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Friday, May 25, 2018

Financial Services

Remote deposit boosts speed while paring costs

With the addition of virtual deposit capabilities brought about by Check 21 legislation, depositing a corporate check at a physical bank branch is quickly...

Rite Care churn gives state black eye

The federal government has given Rhode Island – and the rest of the country – a budgetary gift. Because of stricter requirements to...

Mixing business and personal banking

Do you use the same bank for personal and business accounts? * Yes – 60 percent * No – 40 percentIs there any synergy between...
JAMES DeRENTIS is known not just as an innovator at BankRI, but also as an advocate for the arts and community development. /

Exec sees BankRI as a champion of local business, arts, community...

As chief business officer for BankRI, Jim DeRentis oversees both the bank’s commercial and retail banking businesses, as well as its marketing and communications...
CAREMARK CEO Mac Crawford, right, and CVS CEO Tom Ryan leave the stage in New York Nov. 2 after announcing the deal, then valued at $21B.  Crawford is to be chairman of CVS/Caremark and Ryan, president and CEO. /

Caremark shareholders approve CVS takeover

NASHVILLE, Tenn. – “A substantial majority” of shareholders of Caremark Rx Inc. (NYSE: CMX) voted to approve the company’s buyout by CVS Corp. (NYSE:...

Rockland Trust parent sets 17-cent dividend

ROCKLAND, Mass. – Independent Bank Corp. (Nasdaq: INDB), parent of Rockland Trust Co., yesterday announced a 6-percent increase in its quarterly dividend.The company’s board...
CVS CORP. will become CVS/Caremark if the Nashville company's approve the deal, CVS shareholders today decided. Above, pedestrians wait at a bus stop outside a CVS/pharmacy in Providence late last year. /

CVS shareholders say yes to Caremark deal

WOONSOCKET – CVS Corp. (NYSE: CVS) says its shareholders have approved the company’s $27 billion purchase of Caremark Rx Inc. (NYSE: CMX).“We are extremely...

Washington Trust declares 20-cent dividend

WESTERLY – The board of directors of Washington Trust Bancorp Inc. (Nasdaq Global Market: WASH) today declared a dividend of 20 cents per share...

Mass. foreclosures soar in February

BOSTON – Delinquent mortgage payments continued to plague Massachusetts lenders last month, when the number of foreclosure petitions nearly doubled over year-ago levels and...
TONIGHT in Providence, TPG will host a downcity celebration of the topping-off of the new Westin tower, complete with fireworks. /

TPG buys 50th hotel, in Florida

CRANSTON – Real estate developer and hotelier The Procaccianti Group yesterday announced the acquisition of its 50th hotel, The Westin Fort Lauderdale, which it...
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