Rhode Island

Ronald McLean, who is chief engagement officer at the New York Credit Union Association, will take over at CCUA next month.

After a nearly $100,000 loss in 2018, $30 million-asset Alliance Blackstone Valley Federal Credit Union is set to merge into Rhode Island CU and its network of branches across the state.

The $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.

Clarfeld Financial Advisors will become a division of Citizens Bank Wealth Management.

The 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.

Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.

As other banks de-emphasize mortgage lending, Citizens is spending half a billion dollars to buy a large originator with a big servicing portfolio.

The company will snag its first branches in three towns in Connecticut and Rhode Island after buying locations from Webster Financial.

Citizens 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.

The company's deal for Coastway Bancorp in Rhode Island makes sense since both institutions are former credit unions.

This year marks the third consecutive year the league has awarded $125,000 to member credit unions.

Citizens 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.

Rhode Island’s oldest CU is adding branches in the southern part of state, including purchasing former bank branches.

Ned Handy, who will take the helm in March, wants to be more aggressive luring deposits in the company's home state. That should reduce its reliance on other funding sources to support loan growth.

Joseph MarcAurele will retire as chairman and CEO in March. The company's president and chief operating officer, Ned Handy, will take the helm.

A new TV program airing in Rhode island will highlight financial literacy and the benefits of banking with with credit unions.

RI’s State Treasurer will open deposit accounts with local CUs and banks.

The commercial-and-industrial loan space is overheated, higher rates could stifle mortgage refinancings, and subprime auto delinquencies are on the rise. Bankers could be fighting these fires and more in the new year.

John Woods will join the $147 billion-asset company on Feb. 13 before succeeding John Fawcett on March 4, Citizens said in a Wednesday press release.

Citizens Financial Group in Providence, R.I., hired a longtime executive at SunTrust Banks in Atlanta to lead its Southeast operations.