Banking
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People’s Credit Union earns 5-star rating
People’s Credit Union has once again received a Superior 5-Star rating from BauerFinancial Inc. of Coral Gables, Fla., one of the nation’s leading bank and credit union rating and research firm. more
TIAA-CREF opens Providence office
TIAA-CREF, a leading financial services provider with more than 60 offices nationwide, has opened its newest office, located at Gateway Center, Suite 102, 15 Park Row West, Providence. more
BofA attracts record new assets in ’12
Bank of America Corp., the second-largest U.S. lender, attracted record new assets last year to its unit-servicing retirement and other employee-benefit plans as it cross-sold products through the commercial bank, Bloomberg News said Tuesday. more
BankRI employees help food bank surpass goal
Bank Rhode Island employees and customers spent 10 weeks this summer contributing to the Rhode Island Community Food Bank’s summer food drive, ultimately helping the organization to surpass its collection goal. more
10/1/12
BofA to pay $2.43 billion to end shareholder suit over Merrill
Bank of America Corp. agreed to a $2.43 billion settlement with investors who suffered losses during its acquisition of Merrill Lynch & Co., resolving one of the biggest legal battles to stem from the takeover. more
Homebuyer seminar set for Oct. 10
The Smaller Business Association of New England Inc. will continue its Rhode Island breakfast series continues on Oct. 10. Speaking on that day will be Dan Guglielmo of TrustDesign in Franklin. more
Mechanics Cooperative supports first-time homebuyers
Mechanics Cooperative Bank of Taunton has been honored by receiving the Massachusetts Housing Partnership’s 2012 HomeSafe Award. more
Webster Bank’s $750,000 provides for Fall River Jobs
Webster Bank has provided Jobs for Fall River Inc., a charitable organization with a $750,000 equity equivalent investment. more
Five Questions With: Kevin O’Connell
Partner at Posternak, Blankstein & Lund LLP talks about bank mergers and acquisitions. more
Campanelli to leave Flagstar
Former Sovereign Bank executive Joseph Campanelli is leaving his position as president and CEO of Flagstar Bancorp Inc. to pursue other interests, reported Crain’s Detroit Business. more
| 10/5/12
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