ABINS Realty Corp. received $2.2 Million in Financing from Washington Trust.WESTERLY, R.I. -- The Washington Trust Company provided ABINS Realty Corporation, in Cranston, RI, owned by Dr. Michael Follick, with $2.2 million in commercial financing to refinance an existing mortgage on three commercial properties owned by the company. The first property, an office building at 1210 Pontiac Avenue in Cranston, is partially occupied by two of the owner's businesses, Abacus and the Institute for Behavioral Medicine behavioral medicine n. The application of behavior therapy techniques, such as biofeedback and relaxation training, to the prevention and treatment of medical and psychosomatic disorders and to the treatment of undesirable behaviors, such as overeating. , and is also occupied by Northeast Financial Group. The second location, an office building at 49 Freeway Drive, is occupied by American Renal Associate. The third property, at 285 Governor Street is leased to University Medicine Foundation. Dr. Follick is the senior partner of The Abacus Group, which provides information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. services to health care organizations. In addition, Abacus offers programs and services to help employees better manage their health care costs. Dr. Follick is the past president of the National Society of Behavioral Medicine and is currently a clinical professor in the department of community health at Brown Medical School. "Washington Trust is pleased to work with Dr. Follick on the refinancing of his commercial properties for ABINS Realty." said John C. Warren, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The Washington Trust Company. "He is a valued customer and we wish him continued success with his business." The Washington Trust Company is the largest independent bank headquartered in Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. . A state-chartered bank, Washington Trust offers a full range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , including wealth management, through its 16 branch offices located in Rhode Island and southeastern Connecticut. Founded in 1800, the Bank is a subsidiary of Washington Trust Bancorp, Inc., whose common stock trades on The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (R) under the symbol WASH. Web site address: www.washtrust.com. |
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