Banking
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Westerly Community CU sponsoring scholarships
The Westerly Community Credit Union is sponsoring three scholarships for high school students planning a college major in business or information technology. more
Flagstar sees $422M jump in profits
Flagstar Bancorp Inc. has seen a dramatic turnaround to its bottom line for 2012, with an improvement of $422.6 million over 2011, according to a Jan. 24 story in Crain’s Detroit Business. more
RBS fined $612M by regulators for manipulating Libor
Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender and the parent company of Citizens Bank, will pay about $612 million in fines for manipulating interest rates, the second- largest penalty imposed in a global regulatory probe. more
Rockland gives Embrace line of credit
Rockland Trust provided a $20 million line of credit to Newport-based Embrace Home Loans, according to a press release from the bank. more
Credit for Life offers financial literacy training
The Greater New Bedford Regional Vocational Technical High School hosted the first Credit for Life Fair on Jan. 23 that offered experiences in financial literacy to 560 students in the junior class. more
Five Questions With: James C. Smith
Webster Financial Corp. chairman and CEO talks about the fourth quarter of 2012, as well as the year as a whole. more
R.I. banks offer best 2-year returns in the U.S., study says
Accounts held in Rhode Island banks and credit unions offer some of the highest return rates in the nation, according to a newly released study from GoBankingRates.com. more
BankRI parent sees profits rise in 4Q, 2012
Brookline Bancorp Inc. – the parent company of Bank Rhode Island – saw its bottom line soar 66.1 percent during the fourth quarter of 2012 and 33.1 percent over the year as a whole, the bank announced Thursday. more
| 1/31/13
Wash Trust: record profit in ’12
Washington Trust Bancorp Inc., parent of The Washington Trust Co., posted record earnings of $35.1 million for 2012, an 18 percent increase in net income compared with $29.7 million in 2011. more
Pa.-based bank buys Flagstar’s New England business
(Updated, 12:20 p.m.) Customers Bank has announced the acquisition of all local New England commercial banking business from Michigan-based Flagstar Bank, according to a Customers Bank press release. more
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