Banking
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Sovereign hits customers with new fees on accounts
Sovereign Bank N.A., a unit of Banco Santander S.A., has increased its existing fees on checking account customers and added entirely new fees, the latest in a handful of local and national banks to do so, reported the Boston Globe. more
| 1/22/13
Five Questions With: Joseph Tavares
Business officer/vice president at Rockland Trust Co. talks about the bank’s small-business lending work. more
Conn.-based SI Financial Group buying Newport Fed
Newport Bancorp Inc., parent company of Newport Federal Savings Bank, is being bought by SI Financial Group Inc., the parent of Savings Institute Bank and Trust Company, for a combination of stock and cash valued at about $61.3 million. more
| 3/5/13
Patricia Placencia
Age: 32 more
7/23/12
Alex and Ani taps Bank of America
Alex and Ani Inc. has chosen Bank of America to support and grow its retail operations domestically and worldwide. more
Bristol County Savings Bank foundation donates $33K
Bristol County Savings Bank and its charitable foundation has recently awarded ten grants to Pawtucket area organizations, totaling $33,360. more
Five Questions With: Leland Merrill Jr.
The executive vice president of commercial lending at BankNewport talks about the effects of low interest rates on residential lending. more
BofA posts lower 3Q profit on Merrill legal costs
Bank of America Corp., the second- largest U.S. lender, said third-quarter profit dropped 95 percent on litigation expenses and an accounting charge tied to the firm’s debt. more
Bristol County Savings acquires 4 new branches
Bristol County Savings Bank is acquiring four branches – in Fall River, New Bedford and Raynham – from Boston-based Admirals Bank. more
Rockland parent posts mixed results in 3Q
Independent Bank Corp., the parent company of Rockland Trust Co., has announced net income of $11.6 million, or 53 cents per diluted share, for the third quarter of 2012, a three percent decrease year-over-year from the third quarter 2011, but a 23 percent increase from the three months ended June 30. more
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