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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...
M. ANTHONY LOWE, a 32-year veteran of the Federal Deposit Insurance Corp., has been appointed the new ombudsman and director of the Office of the Ombudsman by the FDIC. /COURTESY FEDERAL DEPOSIT INSURANCE CORP.

Federal Deposit Insurance Corp. appoints new ombudsman

WASHINGTON – The Federal Deposit Insurance Corp. has appointed a new ombudsman to act as a liaison to bankers and the public. The FDIC this...
THE FEDERAL Deposit Insurance Corp. is warning bank customers against 10 scams targeting consumers this summer. /PBN FILE PHOTO

FDIC warns bank customers against 10 scams this summer

WASHINGTON – The Federal Deposit Insurance Corp. is warning bank customers against 10 scams targeting consumers this summer. The FDIC released a cheat sheet of...
THE FEDERAL Deposit Insurance Corp. tracks banking statistics for all financial institutions it insures. / PBN FILE PHOTO

R.I. banks’ Q1 profit more than double national average

PROVIDENCE – Rhode Island banks grew 2017 first-quarter profit at a faster clip than its peers nationwide, according to data released by the Federal...
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