R.I. banks’ Q1 profit more than double national average

THE FEDERAL Deposit Insurance Corp. tracks banking statistics for all financial institutions it insures. / PBN FILE PHOTO
THE FEDERAL Deposit Insurance Corp. tracks banking statistics for all financial institutions it insures. / PBN FILE PHOTO
PROVIDENCE – Rhode Island banks grew 2017 first-quarter profit at a faster clip than its peers nationwide, according to data released by the Federal Deposit Insurance Corp. The nine Rhode Island institutions backed by the FDIC reported an aggregate net income of $286 million during the quarter ended March 31, according to the data. The…

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