Tag: Banking
BankNewport grant supports financial, health coaching for 10 R.I. families
NEWPORT – BankNewport has awarded a $10,000 grant to the Capital Good Fund to support its Financial and Health Coaching Program, which will assist...
SEC filing of the week: Eastern Bank’s $490M merger with HarborOne...
PROVIDENCE – Eastern Bankshares Inc.'s $490 million merger with HarborOne Bancorp Inc., the holding company of HarborOne Bank, is nearly complete.
In its filing with...
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
WASHINGTON (AP) – The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President...
Federal Reserve leaves its key rate unchanged but sees 2 cuts...
WASHINGTON (AP) – Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of...
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...
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...
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 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...
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...
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