First Fidelity Bancorp., a partner in the...
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First Fidelity Bancorp., a partner in the banking industry’s biggest merger ever, reported flat earnings as consumers shifted their money out of deposit accounts and into higher-yielding certificates of deposits.
The results reflect a mixed picture in second-quarter bank earnings, with large money-center institutions reporting flat to weaker profits and regional banks benefiting from strong business and consumer loan demand.
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