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Citizens Financial Group appoints new board member, another to retire

PROVIDENCE – Terrance “Terry” J. Lillis, a retired financial-services executive from the Midwest, will join Citizens Financial Group Inc.’s board of directors, effective Feb....
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...

Crowd cheers for Citizens Bank’s new corporate campus

JOHNSTON – Citizens Bank unveiled its new corporate campus Tuesday as several hundred employees and supporters – many wearing company green T-shirts - cheered...
AN ARTIST’S RENDERING of the inside of offices at Citizens Bank’s new corporate campus in Johnston. Public officials were expected to join the bank Tuesday to celebrate the opening of the complex off Interstate 295. / COURTESY CITIZENS BANK

Citizens Bank to celebrate opening of Johnston corporate campus

JOHNSTON – Citizens Bank is slated Tuesday to officially open its new corporate campus in Johnston. Rhode Island public officials and community leaders were...

Citizens donates $1M to Feeding America, announces partnership

PROVIDENCE – Citizens Financial Group Inc. donated $1 million to Feeding America, a national hunger-relief organization, the bank announced Tuesday, and joined the nonprofit...

Citizens to reshuffle Rhode Island workforce for new Johnston campus

PROVIDENCE – Citizens Financial Group Inc. is on schedule to open its new office complex in Johnston next month and to start moving between 3,000...
CITIZENS FINANCIAL GROUP on Friday reported 33.6 percent growth of net income on a 14.2 percent increase in total interest and non-interest revenue in the second quarter. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens reports double-digit revenue, profit growth in 2Q

PROVIDENCE – Citizens Financial Group Inc., parent company of Citizens Bank, Friday reported double-digit growth in net income and total revenue for the second...
AMAZON.COM INC., already a lender to small businesses, is now in early discussions to create a product for retail customers similar to checking accounts. / BLOOMBERG FILE PHOTO/JIM YOUNG

Amazon checking-account threat puts regional banks on defensive

NEW YORK - America’s regional banks are preparing to defend their turf.Amazon.com Inc., already a lender to small businesses, is now in early discussions to...
CITIZENS FINANCIAL Group Inc. is the Providence-based parent company of Citizens Bank, the largest Rhode Island-based bank. / BLOOMBERG FILE PHOTO/KELVIN MA

Citizens reports $388M Q1 profit

PROVIDENCE – Citizens Financial Group Inc. on Friday reported first-quarter profit grew 21.2 percent to $388 million, or 78 cents per diluted share, compared...
ADAPTING INDUSTRY: As consumer expectations for online banking grow with advancing technology, banks and credit unions must find ways to adapt to those expectations while keeping costs down.

As technology becomes increasingly intertwined with banking, it presents opportunity and...

When Lisa G. Dandeneau first joined Navigant Credit Union more than 22 years ago, one of her first tasks was to help launch online...
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