Bank RI parent posts 16% Q1 profit

PROVIDENCE – The parent company of Bank Rhode Island reported Wednesday that net income for the first quarter rose 15.9% from the same period last year. Boston-based Brookline Bancorp Inc., also the parent of Brookline Bank and First Ipswich Bank, both in Massachusetts, said earnings increased to nearly $22.5 million, or 28 cents per diluted…

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