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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...

Webster Bank grants $25,000 to Providence nonprofits

PROVIDENCE – Financial coaching and education for middle school boys are among the programs that benefited from grant funds through Webster Bank, according to...
GREGORY GOULD is vice president and SBA relationship manager at Webster Bank. / COURTESY WEBSTER BANK

Five Questions With: Gregory Gould

Gregory Gould, vice president and SBA relationship manager at Webster Bank, joined the bank four years ago after working at the U.S. Small Business...
THE SBA has named its top 6 local lenders for fiscal 2019.

SBA announces local lenders of the year

PROVIDENCE – The U.S. Small Business Administration has named its top local lenders for the 2019 fiscal year in an announcement Friday. The award winners...
WEBSTER FINANCIAL CORP. reported a third-quarter profit of $93.9 million, which Webster President and CEO John R. Ciulla attributed to year-over-year loan and deposit growth. /COURTESY WEBSTER BANK

Webster Bank reports $93.9M profit in Q3

PROVIDENCE – Webster Bank’s parent company Tuesday reported a third-quarter profit of $93.9 million, a 5.8% decrease from $99.7 in profit for the same...

Report: BofA drops to No. 2 in R.I. market share after...

PROVIDENCE – While other banks’ in-state deposits have remained relatively stable, Bank of America Corp.’s total Rhode Island deposits dropped by $5.4 billion as...

Webster Bank pitches in for Hurricane Dorian recovery

PROVIDENCE – Webster Bank is donating $30,000 to the American Red Cross to support disaster recovery efforts for communities in the southeastern United States...
PBN PHOTO/MIKE SKORSKI

JASON CAROSI, 37

40 Under Forty 2019 winner: JASON CAROSI | 37 SENIOR VICE PRESIDENT, SENIOR RELATIONSHIP MANAGER – WEBSTER BANK What is the best advice you have ever received?...
WEBSTER FINANCIAL CORP., the holding company for Waterbury, Conn.-based Webster Bank, reported net income of $96.2 million, or $1.05 per diluted share, in the quarter ended June 30. / PBN FILE PHOTO

Webster Bank posts 21% increase in quarterly profit

PROVIDENCE – Webster Bank’s holding company Thursday reported profit grew by 21% in the second quarter compared with the same period last year, driven...
CITIZENS BANK ranked well on a 2019 reputation survey conducted by American Banker and the Reputation Institute. / PBN FILE PHOTO/ELI SHERMAN

Citizens earns high praise in reputation survey report

PROVIDENCE – Citizens Bank ranked No. 3 for reputation with customers among 40 United States retail bank operations in the 2019 American Banker/Reputation Institute...
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