INDUSTRY INSIGHTS YOUR PEERS ARE READING
Wealth management High net worth M&A Regional banks Rhode IslandClarfeld Financial Advisors will become a division of Citizens Bank Wealth Management. MORE
The Rhode Island bank is one of several regionals that have snapped up dealmaking boutiques in recent years to bolster noninterest income. M&A Commercial banking Capital markets Regional banks Citizens Financial MORE
M&A Originations MSR Consumer banking Regional banks Citizens Financial Rhode Island TennesseeAs other banks de-emphasize mortgage lending, Citizens is spending half a billion dollars to buy a large originator with a big servicing portfolio. MORE
The plaintiffs, who live in Michigan and Rhode Island, are trying to get class-action status for the lawsuit. A Morgan Stanley analyst has cut the price target on Apple from $240 to $231 in a note to investors, according to a report by CNBC. MORE
Today: Commerz pilots M2M; Postmates deploys robots; Libra encourages new technology; State Farm suffers a breach; Rhode Island issues crypto regulations. The information you need to start your day, from PaymentsSource and around the Web. MORE
Community banking Deposits Growth strategies Rhode IslandNed Handy, who will take the helm in March, wants to be more aggressive luring deposits in the company's home state. That should reduce the company's reliance on other funding sources to support loan growth. MORE
An executive at the Rhode Island company said the complexity of business lending remains an obstacle to switching to entirely automated, paperless operations. Machine learning Artificial intelligence Commercial lending Commercial banking Fintech APIs CIO Citizens Bank Green Dot MORE
The documents were provided to several media outlets by British journalist Duncan Campbell after he first submitted them to Congressman David Cicilline (D-Rhode Island), chairman of the U.S. MORE
In June, hackers stole secret plans to a supersonic missile for submarines, targeting an unnamed company that had a contract with the Navy in Rhode Island. Chinese hackers have targeted U.S. MORE
David Cicilline of Rhode Island, who serves on the antitrust subcommittee, have co-sponsored legislation where local news organizations can negotiate with larger platform companies over issues such as access. MORE
Sheldon Whitehouse (D-Rhode Island), included incentives for small business owners to retain ownership of their companies, as well as creditor protections. President Donald Trump has signed into law legislation that streamlines the bankruptcy process for small businesses and farmers. MORE
Citizens Access, the digital-only arm of Rhode Island-based Citizens Financial Group, has grown to about $4 billion in deposits, mostly from new customers outside the bank's traditional footprint, since its launch in July 2018. If you build it, the optimizers will come. MORE
states with the announcement that it’s added a proprietary license in Rhode Island. WorldRemit inched closer to its goal of obtaining its own money transmitter license in all available U.S. regulation-compliance regulation global MORE
The Rhode Island company is counting on disruption from the megamerger to accelerate its Southeast expansion, according to commercial banking chief Don McCree. MORE
(The Paypers) WorldRemit , a global digital remittances services, has announced that Rhode Island residents can securely send money overseas via its mobile app MORE
former president of the Massachusetts, New Hampshire and Rhode Island Credit Union Leagues. Alan Peppers Credit Union Association of Rhode Island CU 4 Reality CU 4 Reality Financial Literacy Fair CUNA CUNA GAC CUNA Mutual Group CUNAGAC Dan Egan Daniel F. MORE
The Rhode Island bank’s deposit costs nearly doubled in the first quarter, but CEO Bruce Van Saun says it has to go on the offensive to sustain loan growth. Deposits Commercial lending Consumer lending Growth strategies Earnings Interest rate risk Bruce Van Saun Citizens Bank MORE
Earnings Consumer lending Mortgages Home equity loans Regional banks Citizens Financial SunTrust Regions Bank Rhode Island Georgia AlabamaCitizens Financial, Regions and SunTrust reported strong gains in consumer banking, including loans made through partnerships with retailers and fintech lenders. They want to keep it up to compensate for slack in commercial lending. MORE
Like many states, Rhode Island has been gradually adapting its sales and use tax laws to the realities of the computerized age. That was a big step in bringing Rhode Island sales tax law into the modern age. Yet Rhode Island tax law was already a bit outdated by the time the 2011 law took effect. Rhode Island, at least, is not one of them. Learn more about Rhode Island’s new tax on SaaS in this Avalara blog. MORE
The startup with the least funding on the list is Rhode Island’s The Innovation Scout , a SaaS platform that has raised $50K. Rhode Island. Funding to artificial intelligence startups is soaring. Last year, VCs invested a record $9.3B MORE
The company's deal for Coastway Bancorp in Rhode Island makes sense since both institutions are former credit unions. Community banking M&A Credit unions Capital Growth strategies Mortgages Massachusetts Rhode Island MORE
Community banking Succession planning Growth strategies Rhode IslandJoseph MarcAurele will retire as chairman and CEO in March. The company's president and chief operating officer, Ned Handy, will take the helm. MORE
states: Indiana, Massachusetts, Nevada, New Jersey, Rhode Island, Arizona and Montana. The Swiss Financial Market Supervisory Authority (FINMA) has granted the first “banking and securities licenses” to two blockchain companies: SEBA Crypto AG and Sygnum AG. MORE
Earnings Consumer banking Commercial lending Bruce Van Saun Citizens Bank Rhode IslandThe Providence, R.I., company reported a 27% gain in profits thanks partly to a boost in fee income from its purchase of Franklin American Mortgage in August. MORE
In Rhode Island, there seems to be a groundswell to limit the interest rates that can be charged on card balances, at least in that state. Consumer Finance consumer finance credit card debt credit cards Editors' Picks Interest Rates News Rhode Island MORE
OCC orders USAA to improve risk management; White House's mixed signals complicate housing finance reform debate; Rhode Island bank snaps up dealmaking boutique; and more from this week's most-read stories. Penalties and fines Enforcement actions Data privacy Housing finance reform BB&T SunTrust USAA Deutsche Bank CFPB MORE
Compliance Charter conversions Citizens Bank Citizens Financial FDIC OCC Rhode Island PennsylvaniaCitizens Financial Group plans to merge its two banking charters into a single national bank. The move would make the OCC the bank's primary regulator and eliminate the costs of dealing with the FDIC and state officials. MORE
M&A Consolidations Community banking Deposits CRE New York New Hampshire New Jersey Connecticut Maine Massachusetts Vermont Rhode Island PennsylvaniaOnce a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis. MORE
The Rhode Island bank plans to build out its fee income capabilities, expand C&I lending in the Southeast, renegotiate vendor contracts and take other steps to produce expense cuts and revenue enhancements of at least $90 million. Earnings Expense management Commercial lending Consumer lending Net interest margin Middle market Bruce Van Saun Citizens Financial MORE
David Cicilline of Rhode Island. Big tech companies Facebook , Google and Amazon are going to be the subject of a new congressional hearing, in addition to the series of investigations ongoing from regulators and lawmakers already in motion, according to a report by Bloomberg. MORE
Region 1 overseas the following states: federally insured credit unions in Connecticut, Maine, Massachusetts, Michigan, New Hampshire, New York, Rhode Island, Vermont, and Wisconsin. NCUA announced Friday that it plans to shut down Region 1 as part of a restructuring of its operations. Region 3, based in Atlanta, is also marked for death. MORE
Community banking M&A Capital Growth strategies Massachusetts Connecticut Rhode IslandThe $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly. MORE
Real-time payments Community banks Growth strategies The Clearing House Association Citizens Bank Rhode IslandMore businesses are considering moving away from cash and checks, according to a recent survey by Citizens. MORE
That opens the door for producers from Southern Maine, New Hampshire, Western Massachusetts and Rhode Island.) When it comes to geography, Rhode Island, where the company is based, has advantages for a startup. MORE
Headquartered in Rhode Island, Citizens Bank is one of the largest and oldest financial institutions in the United States, according to its website. MORE
In other news, Rhode Island lawmakers have filed a bill to exempt certain blockchain tokens from securities laws. The U.S. MORE
The Rhode Island regional agreed to buy Franklin American Mortgage in a deal that will give it one of the nation's 15 largest bank-owned mortgage platforms. M&A Regional banks Mortgages MORE
The company listed Providence, Rhode Island; Colombia, South Carolina; Little Rock, Arkansas and Athens, Georgia as newly-added service areas. Postmates announced that it is expanding into 134 new cities so that it now covers 60 percent of the U.S. MORE
The company will snag its first branches in three towns in Connecticut and Rhode Island after buying locations from Webster Financial. Community banking M&A Branch network Branch deals Connecticut Massachusetts Rhode Island MORE
Keep in mind that we started the rollout earlier this year with Rhode Island (which has a relatively small population) and completed in all markets in June," Betty […]. Bank of America might have 25.3 million active mobile users, but only two million of those users are using the bank's virtual assistant Erica. That's not even 8%. MORE
Headquartered in Rhode Island, Citizens Bank is one of the largest and oldest financial institutions in the United States, according to its website. MORE
Sheldon Whitehouse (D-Rhode Island), would introduce incentives for small business owners that want to maintain ownership of their companies. According to The Wall Street Journal ( WSJ ) on Friday (Nov. 30), two U.S. MORE
The pilot service is currently offered at 19 Massachusetts store locations and two other locations in Rhode Island. From QSRs to casual dining operations, restaurants are tapping into mobile ordering to capture busy customers with no time to dine in. MORE
Legislators in Rhode Island, for example, debated allowing mobile sports betting after extending it to casinos. MORE
Rhode Island Related Topics PYMNTS
APRIL 9, 2019
In Rhode Island, there seems to be a groundswell to limit the interest rates that can be charged on card balances, at least in that state. Consumer Finance consumer finance credit card debt credit cards Editors' Picks Interest Rates News Rhode Island
BankThink
DECEMBER 12, 2018
Community banking M&A Capital Growth strategies Massachusetts Connecticut Rhode IslandThe $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.
Perficient Financial Servies
OCTOBER 8, 2018
Like many states, Rhode Island has been gradually adapting its sales and use tax laws to the realities of the computerized age. That was a big step in bringing Rhode Island sales tax law into the modern age. Yet Rhode Island tax law was already a bit outdated by the time the 2011 law took effect. Rhode Island, at least, is not one of them. Learn more about Rhode Island’s new tax on SaaS in this Avalara blog.
Payments Source
OCTOBER 17, 2016
states with the announcement that it’s added a proprietary license in Rhode Island. WorldRemit inched closer to its goal of obtaining its own money transmitter license in all available U.S. regulation-compliance regulation global
BankThink
MAY 27, 2019
Real-time payments Community banks Growth strategies The Clearing House Association Citizens Bank Rhode IslandMore businesses are considering moving away from cash and checks, according to a recent survey by Citizens.
PYMNTS
MARCH 4, 2019
In other news, Rhode Island lawmakers have filed a bill to exempt certain blockchain tokens from securities laws. The U.S.
BankThink
NOVEMBER 5, 2018
Wealth management High net worth M&A Regional banks Rhode IslandClarfeld Financial Advisors will become a division of Citizens Bank Wealth Management.
BankThink
MAY 22, 2018
The company will snag its first branches in three towns in Connecticut and Rhode Island after buying locations from Webster Financial. Community banking M&A Branch network Branch deals Connecticut Massachusetts Rhode Island
The Paypers
OCTOBER 18, 2016
(The Paypers) WorldRemit , a global digital remittances services, has announced that Rhode Island residents can securely send money overseas via its mobile app
BankThink
OCTOBER 19, 2018
Earnings Consumer banking Commercial lending Bruce Van Saun Citizens Bank Rhode IslandThe Providence, R.I., company reported a 27% gain in profits thanks partly to a boost in fee income from its purchase of Franklin American Mortgage in August.
BankThink
JULY 30, 2018
M&A Consolidations Community banking Deposits CRE New York New Hampshire New Jersey Connecticut Maine Massachusetts Vermont Rhode Island PennsylvaniaOnce a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.
BankThink
MAY 31, 2018
M&A Originations MSR Consumer banking Regional banks Citizens Financial Rhode Island TennesseeAs other banks de-emphasize mortgage lending, Citizens is spending half a billion dollars to buy a large originator with a big servicing portfolio.
BankThink
SEPTEMBER 26, 2017
Community banking Succession planning Growth strategies Rhode IslandJoseph MarcAurele will retire as chairman and CEO in March. The company's president and chief operating officer, Ned Handy, will take the helm.
BankThink
JANUARY 19, 2018
Earnings Consumer lending Mortgages Home equity loans Regional banks Citizens Financial SunTrust Regions Bank Rhode Island Georgia AlabamaCitizens Financial, Regions and SunTrust reported strong gains in consumer banking, including loans made through partnerships with retailers and fintech lenders. They want to keep it up to compensate for slack in commercial lending.
BankThink
MAY 10, 2018
Compliance Charter conversions Citizens Bank Citizens Financial FDIC OCC Rhode Island PennsylvaniaCitizens Financial Group plans to merge its two banking charters into a single national bank. The move would make the OCC the bank's primary regulator and eliminate the costs of dealing with the FDIC and state officials.
BankThink
SEPTEMBER 28, 2017
Community banking Deposits Growth strategies Rhode IslandNed Handy, who will take the helm in March, wants to be more aggressive luring deposits in the company's home state. That should reduce the company's reliance on other funding sources to support loan growth.
BankThink
FEBRUARY 19, 2019
The Rhode Island bank is one of several regionals that have snapped up dealmaking boutiques in recent years to bolster noninterest income. M&A Commercial banking Capital markets Regional banks Citizens Financial
BankThink
MARCH 20, 2019
An executive at the Rhode Island company said the complexity of business lending remains an obstacle to switching to entirely automated, paperless operations. Machine learning Artificial intelligence Commercial lending Commercial banking Fintech APIs CIO Citizens Bank Green Dot
Payments Source
AUGUST 9, 2019
Today: Commerz pilots M2M; Postmates deploys robots; Libra encourages new technology; State Farm suffers a breach; Rhode Island issues crypto regulations. The information you need to start your day, from PaymentsSource and around the Web.
BankThink
JUNE 11, 2019
The Rhode Island company is counting on disruption from the megamerger to accelerate its Southeast expansion, according to commercial banking chief Don McCree.
Bank Innovation
AUGUST 30, 2018
Keep in mind that we started the rollout earlier this year with Rhode Island (which has a relatively small population) and completed in all markets in June," Betty […]. Bank of America might have 25.3 million active mobile users, but only two million of those users are using the bank's virtual assistant Erica. That's not even 8%.
CU Insight
FEBRUARY 23, 2016
former president of the Massachusetts, New Hampshire and Rhode Island Credit Union Leagues. Alan Peppers Credit Union Association of Rhode Island CU 4 Reality CU 4 Reality Financial Literacy Fair CUNA CUNA GAC CUNA Mutual Group CUNAGAC Dan Egan Daniel F.
Bank Innovation
MARCH 5, 2019
Citizens Access, the digital-only arm of Rhode Island-based Citizens Financial Group, has grown to about $4 billion in deposits, mostly from new customers outside the bank's traditional footprint, since its launch in July 2018. If you build it, the optimizers will come.
BankThink
APRIL 18, 2019
The Rhode Island bank’s deposit costs nearly doubled in the first quarter, but CEO Bruce Van Saun says it has to go on the offensive to sustain loan growth. Deposits Commercial lending Consumer lending Growth strategies Earnings Interest rate risk Bruce Van Saun Citizens Bank
BankThink
MAY 31, 2018
The Rhode Island regional agreed to buy Franklin American Mortgage in a deal that will give it one of the nation's 15 largest bank-owned mortgage platforms. M&A Regional banks Mortgages
BankThink
FEBRUARY 22, 2019
OCC orders USAA to improve risk management; White House's mixed signals complicate housing finance reform debate; Rhode Island bank snaps up dealmaking boutique; and more from this week's most-read stories. Penalties and fines Enforcement actions Data privacy Housing finance reform BB&T SunTrust USAA Deutsche Bank CFPB
BankThink
JULY 21, 2017
The Rhode Island bank plans to build out its fee income capabilities, expand C&I lending in the Southeast, renegotiate vendor contracts and take other steps to produce expense cuts and revenue enhancements of at least $90 million. Earnings Expense management Commercial lending Consumer lending Net interest margin Middle market Bruce Van Saun Citizens Financial
New York's State of Mind
JULY 24, 2017
Region 1 overseas the following states: federally insured credit unions in Connecticut, Maine, Massachusetts, Michigan, New Hampshire, New York, Rhode Island, Vermont, and Wisconsin. NCUA announced Friday that it plans to shut down Region 1 as part of a restructuring of its operations. Region 3, based in Atlanta, is also marked for death.
PYMNTS
NOVEMBER 6, 2019
The documents were provided to several media outlets by British journalist Duncan Campbell after he first submitted them to Congressman David Cicilline (D-Rhode Island), chairman of the U.S.
CB Insights
MARCH 13, 2019
The startup with the least funding on the list is Rhode Island’s The Innovation Scout , a SaaS platform that has raised $50K. Rhode Island. Funding to artificial intelligence startups is soaring. Last year, VCs invested a record $9.3B
PYMNTS
AUGUST 26, 2019
states: Indiana, Massachusetts, Nevada, New Jersey, Rhode Island, Arizona and Montana. The Swiss Financial Market Supervisory Authority (FINMA) has granted the first “banking and securities licenses” to two blockchain companies: SEBA Crypto AG and Sygnum AG.
PYMNTS
AUGUST 28, 2019
Sheldon Whitehouse (D-Rhode Island), included incentives for small business owners to retain ownership of their companies, as well as creditor protections. President Donald Trump has signed into law legislation that streamlines the bankruptcy process for small businesses and farmers.
PYMNTS
MAY 30, 2019
The plaintiffs, who live in Michigan and Rhode Island, are trying to get class-action status for the lawsuit. A Morgan Stanley analyst has cut the price target on Apple from $240 to $231 in a note to investors, according to a report by CNBC.
PYMNTS
SEPTEMBER 2, 2019
Legislators in Rhode Island, for example, debated allowing mobile sports betting after extending it to casinos.
PYMNTS
OCTOBER 1, 2019
David Cicilline of Rhode Island. Big tech companies Facebook , Google and Amazon are going to be the subject of a new congressional hearing, in addition to the series of investigations ongoing from regulators and lawmakers already in motion, according to a report by Bloomberg.
PYMNTS
OCTOBER 18, 2018
The company listed Providence, Rhode Island; Colombia, South Carolina; Little Rock, Arkansas and Athens, Georgia as newly-added service areas. Postmates announced that it is expanding into 134 new cities so that it now covers 60 percent of the U.S.
PYMNTS
DECEMBER 14, 2018
In June, hackers stole secret plans to a supersonic missile for submarines, targeting an unnamed company that had a contract with the Navy in Rhode Island. Chinese hackers have targeted U.S.
PYMNTS
JUNE 17, 2019
That opens the door for producers from Southern Maine, New Hampshire, Western Massachusetts and Rhode Island.) When it comes to geography, Rhode Island, where the company is based, has advantages for a startup.
PYMNTS
OCTOBER 28, 2019
Headquartered in Rhode Island, Citizens Bank is one of the largest and oldest financial institutions in the United States, according to its website.
PYMNTS
OCTOBER 28, 2019
Headquartered in Rhode Island, Citizens Bank is one of the largest and oldest financial institutions in the United States, according to its website.
PYMNTS
DECEMBER 3, 2018
Sheldon Whitehouse (D-Rhode Island), would introduce incentives for small business owners that want to maintain ownership of their companies. According to The Wall Street Journal ( WSJ ) on Friday (Nov. 30), two U.S.
PYMNTS
JUNE 15, 2018
The pilot service is currently offered at 19 Massachusetts store locations and two other locations in Rhode Island. From QSRs to casual dining operations, restaurants are tapping into mobile ordering to capture busy customers with no time to dine in.
PYMNTS
JUNE 11, 2019
David Cicilline of Rhode Island, who serves on the antitrust subcommittee, have co-sponsored legislation where local news organizations can negotiate with larger platform companies over issues such as access.
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