Financial Services
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KLR and Fay & Associates announce merger
The accounting firms of Kahn Litwin Renza & Co. Ltd. and Fay & Associates have merged effective Jan. 1, the firms announced Wednesday. more
| 1/2/13
BofA joins JPMorgan in having units ripe for sale, Mayo says
Bank of America Corp.’s brokerage and JPMorgan Chase & Co.’s asset-management division are among businesses ripe for divestiture if U.S. banks break up to improve stock prices, according to CLSA Ltd.’s Mike Mayo. more
Sullivan & Co. merges with BlumShapiro
Public accounting firm Sullivan & Co. LLP has merged with BlumShapiro, the largest New England-based accounting, tax and business consulting firm, effective Jan. 1. more
| 1/8/13
Flagstar announces sale of Northeast-based commercial loans
As part of a renewed focus on the Michigan area, Flagstar Bancorp Inc. has entered into a definitive agreement with a wholly-owned subsidiary of CIT Bank for CIT to acquire $1.264 billion in commercial loan commitments from Flagstar. more
| 1/3/13
Starkweather & Shepley ‘gets it right’ in Best’s Review magazine
Starkweather & Shepley Insurance Brokerage Inc. has been recognized as one of the “10 Agencies That Get It Right” by insurance industry publication Best’s Review magazine. more
| 1/3/13
Five Questions With: Ralph Valente
Senior vice president and director of marketing, strategy and communications at Rockland Trust talks about the BreakFACTS workshop series, which has the financial institution and Stonehill College teaming again to help small and mid-sized nonprofits. more
Loan to Potters Guild expected to create jobs
TAUNTON, Mass. – The South Eastern Economic Development (SEED) Corporation recently made a micro loan to Newport Potters Guild to enable the small business to start a pottery and clay art gallery and create four new jobs. more

By PBN Staff | 6/16/09
Understanding coverage can keep insured afloat
Superstorm Sandy was the third destructive storm to hit the East Coast in 14 months. The property destruction and interruption of business operations caused by the storm and the potential for storm-related losses during the winter are reminders of the importance of having insurance and understanding what to do in the event of an insured loss. more
Guest Column:
Michael McCormack | 1/14/13
Barnum Financial Group named MetLife’s 2012 firm of the year
Barnum Financial Group, an office of MetLife, has been named MetLife’s 2012 Firm of the Year. The company, which has five locations in Rhode Island, was also awarded the company’s highest management honor, the 2012 Individual Distribution Firm of the Year, the company announced recently. more
BofA finds profit in foreign credit maneuvers
Bank of America Corp. more than doubled its profits in 2012 -- with some help from the tax code. more
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