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Citizens posts $253M Q2 profit with record noninterest income

PROVIDENCE – After a dramatic drop in profit margins in the first quarter, Citizens Financial Group Inc. saw second-quarter earnings rebound to $253 million,...

Justin Boudjouk

PBN 40 UNDER FORTY 2020 AWARD WINNER Justin Boudjouk, 38 | Senior vice president and senior director of risk management, Citizens Financial Group Inc. How...

Citizens announces $10M to support minority-owned small bizs, underserved communities

PROVIDENCE – Citizens Financial Group Inc. will invest $10 million in grants and donations to programs that support minority-owned small businesses, racial awareness and...
DUE DILIGENCE: BayCoast Bank Chief Information Officer Dan DeCosta says banks need to exercise caution, so as not to rush out new technology that creates more problems than solutions. / PBN PHOTO/RUPERT WHITELEY

Banking pushed further onto web, mobile devices

The financial sector long ago embraced online banking, but the coronavirus crisis has boosted use of the technology to new levels. Financial institutions reported an...

PBN announces 2020 40 Under Forty winners

PROVIDENCE – Forty young professionals have been chosen as the winners of Providence Business News’ 16th annual 40 Under Forty program, and will be...

Citizens Bank reports $34M profit in Q1 after increasing funds for...

PROVIDENCE – After adding $463 million in reserve funds for anticipated COVID-19 credit losses, Citizens Financial Group Inc. saw its quarter-one profit drop 92%,...

Citizens M&A serves as financial adviser on LegalPartners recapitalization

PROVIDENCE – Citizens M&A Advisory was recently highlighted for its role as the exclusive financial adviser to LegalPartners on its recapitalization, according to a...

Citizens M&A highlighted for work as financial adviser in recapitalization deal

PROVIDENCE – Citizens M&A Advisory served as the exclusive financial adviser to Chicago-based Workday services partner TopBloc on a recent recapitalization deal, according to a news...

Webster, Citizens named to Forbes’ 2020 Best Banks list

PROVIDENCE – Two local banks earned spots on Forbes’ 2020 America’s Best Banks list. Connecticut-based Webster Bank and Citizens Bank, in Rhode Island, both were...
THREE RHODE ISLAND companies earned a perfect score on the 2020 Corporate Equality Index conducted by the Human Rights Campaign Foundation. / COURTESY HUMAN RIGHTS CAMPAIGN FOUNDATION

3 R.I. companies score perfect on LGBTQ-inclusive workplace index

PROVIDENCE – Three companies headquartered in Rhode Island earned a perfect score on the Human Rights Campaign Foundation’s 2020 Corporate Equality Index, measuring LGBTQ-inclusive...

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