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Bristol County Savings Bank finalizes acquisition of Freedom National

TAUNTON – Bristol County Savings Bank has completed its acquisition of Freedom National Bank, the bank announced on Monday. The deal was finalized on July...

SBA: Citizens, BankNewport top list of lenders to R.I. small...

PROVIDENCE – Citizens Bank was the top lender to Rhode Island small businesses through the U.S. Small Business Administration’s 7a loan program from Oct....

Magaziner highlights BankLOCAL success

PROVIDENCE – Rhode Island’s BankLOCAL program has offered 348 small-business loans and moved $37.5 million in cash deposits to state banks and credit unions...
BRISTOL COUNTY SAVINGS BANK and Freedom National Bank have signed a definitive agreement in which BCSB will acquire and merge with Freedom National.

Bristol County Savings Bank enters into agreement to acquire Freedom National...

TAUNTON – Bristol County Savings Bank has entered into a definitive agreement to acquire and merge with Freedom National Bank, the banks announced on...
CITIZENS BANK N.A. reported a net income of $1.4 billion through the third quarter, according to financial data from the Federal Deposit Insurance Corp. Thursday. / BLOOMBERG FILE PHOTO/SCOTT EISEN

FDIC: 16 banks within R.I., Bristol County, Mass., report profit increases...

PROVIDENCE – Sixteen banks that operate in Rhode Island and Bristol County, Mass., reported increases in third quarter year-to-date profit from 2018, while seven...

BankNewport, Freedom National Bank join R.I.’s Bank Local program

PROVIDENCE – BankNewport and Freedom National Bank have joined General Treasurer Seth Magaziner’s Bank Local program, an initiative that incentivizes banks and credit unions...
IMPROVED PERFORMANCE: Stephen J. White, president and CEO of Westerly Community Credit Union, said the credit union’s net worth has improved since 2011 and it has had “very low delinquency” on loans in recent years.
 / PBN PHOTO/MICHAEL SALERNO

Strong ratings for banks, credit unions

Looking down the federal government’s list of failed banks since 2000, it’s hard to believe there was ever a banking crisis in New England...
FDIC statistics released Thursday show that Rhode Island banks and their counterparts nationwide are having a stellar year, boosting collective profits by 25 percent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

R.I. banks having a stellar year, FDIC report shows

PROVIDENCE – Bolstered by a large cut in the corporate tax rate, United States banks collectively are on a financial roll, and the nine...
PBN PHOTO/MICHAEL SALERNO

Five Questions With Brian J. Murphy

Brian J. Murphy | Chairman and CEO of Home Loan Investment Bank, president of Rhode Island Bankers Association 1. What are your responsibilities as...
LISA RANGLIN is the president of the Rhode Island Black Business Association, which has launched a statewide microlending program for minority-owned businesses, using a $100,000 award it received from the R.I. Commerce Corp. / COURTESY RHODE ISLAND BLACK BUSINESS ASSOCIATION

RIBBA launches $100K statewide microlending program

PROVIDENCE – The Rhode Island Black Business Association has launched a new statewide microlending program for minority-owned businesses. The new program, called the Microlending Initiative,...

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