Centreville Bank is headquartered in West Warwick and is the 5th largest bank in the state of Rhode Island. It is also the 572nd largest bank in the nation. It was established in 1888 and as of June of 2022, it had grown to 227 employees at 17 locations. Centreville Bank's money market rates are 3X the national average, and it 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 Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17764 |
| Year Established | 1888 |
| Employees | 227 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.1% |
| Return on Equity - YTD | -6.13% |
| Annual Interest Income | $30.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $1.91B$1.88B |
| Loans | Q2 2022vs Q2 2021 | $1.29B$1.24B |
| Deposits | Q2 2022vs Q2 2021 | $1.47B$1.47B |
| Equity Capital | Q2 2022vs Q2 2021 | $323.5MM$337.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $12.2MM$11.3MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $11.8MM$14.1MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |