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SHRINKING NUMBERS: Local banks have seen their net interest margin getting smaller over the last 12 months, which translates to lower interest income. That situation isn’t expected to change much in 2020./ SOURCES: SEC FILINGS; FDIC QUARTERLY BANKING PROFILE

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...
CITIZENS BANK predicts steady activity and a seller's market in its 2020 Mergers & Acquisitions Outlook. / BLOOMBERG NEWS FILE PHOTO/SCOTT EISEN

R.I. business confidence rises from previous year in Q3

PROVIDENCE – Business confidence in the third quarter of 2019 in Rhode Island has improved from one year prior, according to Citizens Bank. The Rhode...
PBN PHOTO/MICHAEL SALERNO

Five questions with Keith Kelly

Keith Kelly | Rhode Island market president, Citizens Bank 1. What are your primary duties? A key part of the job is representing Citizens at...
AT THE TOP: Keith Kelly oversees the financial aspects of Citizens Bank’s Rhode Island operation as state president. He’s highly involved in the philanthropy side of the business, too. 
 / PBN PHOTO/MIKE SKORSKI

Keith Kelly, 25 Over Fifty-five

25 Over Fifty-Five 2019 Award Winner KEITH KELLY | Rhode Island state president, Citizens Bank KEITH KELLY IS Rhode Island state president of Citizens Bank...
PBN PHOTO/MICHAEL SALERNO

Five Questions With Keith Kelly

1. What would you say is most challenging about serving as Citizens’ Rhode Island president? The new position has given me an opportunity to...
KEITH KELLY is Citizens Bank Rhode Island president./COURTESY CITIZENS BANK

Citizens names new Rhode Island bank president

PROVIDENCE – Citizens Financial Group Inc. on Friday named Keith Kelly the new Citizens Bank Rhode Island president. Kelly, a 21-year banking veteran, replaces Marc...
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