Home Industries Financial Services R.I. banks saw strong results in 2017 1Q

R.I. banks saw strong results in 2017 1Q

LOOKING UP: According to BankNewport Chief Financial Officer Gregory Derderian, left, the bank’s results reflect the positive market across the state. With him at company headquarters in Middletown are Connie Loveland, senior vice president/director of financial planning and customer support, and Justin Medeiros, accounting manager/­officer. / PBN PHOTO/KIM FULLER
LOOKING UP: According to BankNewport Chief Financial Officer Gregory Derderian, left, the bank’s results reflect the positive market across the state. With him at company headquarters in Middletown are Connie Loveland, senior vice president/director of financial planning and customer support, and Justin Medeiros, accounting manager/­officer. / PBN PHOTO/KIM FULLER

Rhode Island banks grew profit at a much faster pace than their peers nationwide and in New England during the first quarter of 2017, according to new federal data. “There are a lot of good things happening in the state. … New businesses are opening and existing businesses are expanding. Meanwhile, real estate values have

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