Centreville Bank is headquartered in West Warwick and is the 5th largest bank in the state of Rhode Island. It is also the 552nd largest bank in the nation. It was established in 1888 and as of March of 2021, it had grown to 208 employees at 19 locations. Centreville Bank has an A+ health rating.
Great local bank
I would highly recommend this bank. I have been coming to the branch in west Warwick pretty much my whole life. The service is excellent and its almost like cheers, where everyone knows your name. The building has a lot of character as well as it is a pretty old building in my branch. Only way I would change banks is if this one went out of business.
Centerville Bank is a great local business
This place has been around a long time, but I believe only in Rhode island. I have been with them since 1990 and have always had a pleasurable experience. When they rolled out the mobile banking it had some glitches that have since been fixed. Very happy to bank and support local.
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17764 |
| Year Established | 1888 |
| Employees | 208 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.13% |
| Return on Equity - YTD | 12.48% |
| Annual Interest Income | $14.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $1.91B$1.33B |
| Loans | Q1 2021vs Q1 2020 | $1.26B$847.2MM |
| Deposits | Q1 2021vs Q1 2020 | $1.50B$910.5MM |
| Equity Capital | Q1 2021vs Q1 2020 | $328.2MM$288.1MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $11.2MM$8.2MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $14.6MM$9.6MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |