Banking
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Galvin fines Deutsche Bank Securities
The Secretary of the Commonwealth of Massachusetts William Francis Galvin has fined Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank Akteingesellschaft $17.5 million for failing to disclose conflicts of interest. more
RBS official: Paper checks may be done
Banks may finally be succumbing to the pressure from developments in technology to transition more fully from paper checks to electronic payments, James Gifas, head of RBS Citizens Treasury Solutions said in a press release. more
Rockland Trust expands in Mass.
Rockland Trust has expanded its Middlesex County presence with the conversion of nine Central Bank branches in Massachusetts, in Arlington, Burlington, Chestnut Hill, Malden, Medford, Melrose, Somerville and Woburn. The acquisition of Central Bank was finalized Nov. 10, 2012. more
Rockland named best community bank in Mass.
ROCKLAND, Mass. – Independent Bank Corp., the parent company of Rockland Trust, has been recognized as the best community bank headquartered in Massachusetts, on Forbes’ list of America’s Best and Worst Banks 2013. more
2/4/13
Durfee students to take part in Credit for Life
The junior class at B.M.C. Durfee High School will participate in the school’s fourth annual Credit for Life Fair, intended to provide experiences in financial literacy. more
DEM, URI tackle estate planning, other topics
Estate planning, business agreements, trusts and retirement for farm families are topics to be covered in a March 25 workshop at the University of Rhode Island’s East Farm, according to a press release. The workshop is sponsored by URI and the R.I. Department of Environmental Management. more
BCSB plans on Freetown branch
Continuing with its steady growth, Bristol County Savings Banks announced that it will be opening a new branch in East Freetown in Crossroads Commons during May, pending regulatory approval. more
| 4/2/13
BofA’s post-crisis picture optimistic
William F. Hatfield is president of Bank of America in the Rhode Island market, a position that allows him to see the details of the state’s economy as well as to cast an eye toward the nation. As the bank emerges from the “hard work” of cleaning up after the nation’s financial meltdown, Hatfield sees “great opportunity” for his company and the region. more

By Mark S. Murphy
PBN Editor | 5/13/13

Wash. Trust among ‘satisfactory’ banks
Several banks in Rhode Island, Massachusetts and Connecticut received “satisfactory” ratings in the Federal Deposit Insurance Corp.’s April list of banks examined for compliance with the Community Reinvestment Act, according to the FDIC. more
SEED, Mansfield Bank sponsor workshops
The South Eastern Economic Development Corp. and Mansfield Bank are sponsoring two business workshops for current or potential entrepreneurs. more
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