Banking
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Customers increases public offering amount to $90M
Customers Bancorp Inc., parent company of Customers Bank, has increased its previously announced offering of $75 million of common stock to $90 million, the bank announced Wednesday. more
WCCU receives grant for down payment assistance
The Westerly Community Credit Union has received a $100,000 grant to help secure home ownership for low to moderate income households. more
NBIC celebrates 100K homeowner’s policies
The Narragansett Bay Insurance Co. reached a notable landmark last week when it celebrated its 100,000th homeowner’s policy. more
Rockland embraces social media
Rockland Trust has announced the launch of its $1 million “Actions. Not words.” marketing campaign. The campaign will feature a social media and online promotion to engage customers and the public. more
BofA to buy back $330M of mortgages from Freddie Mac
Bank of America Corp., the second biggest U.S. lender, will repurchase $330 million of home loans from Freddie Mac, the mortgage company supported by taxpayers, after flaws were found in how they were created. more
Pawtucket Credit Union selects firm for online services
Pawtucket Credit Union has selected Austin, Texas-based Q2ebanking as a provider for its online services. more
Conn. bankers provide financial literacy programs
More than 50 employees from Webster Bank will participate in Junior Achievement’s “JA in a Day” program at Tinker Elementary School in Waterbury as part of the bank’s commitment to financial literacy. more
TD Bank settles overdraft litigation for $62M
Toronto Dominion Bank agreed to pay $62 million to settle lawsuits accusing it of charging customers excessive overdraft fees. more
| 5/29/12
Washington Trust finances Conn. office
The Washington Trust Co. recently provided a $1.04 million commercial real estate mortgage for the refinancing of the Lamberton Office Center at 90 Lamberton Road in Windsor, Conn. more
| 5/29/12
First-graders spend month learning about saving
First-grade students at John J. Doran Community School in Fall River recently wrapped up a month-long lesson designed to stress the importance of using money wisely. more
6/11/12
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