FDIC: Local banks see profit grow 38% in 2018

CITIZENS BANK N.A. reported net income of $1.39 billion as of Dec. 31, 2018, according to data released by the Federal Deposit Insurance Corp. on Thursday. / PBN FILE PHOTO/ELI SHERMAN
CITIZENS BANK N.A. reported net income of $1.39 billion as of Dec. 31, 2018, according to data released by the Federal Deposit Insurance Corp. on Thursday. / PBN FILE PHOTO/ELI SHERMAN
PROVIDENCE – More than 20 banks with branches located in Rhode Island and Bristol County, Mass., reported year-over-year increases in net income at the end of 2018 while four banks saw decreases, according to data released Thursday by the Federal Deposit Insurance Corp. Eight banks headquartered in Rhode Island, 13 Massachusetts-based banks and six banks…

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