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CASH FLOW: Russell Morrill of Westerly uses an ATM at The Washington Trust Co. branch in Westerly recently. Banks and credit unions are expecting to see a decline in the size of deposits as the COVID-19 crisis passes. / PBN PHOTO/ELIZABETH GRAHAM

As new deposits slow, bank strategies evolve

Economic Activity 06/11/2021

The billions of dollars doled out in forgivable small-business loans and personal stimulus checks made their way to recipients through their bank accounts. The result:...

RETAIL TEAM: Amy Arruda, senior vice president of retail banking at Washington Trust, right, with Melanie Connelly, vice president of retail banking, at the bank’s Westerly headquarters. / PBN PHOTO/ELIZABETH GRAHAM

Deferred loans, waived fees part of pandemic response for banks

Coronavirus 06/19/2020

The consumer messaging of banks and credit unions through the COVID-19 pandemic has been consistent: we’re here for you. When it comes to bank fees...

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