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Scott Blake

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CITIZENS BANK's holding company reported net income of $453 million in the second quarter ended June 30, a 7% increase from the same period last year. /PBN FILE PHOTO

Citizens Bank posts 7% gain in quarterly profit

PROVIDENCE – Citizens Bank’s holding company Friday reported a 7% increase in second quarter net income from the same period last year, driven by...
PBN PHOTO/DAVE HANSEN

Five Questions With Patricia Octeau

Patricia Octeau | Executive director, Rhode Island Bankers Association1. What are your main duties? My primary duty is to manage our association, which consists...
NEW STATION: Raymond Lavoie, left, executive director, and Dr. Michael Fine, senior clinical and population health officer, stand in front of Blackstone Valley Community Health Care’s new neighborhood health station in Central Falls.
 / PBN PHOTO/MICHAEL SALERNO

New Blackstone Valley health center seen as boon to Central Falls...

Drive along Broad Street in Central Falls on a weekend and you’ll see that it plays a significant role in the city’s small economy.“It’s...
WEBSTER FINANCIAL CORP., the holding company for Waterbury, Conn.-based Webster Bank, reported net income of $96.2 million, or $1.05 per diluted share, in the quarter ended June 30. / PBN FILE PHOTO

Webster Bank posts 21% increase in quarterly profit

PROVIDENCE – Webster Bank’s holding company Thursday reported profit grew by 21% in the second quarter compared with the same period last year, driven...

FM Global: Equipment failures a leading cause of property losses for...

JOHNSTON – Equipment breakdowns now rival fire loss in both frequency and severity of commercial property insurance claims, according to a new analysis of...

Five Questions With: Patty Gilman

As New York City-based banking giant JPMorgan Chase & Co. prepares to open its first retail banking branches in Rhode Island, beginning with Providence,...

U.S. Bank National Association hires Palombi as global communications chief

PROVIDENCE – Longtime Rhode Island resident David Palombi has been named by U.S. Bank National Association as its global chief communications officer.In his new...
THE U.S CONSUMER FINANCIAL Protection Bureau has reached a settlement with Freedom Debt Relief. CFPB alleges Freedom violated federal telemarketing rules by charging advance fees and failing to inform customers of their rights to funds they deposited with the company. / COURTESY AQUANIS

Freedom Debt Relief agrees to pay $20M in restitution to settle...

PROVIDENCE – The nation’s largest debt settlement services provider, Freedom Debt Relief LLC, has agreed to pay $20 million in restitution to affected consumers...

BayCoast Mortgage expands service

SWANSEA – BayCoast Mortgage Co. LLC has started operating out of BayCoast Bank’s recently developed branch at Cranberry Crescent Plaza at 9 Commerce Way...

Lining up for next windfall

In November 1998, Rhode Island was part of a historic settlement with the tobacco industry to pay for the health care costs of smoking...
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