Tag: Federal Deposit Insurance Corp.
Centreville, Bank of America named best R.I. banks by Newsweek
PROVIDENCE – Centreville Bank and Bank of America Corp. were recently recognized by Newsweek as the best small and big bank, respectively, in Rhode...
Caution in PPP loan spending bolsters Washington Trust Q3 deposits
WESTERLY – The Washington Trust Co. continues to see deposits increase, in part due to federal forgivable payroll loans that some recipients still haven’t...
Rockland Trust receives ‘Outstanding’ federal rating for community activity
PROVIDENCE – Rockland Trust received an “outstanding” rating by the Federal Deposit Insurance Corp. and Mass. Division of Banks in a recent evaluation of...
FDIC: R.I. banks and credit unions outperform national counterparts on key...
PROVIDENCE – Banks and credit unions continue to report major losses through the second quarter, although Rhode Island fares better than its national counterparts...
HarborOne Bank announces layoffs amid plans for new Boston branches
PROVIDENCE – HarborOne Bank will lay off 10% of its 450-person workforce in Massachusetts and Rhode Island, according to a news release.
The decision to...
What bank customers need to know: COVID-19 edition
PROVIDENCE – From reducing branch hours to deferring loan payments, banks across the state and the country are changing practices and policies in response...
FDIC: R.I. banks report increased revenue amid national decline
PROVIDENCE – Rhode Island banks and savings institutions bucked the national trend in 2019, reporting an increase in year-end revenue at a time when...
JPMorgan Chase recognized for financial literacy programs
PROVIDENCE – JPMorgan Chase & Co., which recently opened two Rhode Island Chase Bank branches with plans for five more this year, was recognized...
Banks expected to continue feeling squeeze in lending margins
For Marc Perlman, principal owner and CEO of Ocean State Job Lot, the Federal Reserve’s outlook for 2020 is the best business fortune he...
Feds to raise ceiling for home-sale appraisals
PROVIDENCE – For the first time in a quarter century, federal banking regulators are raising the minimal price for requiring appraisals on home sales.
Beginning...
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