Financial Services
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KLR opens office to new businesses looking for support
Kahn, Litwin, Renza & Co. Ltd. announced Tuesday that it was opening the KLR Emerging Business Center in its North Main offices to help lend support and guidance to startups and emerging businesses in the Ocean State. more
| 5/15/13
RBS chairman signals further job cuts, branch closures to come
Royal Bank of Scotland Group PLC, the recipient of the biggest banking bailout in the world, will eliminate more jobs and close additional branches before its restructuring is complete, Chairman Philip Hampton said. more
Wash. Trust, R.I. housing host seminar
Washington Trust and Rhode Island Housing will host free reverse mortgage seminars May 21-23 at three of the bank’s locations, according to a press release. more
BCSB expanding into Freetown
Bristol County Savings Bank has opened a new branch in Freetown, a location between the bank’s oldest market in Taunton and its newest market in New Bedford, according to a press release. more
Mount Hope High students recognized as ‘financial scholars’
Mount Hope High School students who completed the Rhode Island Financial Scholars Program have been recognized by General Treasurer Gina Raimondo. more
Customers offering $75M in common stock
Customers Bankcorp Inc., the parent company for Customers Bank, announced an underwritten public offering of $75 million of its voting common stock. more
TD Bank has new leadership in R.I., but direction remains same
TD Bank has chosen a banking industry veteran to take over its Rhode Island and Boston metro south market. Kevin F. Malone has been named TD Bank market president for Boston, southern Massachusetts and Rhode Island. more
Cities need resilience to face future superstorms
Whether or not Hurricane Sandy had a connection to climate change, the latter will make future Hurricane Sandys more common, imposing enormous costs on cities. more
Guest Column:
Peter Orszag | 5/13/13
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

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