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Article: Hingham bank's earnings up 43%
- Article from:
- The Patriot Ledger Quincy, MA
- Article date:
- July 22, 2009
CopyrightCopyright 2009 The Patriot Ledger Quincy, MA. Provided by ProQuest LLC. (Hide copyright information)
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BUSINESS IN BRIEF
Hingham bank's earnings up 43%
HINGHAM - Hingham Institution for Savings announced that its
second-quarter earnings rose 43 percent to $2 million.
Deposits increased 25.3 percent from the previous year to $585.9
million. Loans increased 10.6 percent to $692.3 million.
President Robert Gaughen Jr. said the company set aside $450,000
for loan losses during the quarter as a precaution although it has
not experienced any net loan losses this year.
Emerson College to settle with state for $776,000
BOSTON - Emerson College will pay $776,000 to settle allegations
from Attorney General Martha Coakley that the Boston college
improperly steered students looking for loans to certain ...