FDIC: R.I. banking assets increase 29% Y/Y in Q2

RHODE ISLAND banking institutions' assets increased 29% year over year at the end of the second quarter. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
RHODE ISLAND banking institutions' assets increased 29% year over year at the end of the second quarter. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
PROVIDENCE – Rhode Island banking institution assets increased 28.9% year over year to $174.1 billion in the second quarter of 2019, according to the Federal Deposit Insurance Corp. Thursday. The increase in assets is largely due to an increase of Citizens Bank’s assets by more than $39 billion to total $163 billion. The FDIC said…

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