The Providence Business News executive poll is a weekly survey of 70 top business leaders throughout the state, representing small and large companies in a variety of industries and businesses.
The banking community was surprised by the announcement that Fleet Financial was planning to buy BankBoston
QUESTION: Do you believe the merger will have a positive impact on the local economy?
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Yes……………..12% No………………52% Don’t know……….36%
QUESTION: There has been some concern that the non-profit community will suffer dramatically because of the loss of a major corporate donor. Do you agree that this will have a significant negative impact on corporate giving in the area?
Yes……………..52% No………………28% Don’t know……….20%
QUESTION: Does this acquisition harm Rhode Island’s efforts to attract major financial services companies to the state?
Yes……………..24% No………………56% Don’t know……….20%
QUESTION: Do you believe this type of merger (into the eighth largest bank in America) strengthens the community banking movement in Rhode Island?
Yes……………..44% No………………32% Don’t know……….24%
