Bank Rhode Island
FDIC #34147
📍 Providence, Rhode Island
Bank Rhode Island is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in March 22, 1996. With assets of $3.21 Billion, it operates 0 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: September 9, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
September 9, 2024
Satisfactory
May 16, 2022
Satisfactory
February 10, 2020
Satisfactory
💰 Financial Strength
Total Assets$3.21 Billion
Total Deposits$2.54 Billion
Equity Capital$334.93 Million
Net Income$18.66 Million
📈 Performance
ROA0.77%
ROE7.78%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedMarch 22, 1996
FDIC Cert34147
Holding CoBrookline Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 4:00 PM
Tuesday8:30 AM - 4:00 PM
Wednesday8:30 AM - 4:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2000
Relocation
Moved HQ to: One Turks Head Place, Providence, RI 02903.