Banking
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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
John Hancock team raises $15,000 for Best Buddies
Local John Hancock Network firm Independence Financial Partners recently contributed more than $15,000 to Best Buddies Rhode Island, after participating in the Hyannis Port Best Buddies Challenge. more
7/9/12
Banker to the bankers knows the numbers are lying
The Bank for International Settlements, which acts as a bank for the world’s central banks, should know fudged numbers when it sees them. What may come as a surprise is how openly it has been discussing the problem of bogus balance sheets at large financial companies. more
Guest Column: Jonathan Weil | 7/9/12
Rockland parent posts 2Q profit decline
Independent Bank Corp., parent of Rockland Trust Co., posted net income of $8.9 million, or 41 cents per diluted share, for the second quarter, a decline of 20.2 percent when compared with the year-earlier period. more
BankRI Gallery features Cranston artist
The BankRI Pitman Street Gallery is presenting “Photographs by David Silverman” through Aug. 1. showcasing the art of a local photpgrapher. more
Washington Trust helps out food bank
Washington Trust officers and supervisors recently volunteered at the Rhode Island Community Food Bank as part of the bank’s Care Day Program. Volunteers participated in a variety of tasks throughout the day including inspecting, sorting, labeling and packing donated food in the bank’s production warehouse. By volunteering, Washington Trust employees enable the food bank to provide food assistance to those in need. more
Rockland Trust presents summer reading initiative
For the fourth consecutive year, Rockland Trust presents the Reading Makes Cent$ program, a summer program to encourage literacy and fiscal responsibility among young people. more
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