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Ohio Is Open for Blockchain Business

August 7 — Ohio became a supporter of blockchain-based businesses on Aug. 3, when Governor John Kasich signed legislation enabling new uses for this cutting-edge technology.

Ohio is one of the first states to adopt legislation recognizing the use of blockchain technology to transmit and store electronic records in a broad range of industries, from financial services to supply chain management, real estate and healthcare. The state believes blockchain’s benefits include greater security of information, reduced costs and faster transactions. Cryptocurrencies such as bitcoin are just one way that blockchain technology can be used.

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Atlanta Fed Appoints Garratt to Nashville Branch Board of Directors

July 24 — John W. Garratt, executive vice president and chief financial officer of Dollar General Corporation, has been appointed to the board of directors of the Federal Reserve Bank of Atlanta’s Nashville Branch. Garratt’s term began June 7 and runs through December 31, 2020. He is filling an unexpired term.

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Citizens Financial Rolls out Direct-to-Consumer Digital Bank

July 10 — Providence, R.I-headquartered Citizens Financial Group Inc. has announced that it will launch Citizens Access, a nationwide, direct-to-consumer digital bank. The online platform will offer deposit products designed to serve digitally-savvy customers.

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Atlanta Fed Makes Three Officer Appointments

July 9 — Charles Weems has been named senior vice president in the Retail Payments Office, announced Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta. Bostic also named Laurel Graefe vice president and regional executive for the Nashville Branch of the Atlanta Fed and Phasteus Brooks as assistant vice president in Operations and Administrative Services.

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Washington Trust: A Blend of Past, Present and Future

By Kristin Rulon, Editor, Contract Publications

Building a successful company can be much like making a cup of coffee. Figuring out the right blend of beans and the cream-to-sugar ratio takes patience and practice. Similarly, it takes the right amount of each ingredient to create a sustainable and profitable business — it’s an art form not everyone can master. Washington Trust, however, has a recipe for success, blending its historical banking history and values with a modern, more technological approach to banking today.

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