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Newport Bancorp Inc., the holding company for Newport Federal Savings Bank has posted a third quarter net income of $417,000, or 12 cents per diluted share, a 33 percent increase from the $278,000, or 8 cents per diluted share, posted for the quarter ended Sept. 30, 2011.
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By Michael Souza |
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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.
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By Michael Souza |
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J.M. Doherty Insurance Agency Inc. and BayCoast Bank affiliate Partners Insurance Group LLC have entered into an agreement for J.M. Doherty to become the sixth privately owned local insurance agency in the Partners Insurance Group network.
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By PBN Staff
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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.
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By Hugh Son |
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A new financial empowerment plan, Empower RI, was announced Tuesday by R.I. General Treasurer Gina M. Raimondo.
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By Michael Souza |
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As many as 500 TD Bank customers in Rhode Island and 73,000 in Massachusetts could be affected by the loss of two data backup tapes that contained personal information such as Social Security numbers and driver's license numbers.
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By Michael Souza |
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Webster Financial Corp., the holding company for Webster Bank, posted a net income of $44.4 million, or $.48 per diluted share, for the quarter ending Sept. 30., an increase of 7 percent when compared to the same quarter in 2011.
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By Michael Souza |
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RBS Citizens Bank remained Rhode Island’s leading deposit holder during the fiscal year ended June 30, according to the Federal Deposit Insurance Corporation.
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By PBN Staff
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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.
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By PBN Staff
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For the second consecutive year, The Washington Trust Company and its parent company, The Washington Trust Bancorp Inc., have been selected as one of the country’s best banks by the the Bank Director 2012 annual bank performance scorecard.
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By Michael Souza |
