CENTRAL FALLS, R.I. - (11/02/050 -- Credit Union Central Falls hasagreed to donate $50,000 to the $2 million renovation of the100-year-old Ralph J. Holden Community Center. Credit unionofficials were on hand earlier this week to present a $10,000 checkas the first installment of the pledge to kick-off the fundraisingdrive. The facility houses a pool, locker rooms, basketball court,weight room, game room, senior meal site and Channel One -- CentralFalls, the city's social services department.
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Keweenaw Financial plans to acquire neighboring Range Financial in a transaction that would create an institution with nearly $1.7 billion of assets.
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The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
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