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Rhode Islanders Struggle After Insurance Fund Collapse
Rhode Island residents face financial limbo after Gov Sundlun closed 45 banks and credit unions awaiting federal insurance. The Heritage Loan failure triggered RISDIC intervention with embezzlement charges against Joseph Mollone Jr. And 1.7 billion in deposits were frozen across 300,000 accounts across the state.
MENTIONED IN THIS ARTICLE
Rhode Islanders
Providence
States
Russ Gorman
Walter Simmons
Gorman
Marquette Credit Union
Woonsocket
Cumberland
Rhode Island
Bruce G. Sundlun
Rhode Island Shares
Deposit Indemnity Corp
Heritage Loan and Investment Co
Risdic
Heritage
Joseph Mollcone Jr
Sundlun
Rhodesland Financial Institutions
Simmons
Marquette and
Provence Veterans
VA Credit Union
Marquette