624 results total, viewing 81 - 90
Citizens Financial Group Inc. last week donated a renovated, mortgage-free house to a Rhode Island combat-wounded military veteran and his family.
The house, arranged through the Military Warriors Support Foundation, was renovated by Citizens Bank colleagues and donated as part of the bank’s “ongoing commitment to supporting those served our country.”
Retired U.S. Army specialist Joshua Bacon, a combat engineer with the 41st Engineering Company, was awarded the house. Bacon sustained multiple injuries in 2009 while deployed in Afghanistan, according to the release.
“First and foremost my family and I would like to say ‘thank you’ to Military Warrior Support Foundation and Citizens Bank for such a generous act of kindness,” Bacon said in a statement. “Receiving a mortgage-free home will create opportunities for my family not just now, but for generations to come.”
Brad Conner, vice chairman and head of consumer banking at Citizens Bank, said in a statement the bank was honored to provide the home for Bacon and his family.
“At Citizens Bank our colleagues are committed to supporting the communities where we live and work and are truly excited to have helped refurbish this home for Joshua and his family,” Conner said.
In addition to the Warwick house, Citizens also gave Bacon $5,000 gift cards to purchase items for the home. Also attending the house-donating ceremony were Citizens Rhode Island president Marc Paulhus, Citizens Rhode Island market executive Barbara Cottam and Warwick Mayor Scott Avedisian, according to the release.
(Updated, 1 p.m.)
Bank of America Corp. agreed to pay about $16.7 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis.
By David McLaughlin, Tom Schoenberg and Hugh Son