, when approximately a third of the US state of Rhode Island 's population lost access to funds in their bank accounts. The events were triggered by the failure of a Providence bank, Heritage Loan & Investment, due to long-term embezzlement by its president.
Operation Clean Government is a nonpartisan, nonprofit citizens' lobby and advocacy organization. The organization was founded in 1993 by Bruce R. Lang and others through the union of three Rhode Island good government groups (Operation Clean Sweep, Rhode Island Taxpayers Association (RITA), and UsPAC) that had formed in response to the credit union crisis in 1991 (45 banks and credit unions ...
Old Stone Bank was a popular Rhode Island banking institution that was founded in Providence in 1819 as a mutual savings bank that was called Providence Institution for Savings. The savings bank was the fourth largest bank in Rhode Island when it was declared insolvent by the Office of Thrift Supervision on January 29, 1993. Providence-based ...
PROVIDENCE − With backing from Senate President Dominick Ruggerio, a fast-moving bill to double the gambling-on-credit limit at Rhode Island's two Bally's-run state casinos to $100,000 is ...
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The original Union Station was Providence's first, opening in 1848 to accommodate the needs of the newly thriving city. This building was designed by 21 year old Rhode Island architect, Thomas Alexander Tefft in the Lombard Romanesque style. Construction of the station was supervised by Tallman & Bucklin. Extending 720 feet along the edge of ...
On May 18, 1790, the United States Senate passed a bill that would ban all trade with Rhode Island if enacted, effectively isolating the diminutive state from the Union. The Rhode Island General Assembly capitulated 11 days later and ratified the Constitution, before the proposed embargo could be acted on by the United States House of ...
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