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Tuesday, October 1, 1985
Volume:
1
Issue:
2
Abstract:
In early October, the U.S. Attorney's office for Rhode Island subpoenaed records concerning currency transactions at the Columbus National Bank of Rhode Island. The Rhode Island Hospital Trust Financial Corporation (RIHT) acquired Columbus National in August 1982, and merged it into its main banking subsidiary, Rhode Island Hospital Trust, in September 1984. The investigation may delay a merger between RIHT and the Bank of Boston Corp.