Tag: Banking
Washington Trust posts $12.8M profit in Q1, down 22% from a...
WESTERLY – Washington Trust Bancorp Inc., the parent company of Washington Trust Co., on Monday reported a net income of $12.8 million in the...
Citizens Financial Group posts $511M profit in Q1
PROVIDENCE – Citizens Financial Group Inc. saw its profits increase 21% compared with a year ago, ending the first quarter with $511 million in earnings,...
Bank of America profits grow 15% in Q1, avoids industry crisis
NEW YORK (AP) – Bank of America Corp. said its profits grew 15% last quarter, the latest of the big banks to do exceptionally...
‘Digital bank’ launched for small businesses
PROVIDENCE - Connecticut-based Liberty Bank on Monday launched Owners Bank - a “digital bank” targeting small businesses in Rhode Island, Connecticut, Massachusetts and Pennsylvania....
Remove FDIC cap to prevent future panic
We learned the hard way in 1932 that a crisis in confidence, which could be sparked by baseless rumors, could create a bank run...
BayCoast Bank’s Kevin J. Briggs joins Foster Forward Board
Foster Forward, an East Providence based non-profit that empowers lives impacted by foster care is pleased to announce that Kevin J Briggs, Vice President...
Fidelity announces mutual fund to ETF conversions
PROVIDENCE – Fidelity Investments Inc. recently unveiled plans to convert six mutual funds into exchange-traded funds, according to a press release.
The conversions, which are...
Centreville Bank Promotes Leland R. Merrill to Executive Vice President, Chief...
Centreville Bank announced that Leland “Lee” Merrill has been promoted to executive vice president, chief lending officer. In this expanded role, Merrill is responsible...
Fraud, scam cases increasing on Zelle, Senate report finds
NEW YORK (AP) – Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report...
Student loan debt forgiveness could have big impact in R.I.
With tensions heightening for many borrowers as the federal government prepares to resume student loan payments at the beginning of next year following a...
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