Overview / Commentary
One Turks Head Place
Providence, RI 02903

Bank Rhode Island is headquartered in Providence and is the 3rd largest bank in the state of Rhode Island. It is also the 372nd largest bank in the nation. It was established in 1996 and as of December of 2018, it had grown to 290 employees at 20 locations. Bank Rhode Island has an A health rating.

Reviews (1)

Reasonably good small bank

Posted by: Cashmere27 | Dec 3, 2016

BankRI emphasizes for anyone who maintains a low balance in their checking account the need to open an overdraft, which is no-fee and just incredibly helpful for preventing the accrual of lots of fees if you bounce a check. The savings product I was enrolled in only allowed a couple of transfers a month, which seems strange since it was not tied to an investment or a high-yield account; now it has been converted into a second checking account. I would have preferred a simple traditional savings account with unlimited withdrawals and some sort of ability to accrue interest. The account fees run $6.99 a month each, with seems quite high. I try to avoid the Atwood Avenue branch because it had an issue with mold/mildew and set off my asthma.


Health Grade Components

FDIC Certificate #34147
Year Established1996
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD8.05%
Annual Interest Income$89.0MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$2.34B$2.23B
LoansQ4 2018vs Q4 2017$1.82B$1.72B
DepositsQ4 2018vs Q4 2017$1.71B$1.67B
Equity CapitalQ4 2018vs Q4 2017$299.8MM$286.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$17.5MM$15.7MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$15.1MM$8.8MM
Real Estate OwnedQ4 2018vs Q4 2017$401.00K$367.00K

Sorry, we do not have rate data for Bank Rhode Island.



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.