Tag: Banking
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...
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...