Tag: Deposits
Bank of America profits grow 15% in Q1, avoids industry crisis
NEW YORK (AP) – Bank of America Corp. said its profits grew 15% last quarter, the latest of the big banks to do exceptionally...
As new deposits slow, bank strategies evolve
The billions of dollars doled out in forgivable small-business loans and personal stimulus checks made their way to recipients through their bank accounts.
The result:...
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 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...
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’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...
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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