Slade’s Ferry profits shrink 10% as margins narrow

SOMERSET, Mass. – Slade’s Ferry Bancorp, the parent of Slade’s Ferry Trust Co., last night posted a 10.0 percent decrease in annual profits. The company cited “the flat or inverted yield-curve” that reduced the interest margin on which most of its earnings are based. For the year ended Dec. 31, its net income was $3.6…
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