Banking
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Wash. Trust, R.I. housing host seminar
Washington Trust and Rhode Island Housing will host free reverse mortgage seminars May 21-23 at three of the bank’s locations, according to a press release. more
BofA settles ‘big kahuna’ mortgage suit as new case looms
Bank of America Corp. CEO Brian T. Moynihan, who once vowed to wage “hand-to-hand combat” in lawsuits over faulty mortgages, settled one big fight with MBIA Inc. yesterday as another remains unfinished. more
BCSB expanding into Freetown
Bristol County Savings Bank has opened a new branch in Freetown, a location between the bank’s oldest market in Taunton and its newest market in New Bedford, according to a press release. more
Mount Hope High students recognized as ‘financial scholars’
Mount Hope High School students who completed the Rhode Island Financial Scholars Program have been recognized by General Treasurer Gina Raimondo. more
Alemany set to retire from Citizens after 5 years at helm
Chairman and CEO of RBS Citizens Financial Group Inc. Ellen Alemany will retire Oct. 1 after more than five years with the Providence-based group, according to a press release from the parent company, Royal Bank of Scotland Group PLC. more
Customers offering $75M in common stock
Customers Bankcorp Inc., the parent company for Customers Bank, announced an underwritten public offering of $75 million of its voting common stock. more
RBS chairman signals further job cuts, branch closures to come
Royal Bank of Scotland Group PLC, the recipient of the biggest banking bailout in the world, will eliminate more jobs and close additional branches before its restructuring is complete, Chairman Philip Hampton said. more
BankNewport supports to Kids Café with $5K grant
BankNewport President and CEO Sandra J. Pattie recently joined Andrew Schiff, CEO of the Rhode Island Community Food Bank, and Joanne Hoops, executive director of the Boys & Girls Clubs of Newport County, for a visit to the Park Holm Boys & Girls Clubs following a $5,000 grant from BankNewport to the food bank’s Kids Café program. more
5/21/12
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
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