Rhode Island

The Rhode Island institution's next CEO has led lending operations at nearby Navigant Credit Union since 2017.

Some states aren't waiting on the Federal Reserve to help with the historic hits to their budgets. Instead, they're working with a lender that they have a much longer history with: Bank of America.

The Rhode Island-based credit union also returned a patronage dividend to members for the 31st consecutive year.

The Massachusetts savings bank will gain branches in two communities as part of the acquisition.

Here's one way community banks are trying to win over commercial clients and wealthy households: by sharing internal research with them and positioning themselves as experts on everything from business sentiment to demographics.

Washington Trust warned that it could lose $3 million in annual revenue after two top advisers left to join a brokerage firm. Other banks are facing similar hits.

Centreville Bank will pay $116 million in cash for PB Bancorp.

Sean Daly, the Middletown, R.I.-based institution's CFO, will take over as president and CEO when Ellen Ford steps down in November.

More businesses are considering moving away from cash and checks, according to a recent survey by Citizens. That should be a wake-up call to smaller institutions, said Michael Cummins, who oversees treasury solutions at the regional bank.

The Rhode Island-based institution also finished building a 27,000-square-foot operations center and branch.