BankRI faces $4.2M loss on tax credit-backed 38 Studios loans

July 27th, 2012 at 9:50 am by under Nesi's Notes

By Ted Nesi

BROOKLINE, Mass. (WPRI) – Bank Rhode Island may lose as much as $4.2 million on loans that were apparently given to 38 Studios in exchange for tax credits Curt Schilling’s firm never received, its parent company announced Thursday.

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