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PROVIDENCE-based Citizens Financial Group, the holding company for Citizens Bank, increased the holdings of its wealth management clients in Bank of America by 484 percent in the last quarter. The two financial institutions are the No. 1 and No. 2 largest consumer banks in Rhode Island based in local deposits. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens’ clients bullish on BofA

PROVIDENCE – Citizens Financial Group Inc. has purchased an additional 288,283 shares of Bank of America stock on behalf of its wealth management clients,...

U.S. customer satisfaction with mortgage lenders improves

PROVIDENCE - Nationwide customer satisfaction with banks and other companies that originate primary mortgages improved this year, according to survey results released Thursday by...
BANK OF AMERICA reported a net income of $7.2 billion in the third quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

Bank of America’s deposits surge in R.I. on mobile banking

Going by the numbers, Bank of America had a banner year in Rhode Island. Its deposits within the state skyrocketed to $12.4 billion as...

Bank of America limits risk, reward

Bank of America’s investors just got more evidence that taking the slow and steady road is paying off but that there is a trade-off...

FDIC: Retail bank deposits up 5.6% in Bristol County, Mass.,...

PROVIDENCE – Retail banking deposits in Bristol County, Mass., grew by 5.6 percent during fiscal year 2018, ended June 30, new federal banking statistics...

Report: Bank of America takes lead in bank deposits within Rhode...

PROVIDENCE – Rhode Island consumer banking has become a little less local, as Charlotte, N.C.-based Bank of America now has the most in-state deposits,...

Report: Bank of America ranks No. 4 for customer satisfaction among...

PROVIDENCE – Bank of America ranked fourth among the six national retail banks in the United States for customer satisfaction, consumer ratings firm J.D....
PBN GRAPHIC/Lisa Lagreca

Who Owns The Block?

North Washington Street | Elm Street to High Street NORTH ATTLEBOROUGHPBN RESEARCH AND PHOTOS/JAMES BESSETTE
CASH BONUS: The Washington Trust Co. said it was able to provide employees with one-time cash bonuses in January as a result of a reduction in its corporate taxes. Patricia Fernandez, left, professional flex banker at Washington Trust on Waterman Street in Providence, speaks with customer Nina Pratt of Providence.
 / PBN PHOTO/MICHAEL SALERNO

Banks say tax reform allowed for increased spending on staff, infrastructure

Many banks in Rhode Island and elsewhere have showered employees with pay raises and bonuses since President Donald Trump and fellow Republicans in Congress...
BANK OF AMERICA Corp. reported a $6.78 billion net income in the second quarter of 2018. / BLOOMBERG FILE PHOTO/RON ANTONELLI

BofA’s consumer profit jumps as customers boost borrowing

NEW YORK - United States consumers are levering up again, and Bank of America Corp. is using that, along with cost cuts, to boost profit.Bank...
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