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CITIZENS FINANCIAL Group Inc. reported a profit of $1.61 billion in 2023, a decrease from $2.1 billion a year earlie. / COURTESY HORVATH & TREMBLAY

Citizens Financial’s profit drops 22% for 2023 to $1.61B

PROVIDENCE – Citizens Financial Group Inc.'s annual profit fell 22% to $1.61 billion in 2023 compared with a year earlier as the rising cost...

PBN’s most-read stories of 2023

From multimillion-dollar home sales across the state to high-profile and sometimes controversial real estate developments, corporate leadership shakeups and layoffs, to a sudden bridge...

Citizens invests $600K in statewide workforce development

PROVIDENCE – Citizens Financial Group Inc. on Tuesday announced a $600,000 commitment to local nonprofit and education organizations working to address the growing skills gap and...

Citizens Bank to close wholesale mortgage lending division

PROVIDENCE – Citizens Bank told its broker partners on Nov. 14 that it is closing its wholesale mortgage channel, according to a report by...
NEW DIGS: Bank Rhode Island recently opened this standalone branch on Oaklawn Avenue in Cranston. 
COURTESY BANK RHODE ISLAND/
ARTISTIC IMAGES

Branching out: In digital age, why are R.I. banks building more...

No one would blame Jack Murphy if he’s feeling a little under siege lately. As CEO and president of BankNewport, Murphy considers Aquidneck Island his...

Digital Account Opening for Citizens Business Banking customers now available

PROVIDENCE – Citizens Bank small-business customers can now open sole proprietorship deposit accounts through a new digital self-service channel, the bank announced earlier this...
EARLY START: Citizens Bank employees Johnny Perez, left, assistant vice president and scrum master, and Stephanie Cuevas, social media community manager, both came up through Year Up Inc.’s career development program. 
PBN PHOTO/MICHAEL SALERNO

From city neighborhoods to a career in banking

Johnny Perez never imagined that he’d work for a bank. Now he’s an assistant vice president at Citizens Financial Group Inc. in Providence. Eight years ago,...

R.I. Bankers Association launches ‘Bank Forward’ aimed at diversifying the workforce

PROVIDENCE – The Rhode Island Bankers Association is embarking on a three-year outreach initiative to educate and recruit a diversified workforce.  Known as "Bank Forward:...

Providence man sentenced 30 months for robbing 5 banks

PROVIDENCE – A city man was sentenced to 30 months in federal prison for robbing five banks across the state over five weeks in...

United Way, Citizens, Centreville Bank partner on free tax prep program...

PROVIDENCE – The Volunteer Income Tax Assistance program, led locally by the United Way of Rhode Island Inc., helped to put $21 million back...
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