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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...

East Greenwich bank agrees to revamp its management practices

EAST GREENWICH – Federal and state regulators and Independence Bank of East Greenwich have reached a consent agreement in which the bank must ensure...
WASHINGTON TRUST BANCORP ranked No. 33 among best-performing community banks with assets between $3 billion and $10 billion in 2018. Above, Washington Trust Chairman and CEO Edward O. Handy III. / PBN FILE PHOTO MICHAEL SALERNO

Report: 2 R.I. community banks among top performing in U.S.

PROVIDENCE – Two Rhode Island financial institutions were named among the best performing community banks and credit unions in the nation by S&P Global...
HARBORONE BANK of Warwick was among six banks and business finance firms honored as exemplary lenders for small business in a recent ceremony by the U.S. Small Business Administration. Shown above are (left to right) SBA Regional Administrator Wendell Davis, HarborOne Bank Vice President Joseph Hindle, and SBA Regional Director Mark Hayward. / COURTESY/U.S. SMALL BUSINESS ADMINISTRATION

SBA honors R.I. small-business lenders of the year

LINCOLN – Four banks and two business finance firms in Rhode Island were honored as exemplary lenders to small businesses by the U.S. Small...
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...

SBA-backed loans in R.I. decline in first half of fiscal 2018

PROVIDENCE — Halfway through the current fiscal year, the U.S. Small Business Administration has guaranteed 7.5 percent less in loans to local businesses, even...

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