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CITIZENS FINANCIAL GROUP, its Providence headquarters shown here, reported net income of $443 million in third quarter, up from $425 million in the previous quarter and $348 million a year earlier. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

Citizens reports 27% profit growth in Q3

PROVIDENCE – Citizens Financial Group Inc., the holding company for Citizens Bank, on Friday reported a $443 million quarterly profit, or 91 cents per...

Citizens Bank could withstand deep recession, stress test shows

PROVIDENCE – A deep, prolonged recession would cost Providence-based Citizens Bank billions of dollars, but the bank would be able to withstand it, according...

FDIC: Retail bank deposits up 5.6% in Bristol County, Mass.,...

PROVIDENCE – Retail banking deposits in Bristol County, Mass., grew by 5.6 percent during fiscal year 2018, ended June 30, new federal banking statistics...

Report: Bank of America takes lead in bank deposits within Rhode...

PROVIDENCE – Rhode Island consumer banking has become a little less local, as Charlotte, N.C.-based Bank of America now has the most in-state deposits,...

Citizens Bank rated ‘outstanding’ for community reinvestment by OCC

PROVIDENCE – Citizens Bank has received a community reinvestment rating of “outstanding” from the U.S. Office of the Comptroller, or OCC, following its latest...
BARBARA COTTAM, chair of the R.I. Board of Education, spoke at the Computer Science for Rhode Island Summit held on Dec. 13 at the University of Rhode Island. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

Two sections of Newport targeted for revitalization grants

PROVIDENCE – Newport may be known for its seaside mansions, but two neighborhoods in the community are being targeted for revitalization efforts.Citizens Bank’s charitable...

Five Questions With: Jack Murphy

Jack Murphy is the president of business banking at Citizens Bank. His business banking team at the Providence-based bank serves companies with up to...

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....

Citizens Bank antes up for needy through food bank program

PAWTUCKET – Citizens Bank, Cox Communications and the Pawtucket Red Sox partnered recently to raise $60,000 for the Rhode Island Community Food Bank. The gift...
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...
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