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AT IT AGAIN: State Rep. Karen Alzate, D-Pawtucket, says the first bill she filed this legislative session was one that would restrict payday lenders, a measure that some legislators have been trying to get passed for more than a decade. 
PBN PHOTO/­MICHAEL SALERNO

Payday lender opponents renew legislative effort

Advocates for payday lending reform celebrated lin 2023 when the House voted overwhelmingly for a bill they believed would finally curtail so-called “payday lenders,”...

Citizens CEO received 20% pay bump in 2024 despite drop in...

PROVIDENCE – The CEO of Citizens Financial Group Inc. received a 20% increase in pay last year, despite a dip in percentage of shareholder...
BROOKLINE BANCORP Inc., the parent company of Bank Rhode Island, reported 2024 earnings of $68.7 million, down from the $75 million profit recorded a year prior, according to its recent filing with the U.S. Securities and Exchange Commission. 

SEC filing of the week: BankRI parent posts $68.7M profit in...

PROVIDENCE – Brookline Bancorp Inc., the parent company of Bank Rhode Island that is being acquired by Berkshire Hills Bancorp Inc., has posted 2024...
THE WASHINGTON TRUST Bancorp Inc. has reported a loss of $28.1 million for 2024, down 41.7% from the $48.2 million profit it reported the year prior because it repositioned in balance sheet in December. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust reports $28.1M loss in 2024 because of ‘repositioning’ strategy

WESTERLY – Washington Trust Bancorp Inc. has posted a loss of $28.1 million for 2024 after the bank "repositioned" its balance sheet in December...
WASHINGTON TRUST BANCORP INC. says it will take a one-time $70 million loss in order to shed its balance sheet of low-yielding assets and to boost its earnings in the coming year and beyond. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust sells assets at a $70M loss to improve earnings...

WESTERLY – Washington Trust Bancorp Inc. says it is "repositioning" its balance sheet in a strategy that has the company selling off low-yielding assets...
BERKSHIRE HILLS Bancorp Inc. has agreed to merge with Brookline Bancorp Inc. in an all-stock transaction valued at $1.1 billion. Brookline owns Bank Rhode Island and Berkshire Hills owns Berkshire Bank. 

BankRI parent and Berkshire Bank parent strike $1.1B deal to merge

PROVIDENCE – Brookline Bancorp Inc., the parent company of Bank Rhode Island, and Berkshire Hills Bancorp Inc. have agreed to merge in an all-stock...
FINANCIAL MATTERS: Sen. Jack Reed speaks to parents and students about paying for higher education during a recent college financial aid workshop at the Community College of Rhode Island. 
PBN PHOTO/MICHAEL SALERNO

Those with student loan debt are finding forgiveness elusive

In October, Pawtucket kindergarten teacher Kelly Beckford received an early holiday gift from President Joe Biden, whose administration wiped away $46,000 of her student...

In the bank

How many times a month do you visit a bank branch on average? Rarely: 67% Once per month: 33% 2-5 times per month: 0% More than 5 times...

BankNewport Names Denise M. DiDonato Senior Vice President, Chief Credit Risk...

BankNewport announces that Denise M. DiDonato has been named senior vice president, chief credit risk officer. In this role, DiDonato has overall responsibility for...

TD Bank reports $181M quarterly loss in preparation for U.S. fines

TORONTO – TD Bank Group has reported a $181 million loss for the quarter that ended on July 31 after it had to set...
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