Banking
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Sovereign hits customers with new fees on accounts
Sovereign Bank N.A., a unit of Banco Santander S.A., has increased its existing fees on checking account customers and added entirely new fees, the latest in a handful of local and national banks to do so, reported the Boston Globe. more
| 1/22/13
Patricia Placencia
Age: 32 more
7/23/12
Flagstar announces sale of Northeast-based commercial loans
As part of a renewed focus on the Michigan area, Flagstar Bancorp Inc. has entered into a definitive agreement with a wholly-owned subsidiary of CIT Bank for CIT to acquire $1.264 billion in commercial loan commitments from Flagstar. more
| 1/3/13
Personal service, group buy-in drive Webster success
When the Great Recession hit in 2008 and mortgage foreclosures soared, Webster Bank took a different route than many other lending institutions. more
By John Larrabee
Contributing Writer | 12/17/12
Conn.-based SI Financial Group buying Newport Fed
Newport Bancorp Inc., parent company of Newport Federal Savings Bank, is being bought by SI Financial Group Inc., the parent of Savings Institute Bank and Trust Company, for a combination of stock and cash valued at about $61.3 million. more
| 3/5/13
Bristol County Savings Bank foundation donates $33K
Bristol County Savings Bank and its charitable foundation has recently awarded ten grants to Pawtucket area organizations, totaling $33,360. more
R.I. homeowners receive 4Q mortgage relief valued at $59M
Homeowners in Rhode Island are continuing to receive financial relief from the five mortgage service providers at the center of the National Mortgage Settlement, Attorney General Peter F. Kilmartin announced. more
BofA posts lower 3Q profit on Merrill legal costs
Bank of America Corp., the second- largest U.S. lender, said third-quarter profit dropped 95 percent on litigation expenses and an accounting charge tied to the firm’s debt. more
Five Questions With: Leland Merrill Jr.
The executive vice president of commercial lending at BankNewport talks about the effects of low interest rates on residential lending. more
Rockland parent posts mixed results in 3Q
Independent Bank Corp., the parent company of Rockland Trust Co., has announced net income of $11.6 million, or 53 cents per diluted share, for the third quarter of 2012, a three percent decrease year-over-year from the third quarter 2011, but a 23 percent increase from the three months ended June 30. more
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