Financial Services
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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
Flagstar sees $422M jump in profits
Flagstar Bancorp Inc. has seen a dramatic turnaround to its bottom line for 2012, with an improvement of $422.6 million over 2011, according to a Jan. 24 story in Crain’s Detroit Business. more
Washington Trust finances for One Financial
Washington Trust’s Commercial Real Estate Group has provided commercial mortgage financing for a historic property, One Financial Center Plaza, in downtown Providence, according to a press release from the bank. more
Report: Social media aiding financial services
Mobile and social media are rejuvenating the delivery of financial services, although the technological advances are proving to be both an asset and a challenge to financial institutions, according to a report by Javelin Strategy & Research. more
Independent-Central sale to close Nov. 9
Independent Bank Corp., the parent company of Rockland Trust, has received all the regulatory approvals relating to its purchase of Central Bancorp Inc. of Somerville, Mass. Central Bancorp is the parent of parent of Central Bank. more
FM Global gets ‘AA’ rating from Fitch
FM Global, one of the world’s largest commercial property insurers, has received an “AA” – or very strong – financial strength rating from Fitch Ratings, according to a press release. more
Five Questions With: Mark Meiklejohn
President and CEO of Bank Rhode Island talks about the challenges of being a local bank and how the construction and real estate sectors are performing locally. more
Mullaney opens N.K., Prov. offices
Mullaney Management & Trust has announced the opening new offices in Providence and North Kingstown, according to a press release. more
O’Brien bill targets luxury sailing vessels
PROVIDENCE – Rep. William O’Brien, D-North Providence, has introduced legislation that aims to ease the auto-excise taxes on Rhode Island motor vehicle owners while generating more tax revenue for the state by instituting a sales and property tax on sailing vessels worth more than $100,000. more
3/4/13
Raimondo: Financial coaching key
Boosting Rhode Island out of its stagnant economy will not happen overnight, but the mission of Empower RI is to build a solid financial base, one employee and family at a time. more

By Rhonda Miller
PBN Staff Writer | 3/4/13

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