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BAYCOAST BANK, one of its Rhode Island branches shown here, is one of the few banks in the area that openly court deposits from marijuana-related businesses. The Swansea, Mass.-based community bank decided to take the step nearly a year ago as more marijuana-related businesses were opening after Massachusetts began licensing recreational marijuana dispensaries, in addition to medical marijuana dispensaries previously legalized in Massachusetts and Rhode Island./COURTESY/BAYCOAST BANK

BayCoast accepts marijuana-industry deposits

Legalizing marijuana is one thing, banking on it is another. At least one bank in the area, however, is venturing into those waters –...

Marijuana businesses need banks

BayCoast Bank is setting a much-needed standard locally with its public acceptance of deposits from businesses in the burgeoning marijuana industry. The Swansea-based bank has...
CITIZENS BANK reported net income of $439 million in the first quarter, an increase of 13.1% over the same 2018 period. / BLOOMBERG NEWS FILE PHOTO/SCOTT EISEN

Citizens grows Q1 profit 13%

PROVIDENCE – Citizens Financial Group Inc. posted net income of $439 million in the 2019 first quarter, an increase of 13.1% from the same...
SERVICE SHIFT: William F. Hatfield, Bank of America’s market president in Rhode Island, said financial centers have become less a destination for a transaction and more a place for advice and a conversation.
 / PBN PHOTO/RUPERT WHITELEY

Technology turns BofA branches into ‘financial centers’

William F. Hatfield, Bank of America Corp.’s market president in Rhode Island, discusses the bank’s local growth and ways it can help spur development...
BANK OF AMERICA reported a net income of $7.2 billion in the third quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

Bank of America’s deposits surge in R.I. on mobile banking

Going by the numbers, Bank of America had a banner year in Rhode Island. Its deposits within the state skyrocketed to $12.4 billion as...
PBN PHOTO/DAVE HANSEN

Five Questions With Mark J. Meiklejohn

Mark J. Meiklejohn | President and CEO, Bank Rhode Island 1. What drove Bank Rhode Island’s increased profit this year? Bank Rhode Island is...

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