Financial Services
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Customers brings new name, familiar faces
There’s a new financial presence in Rhode Island, Customers Bank, with some familiar faces, including Steve Issa, the bank’s New England market president. more

By Rhonda Miller
PBN Staff Writer | 5/6/13

Alemany retiring; Van Saun to lead Citizens
PROVIDENCE – 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
5/13/13
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

Finding some success with zero-down loans
Who says lenders need to charge you a cash down payment when you take out a mortgage in this era of hyper-strict underwriting? more
5/20/13
Providence tax-firm owner to serve 27 months
PROVIDENCE – The owner of a local tax-preparation firm has been sentenced to 27 months in federal prison for under-reporting more than $1 million in income and failing to pay nearly $400,000 in federal taxes, The Associated Press reported last week. more
5/20/13
Fitch gives stable rating to R.I. CWFA
AUSTIN, Texas – Fitch Ratings this month assigned a AAA rating to $49 million in Rhode Island Clean Water Finance Agency’s water-pollution-control, revolving-fund revenue bonds. The rating outlook is stable. more
5/20/13
Citizens’ planned IPO way to help pay U.K. debt
Providence-based RBS Citizens Financial Group has chosen a new leader specifically to prepare for a partial IPO planned for 2015, replacing Chairman and CEO Ellen Alemany, named one of 10 CEOs to watch this year by American Banker. more

By Rhonda Miller
PBN Staff Writer | 5/20/13

Invest in gold for insurance, not growth
Gold has been the most talked-about investment and was the place to be for nearly 12 years. It moved from $250 per ounce to more than $1,900 per ounce while the stock market gyrated on its roller coaster ride. When investing in gold you could not go wrong. Then something happened. more
5/27/13
House approved tax credit transparency bill
PROVIDENCE – The R.I. House of Representatives last week approved legislation to increase accountability and transparency in tax credit programs and state agency reports. more
6/3/13
Gim to succeed Daukas as WashTrust executive VP
Galan G. Daukas, former executive vice president of wealth management at Washington Trust Bancorp. Inc., resigned his position, effective May 20. Daukas will be succeeded by Mark K. Gim, according to a bank filing with the Securities and Exchange Commission. more
| 5/24/13
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