Banking
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BankRI parent sees 33.1% increase in profit
BOSTON – Brookline Bancorp Inc. – the parent company of Bank Rhode Island – saw its bottom line soar 66.1 percent during the fourth quarter of 2012 and 33.1 percent over the year as a whole, the bank announced last week. more
2/4/13
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
FHLB of Boston announces $30.3M in housing funds
BOSTON – The Federal Home Loan Bank of Boston announced last month that it has awarded $30.3 million to support 48 affordable housing initiatives in the six New England states. more
2/4/13
Wash Trust expansion leads to record profit
Rhode Island’s weak economy and sluggish housing market are not keeping Westerly-based Washington Trust Bancorp Inc. from continuing its momentum of increased earnings, as the parent of The Washington Trust Co. reaped the benefits of its strategic expansion into healthier markets in Massachusetts and Connecticut. more

By Rhonda Miller
PBN Staff Writer | 2/4/13

Rockland Trust parent’s profits decline 10.8% in 4Q
Independent Bank Corp., the parent of The Rockland Trust Co., reported fourth-quarter net income of $10 million, or 45 cents per diluted share, a 10.8 percent decline from the fourth quarter of 2011. more
| 2/1/13
R.I. banks offer best 2-year returns in the U.S., study says
Accounts held in Rhode Island banks and credit unions offer some of the highest return rates in the nation, according to a newly released study from GoBankingRates.com. more
BankRI parent sees profits rise in 4Q, 2012
Brookline Bancorp Inc. – the parent company of Bank Rhode Island – saw its bottom line soar 66.1 percent during the fourth quarter of 2012 and 33.1 percent over the year as a whole, the bank announced Thursday. more
| 1/31/13
Wash Trust: record profit in ’12
Washington Trust Bancorp Inc., parent of The Washington Trust Co., posted record earnings of $35.1 million for 2012, an 18 percent increase in net income compared with $29.7 million in 2011. more
BofA says AIG can’t sue over mortgage bonds sold in bailout
Bank of America Corp. lawyers asked a federal judge to dismiss American International Group Inc.’s fraud claims over devalued Countrywide Financial mortgage-backed securities it had to sell as part of the government bailout. more
TD joins five Canadian lenders in Moody’s credit downgrade
Toronto-Dominion Bank, Bank of Nova Scotia and four other Canadian lenders had their credit ratings cut by Moody’s Investors Service because of high home prices and consumer debt. more
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