Friday, September 11, 2026

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FEDERAL CHANGE: Citizens Bank, the state’s largest nationally chartered bank, and other national banks could see some benefit from a new rule issued by federal regulator Office of the Comptroller of the Currency on mortgage escrow accounts. 
COURTESY CITIZENS FINANCIAL GROUP INC.

New federal escrow rule could cloud mortgage market


For thousands of Rhode Island homeowners, the outcome of a legal fight over mortgage escrow accounts could determine whether money they set aside for...
PROVIDENCE-based Citizens Financial Group, the holding company for Citizens Bank, increased the holdings of its wealth management clients in Bank of America by 484 percent in the last quarter. The two financial institutions are the No. 1 and No. 2 largest consumer banks in Rhode Island based in local deposits. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens purchases Tenn. mortgage servicing company for $511M

PROVIDENCE – Citizens Financial Group Inc. has entered into an agreement to have Citizens Bank N.A. acquire the assets of Tennessee-based Franklin American Mortgage...
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