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CITIZENS FINANCIAL GROUP announced that it will launch Citizens Access, a direct-to-consumer digital platform in the third quarter of 2018, offering FDIC-insured deposit products that will be separate from Citizens Bank. / BLOOMBERG FILE PHOTO/TY WRIGHT

Citizens to launch online-only digital deposit platform Citizens Access

PROVIDENCE – Citizens Financial Group Inc. will launch a nationwide direct-to-consumer digital platform called Citizens Access, an online-only platform offering Federal Deposit Insurance Corp.-insured...
HARBORONE BANK AND North Easton Savings Bank received positive grades from the Federal Deposit Insurance Corp. during recent evaluations for compliance with the Community Reinvestment Act.

HarborOne, North Easton Savings Bank score well on CRA compliance

PROVIDENCE – Two banks operating in southeastern Massachusetts received positive grades from the Federal Deposit Insurance Corp. during recent evaluations for compliance with the...
BANKNEWPORT has acquired Offshore Financial Corp. to operate as its marine-financing division./COURTESY OF BANKNEWPORT

BankNewport acquires Offshore Financial

NEWPORT – BankNewport has acquired a New Jersey financial company to operate as its marine-lending division. The Newport-based bank on Monday announced the purchase of...
THE FEDERAL DEPOSIT Insurance Corp. is using America Saves Week, spanning Feb. 26 to March 3, as an opportunity to encourage people to develop or review their financial goals.

FDIC: America Saves Week opportunity to build financial goals

PROVIDENCE – The Federal Deposit Insurance Corp. this week is encouraging people to recognize America Saves Week to develop or review their financial goals. The...
CITIZENS BANK MAINTAINED its status as the bank with the largest percentage of deposits in the region, according to the latest FDIC data. /PBN FILE PHOTO/NICOLE DOTZENROD

Citizens Bank grows share of deposits in the region

PROVIDENCE –Citizens Bank N.A. cemented its position as the bank in the region with the highest market share of deposits on June 30, according...
THE FEDERAL DEPOSIT Insurance Corp. and the Office of the Comptroller of the Currency recently issued a joint proposal that would reduce the standard settlement cycle for securities purchased or sold by national banks, federal savings associations and FDIC-backed institutions to two days from the current three-day cycle.

Federal agencies propose shortening settlement cycle for securities sales

WASHINGTON – Federal agencies last week proposed a new rule to shorten the settlement cycle for securities sales, which could save broker-dealers and financial...
FEDERAL AND STATE banking agencies, including the Federal Deposit Insurance Corp., have released supervisory practices related to financial institutions in impacted by Hurricane Harvey, which has reportedly devastated the Texas coast and flooded several inland areas.

Federal agencies provide guidance for financial institutions affected by Hurricane Harvey

WASHINGTON – Federal and state banking agencies released supervisory practices related to financial institutions impacted by Hurricane Harvey. The Office of the Comptroller of the...
THE FEDERAL Deposit Insurance Corp. tracks banking statistics for all financial institutions it insures. / PBN FILE PHOTO

Rhode Island banks profit at nearly triple the national rate

PROVIDENCE – Rhode Island-based banks grew profit at a much faster clip than the rest of the country during the first half of 2017,...
MARTIN J. GRUENBERG is chairman of the U.S. Federal Deposit Insurance Corp. / BLOOMBERG FILE PHOTO/DREW ANGERER

Federal banking agencies propose increase of commercial real estate appraisal threshold

WASHINGTON – In response to concerns raised about the cost and time associated with completing commercial real estate transactions, federal banking agencies are proposing...
SANTANDER BANK has named Robert Rubino, left, and Michael Cleary as co-presidents of the bank. /COURTESY SANTANDER BANK

Santander Bank in U.S. names Robert Rubino, Michael Cleary co-presidents

BOSTON – Santander Bank has named Robert Rubino and Michael Cleary to co-presidents of the bank. Rubino joins Santander from Citizens Financial Group Inc., where...

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