Centreville Bank is headquartered in West Warwick and is the 5th largest bank in the state of Rhode Island. It is also the 523rd largest bank in the nation. It was established in 1888 and as of June of 2020, it had grown to 182 employees at 16 locations. Centreville Bank's money market rates are 36% higher than the national average, and it boasts 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 Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17764 |
| Year Established | 1888 |
| Employees | 182 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.25% |
| Return on Equity - YTD | -6.32% |
| Annual Interest Income | $24.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $1.87B$1.25B |
| Loans | Q2 2020vs Q2 2019 | $1.28B$699.8MM |
| Deposits | Q2 2020vs Q2 2019 | $1.39B$921.8MM |
| Equity Capital | Q2 2020vs Q2 2019 | $301.3MM$296.5MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $9.5MM$5.8MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $13.0MM$1.0MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $404.00K$0 |