Banking
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NeighborWorks BRV named ‘champions’
Citizens Bank and WJAR-TV NBC 10 have named NeighborWorks Blackstone River Valley in Woonsocket a 2012 Champion in Action in the category of neighborhood development. more
BankNewport contributes to mentoring program
BankNewport is helping middle-school students stay on the right track with a $3,000 grant to help fund the expansion of the Bristol-Warren School Mentoring Program. more
7/16/12
Webster revenue up 6% in 2Q
Webster Financial Corp., the holding company for Webster Bank, has announced net income available to common shareholders of $40.6 million, or $.44 per diluted share, for the quarter ended June 30 up 6 percent from $38.3 million, or $.42 per diluted share for the first quarter ended March 31. more
BankRI Gallery features Cranston artist
The BankRI Pitman Street Gallery is presenting “Photographs by David Silverman” through Aug. 1. showcasing the art of a local photpgrapher. more
Washington Trust helps out food bank
Washington Trust officers and supervisors recently volunteered at the Rhode Island Community Food Bank as part of the bank’s Care Day Program. Volunteers participated in a variety of tasks throughout the day including inspecting, sorting, labeling and packing donated food in the bank’s production warehouse. By volunteering, Washington Trust employees enable the food bank to provide food assistance to those in need. more
Rockland Trust presents summer reading initiative
For the fourth consecutive year, Rockland Trust presents the Reading Makes Cent$ program, a summer program to encourage literacy and fiscal responsibility among young people. more
Washington Trust issues scam alert
The Washington Trust Co. has been alerted by authorities regarding a text message scam that was sent to individuals in the Rhode Island, Massachusetts and Connecticut area. more
Sovereign seen unaffected by European fiscal woes
By this time next year, Sovereign Bank will have completed its national transformation to Santander Bank, part of the Spanish-owned Banco Santander SA, one of the largest banks in the world. more
Teacher’s account drained for 30-year-old default
Lawyers drained Linda Brice’s bank account and seized a quarter of her take-home pay, or more than $900 a month. Brice, a first-grade teacher and Coast Guard veteran, begged for mercy, saying she couldn’t afford food, gas or utilities. more
Bloomberg News | 7/9/12
Bauer: People’s rates as 5-Star institution
MIDDLETOWN – BauerFinancial Inc., a credit-union rating and research firm, has given People’s Credit Union a 5-Star Superior rating. A 5-Star ranking indicates PCU is one of the strongest credit unions in the nation. To earn this rating, PCU excelled in areas of capital quality, asset quality, profitability and more. People’s Credit Union has earned this 5-Star Superior rating for 82 consecutive quarters, which puts it in an elite group of “Sustained Superiority Credit Unions.” Only 7 percent of the nation’s credit unions can claim this distinction. more
7/9/12
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