Home Industries Financial Services Bank of America’s deposits surge in R.I. on mobile banking

Bank of America’s deposits surge in R.I. on mobile banking

BANK OF AMERICA reported a net income of $7.2 billion in the third quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
BANK OF AMERICA reported a net income of $7.2 billion in the third quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

Going by the numbers, Bank of America had a banner year in Rhode Island. Its deposits within the state skyrocketed to $12.4 billion as of June 30, up 63 percent from $7.6 billion a year earlier, according to Federal Deposit Insurance Corp. statistics. That represents $4.8 billion in deposit growth in the Ocean State in

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber

NO COMMENTS

Exit mobile version