FDIC: R.I. bank deposits up 20% year over year

A NEW REPORT from the FDIC shows that in-market bank deposits in Rhode Island increased 20% from June 30, 2019, to June 30, 2020.
PROVIDENCE - Citizens Bank continues to dominate the Rhode Island market for bank deposits, capturing more than half of the $6.26 billion increase in the last year, according to a new report from the Federal Deposit Insurance Corp. As of June 30, federally insured institutions had $37.32 billion in FDIC-insured deposits within the Rhode Island…

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