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Citizens reports $1.8B profit in 2019

PROVIDENCE – Citizens Financial Group Inc., the holding company for Citizens Bank brought in a $1.8 billion profit in 2019, adding $70 million, or...

New apartments proposed for historic Citizens Bank property

PROVIDENCE – A redevelopment plan for the historic Citizens Bank property on Westminster Street has received preliminary approval from the City Plan Commission. The West...
SHRINKING NUMBERS: Local banks have seen their net interest margin getting smaller over the last 12 months, which translates to lower interest income. That situation isn’t expected to change much in 2020./ SOURCES: SEC FILINGS; FDIC QUARTERLY BANKING PROFILE

Banks expected to continue feeling squeeze in lending margins

For Marc Perlman, principal owner and CEO of Ocean State Job Lot, the Federal Reserve’s outlook for 2020 is the best business fortune he...
BAUER FINANCIAL has released its most recent ratings of the financial strength of local banks and credit unions.

Several local banks receive top financial strength rating from Bauer Financial

PROVIDENCE – Nine local banks and 24 local credit unions were recognized with five-star ratings by Bauer Financial, according to the company this week. An...
THE VOLUNTEER Income Tax Assistance program, managed by United Way of Rhode Island and Citizens Bank, saved taxpayers $27 million in Rhode Island in 2019.

VITA saves taxpayers $27M in 2019

PROVIDENCE – The Volunteer Income Tax Assistance program helped save taxpayers in the state $27 million in 2019, United Way of Rhode Island said...

American Banker names Citizen’s Van Saun Banker of the Year

PROVIDENCE – American Banker has named Citizens Financial Group Inc. CEO Bruce Van Saun Banker of the Year this week. The publication cited Van Saun’s...
CITIZENS BANK N.A. reported a net income of $1.4 billion through the third quarter, according to financial data from the Federal Deposit Insurance Corp. Thursday. / BLOOMBERG FILE PHOTO/SCOTT EISEN

FDIC: 16 banks within R.I., Bristol County, Mass., report profit increases...

PROVIDENCE – Sixteen banks that operate in Rhode Island and Bristol County, Mass., reported increases in third quarter year-to-date profit from 2018, while seven...
RHODE ISLAND business confidence increased year over year in the third quarter of 2019, according to Citizens Bank. / BLOOMBERG FILE PHOTO/SCOTT EISEN

R.I. business confidence rises from previous year in Q3

PROVIDENCE – Business confidence in the third quarter of 2019 in Rhode Island has improved from one year prior, according to Citizens Bank. The Rhode...
CITIZENS BANK announced a partnership with software giant Microsoft and online retail giant Amazon to provide no-interest financing for consumers wanting to buy the Xbox All Access program. Shown here is an Xbox One video game console at a Wal-Mart store in Los Angeles / BLOOMBERG NEWS FILE PHOTO/PATRICK T. FALLON

Citizens Bank partners with Microsoft and Amazon on consumer financing

PROVIDENCE – Citizens Bank announced a partnership Tuesday with two of America’s corporate giants – Microsoft Corp. and Amazon.com Inc. – in which the...

Citizens Financial Group announces $450M stock offering

PROVIDENCE – Rhode Island’s largest bank is making a habit of having stock offerings following the release of its quarterly financial reports. Providence-based Citizens Financial...
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