Banking
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Local bank success stories a good sign
One of the first victims of the financial crisis that brought on the Great Recession was the region’s small businesses, which suddenly found their access to capital severely constrained when large banks were forced to readjust their risk profiles. more
6/25/12
U.S. stocks rise as banks rally after Moody’s downgrades
U.S. stocks rose, after yesterday’s selloff, as the downgrade of global banks by Moody’s Investors Service was followed by rallies in financial shares while the European Central Bank announced changes to its lending program. more
BCSB donates to troops in Afghanistan
Bristol County Savings Bank employees recently held a “Drive For Local Troops,” resulting in a collection of 321 pounds of food items and 260 pounds of hygiene products. more
Bauer: People’s Credit Union gets 5 stars
BauerFinancial Inc., a credit union rating and research firm, has recognized People’s Credit Union as a 5-Star Superior credit union. A 5-Star rating indicates PCU is one of the strongest credit unions in the nation. more
Washington Trust declares dividend
The board of directors of Washington Trust Bancorp Inc., last month declared a quarterly dividend of 23 cents per share for the quarter ending June 30, 2012. more
Rockland sponsors advancing Women’s Excellence Program
This year marks the fourth consecutive year that Rockland Trust has acted as lead sponsor of the Advancing Women's Excellence conference, which Leading Women presented at the Crowne Plaza Hotel Providence-Warwick in Warwick last Thursday, June 14. more
Westerly CCU awards scholarships
Westerly Community Credit Union has awarded two scholarships to recent high school graduates Elias Gharios of Pawcatuck has been awarded the Westerly Community Credit Union Joseph N. Cugini Scholarship. more
Sovereign seen unaffected by European fiscal woes
By this time next year, Sovereign Bank will have completed its national transformation to Santander Bank, part of the Spanish-owned Banco Santander SA, one of the largest banks in the world. more
Teacher’s account drained for 30-year-old default
Lawyers drained Linda Brice’s bank account and seized a quarter of her take-home pay, or more than $900 a month. Brice, a first-grade teacher and Coast Guard veteran, begged for mercy, saying she couldn’t afford food, gas or utilities. more
Bloomberg News | 7/9/12
Bauer: People’s rates as 5-Star institution
MIDDLETOWN – BauerFinancial Inc., a credit-union rating and research firm, has given People’s Credit Union a 5-Star Superior rating. A 5-Star ranking indicates PCU is one of the strongest credit unions in the nation. To earn this rating, PCU excelled in areas of capital quality, asset quality, profitability and more. People’s Credit Union has earned this 5-Star Superior rating for 82 consecutive quarters, which puts it in an elite group of “Sustained Superiority Credit Unions.” Only 7 percent of the nation’s credit unions can claim this distinction. more
7/9/12
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The 2nd Annual Healthiest Employers event will recognize employers who have strong, effective Health and Wellness programs in the region. Deadline for enrollment is June 28th.
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