Centreville Bank

Overview / Commentary

401-827-5110

1218 Main Street
West Warwick, RI 02893

Centreville Bank is headquartered in WEST WARWICK and is the 5^th largest bank in the state of Rhode Island. It is also the 512^th largest bank in the nation. It was established in 1888 and as of March of 2023, it had grown to 228 employees at 16 locations. Centreville Bank's money market rates are 5X the national average, and it boasts an A+ health rating.

7-Month 5.25% APY And 15-Month 4.75% APY CD Specials 07-23-2023 - 7/23/2023

7-Month CD Special: 5.25% APY "Take advantage of our current 7-month CD Special with a 5.25% annual percentage yield (APY). A minimum of $1,000 in New Money is required to open and maintain an account. The total amount deposited to open the account must be all New Money. New Money is defined as money not on deposit with Centreville Bank within the last 30 days. A Personal Premium Checking Account or a Personal Premium Money Market Account is required." 15-Month CD Special: 4.75% APY One Penalty Free Withdrawal "Take advantage of our current 15-month CD Special with a 4.75% annual percentage yield (APY). A minimum of $1,000 in New Money to open and maintain an account. The total amount deposited to open the account must be all New Money. New Money is defined as money not on deposit with Centreville Bank within the last 30 days. A Personal Premium Checking Account or a Personal Premium Money Market Account is required." Direct link to the CD Specials: https://www.centrevillebank.com/Wa

View all posts from:

2023
2018
2016

7/23 - 7-Month 5.25% APY And 15-Month 4.75% APY CD Specials 07-23-2023

6/26 - Promo Money Market, 2.25% APY
5/3 - Centreville Bank's (RI) 1-Year CD Leaps Upward

6/27 - Centreville Bank (RI) Has Money Market Promotional Rate

Reviews (2)

Write a Review

Great local bank

Posted by: aishadurham | Sep 3, 2017

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.

Comment

Centerville Bank is a great local business

Posted by: martinakelly0 | May 25, 2017

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.

Comment

Health

A+

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	17764
Year Established	1888
Employees	228
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.32%
Return on Equity - YTD	2.05%
Annual Interest Income	$23.5MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$2.20B$1.88B
Loans	Q1 2023vs Q1 2022	$1.58B$1.23B
Deposits	Q1 2023vs Q1 2022	$1.67B$1.48B
Equity Capital	Q1 2023vs Q1 2022	$335.9MM$339.6MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$10.5MM$11.5MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$13.8MM$12.6MM
Real Estate Owned	Q1 2023vs Q1 2022	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Centreville Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.