Banks in Rhode Island
Deposit market share, branch network and structure changes for Rhode Island, from official FDIC data.
Active branches
248
Deposits (2026)
$45.2B
Closings on record
50
Openings on record
48
Largest retail branch networks in Rhode Island (2026)
| Bank | Deposits | Share | YoY | Branches |
|---|---|---|---|---|
| Citizens Bank | $16.2B | 35.7% | -4.1% | 53 |
| Bank of America | $9.8B | 21.7% | +10.3% | 24 |
| The Washington Trust Company, of Westerly | $5.3B | 11.6% | +6.4% | 28 |
| Beacon Bank and Trust | $2.8B | 6.2% | — | 27 |
| Santander Bank | $2.7B | 5.9% | +0.4% | 25 |
| BankNewport | $2.4B | 5.4% | +5.4% | 20 |
| Centreville Bank | $1.8B | 4% | +8.2% | 16 |
| TD Bank | $1.4B | 3% | -4.9% | 9 |
| Eastern Bank | $686M | 1.5% | — | 8 |
| Chase Bank | $614M | 1.4% | +18.6% | 16 |
| BayCoast Bank | $292M | 0.6% | +4.7% | 7 |
Includes institutions reporting at least five active branches in Rhode Island. Deposit share is calculated against all deposits assigned to Rhode Island offices, so the shares shown do not sum to 100%.
All institutions by deposits assigned to Rhode Island offices
| Bank | Deposits | Share | YoY | Branches |
|---|---|---|---|---|
| Citizens Bank | $16.2B | 35.7% | -4.1% | 53 |
| Bank of America | $9.8B | 21.7% | +10.3% | 24 |
| The Washington Trust Company, of Westerly | $5.3B | 11.6% | +6.4% | 28 |
| Beacon Bank and Trust | $2.8B | 6.2% | — | 27 |
| Santander Bank | $2.7B | 5.9% | +0.4% | 25 |
| BankNewport | $2.4B | 5.4% | +5.4% | 20 |
| Centreville Bank | $1.8B | 4% | +8.2% | 16 |
| TD Bank | $1.4B | 3% | -4.9% | 9 |
| Eastern Bank | $686M | 1.5% | — | 8 |
| Chase Bank | $614M | 1.4% | +18.6% | 16 |
| Webster Bank | $489M | 1.1% | -7.0% | 0 |
| Shoreham Bank | $420M | 0.9% | -2.4% | 4 |
| BayCoast Bank | $292M | 0.6% | +4.7% | 7 |
| Bristol County Savings Bank | $261M | 0.6% | +18.9% | 4 |
| Milford Federal Bank | $64M | 0.1% | +21.7% | 1 |
| Dime Bank | $60M | 0.1% | -0.8% | 1 |
| Fall River Five Cents Savings Bank | $6M | 0% | -84.3% | 3 |
Deposit location reflects the office to which deposits are reported and may not represent the residence of depositors. Banks that book nationwide deposits at a single office (for example brokerage or direct banks) can rank far above their local branch presence.
Closings
- 1 CUNNINGHAM SQ · closed July 9, 2026
- 101 DUDLEY ST · closed February 20, 2026
- Fall River Five Cents Savings Bank — Bristol, RIbank exits city590 METACOM AVE · closed November 20, 2025
- 1 COASTWAY BLVD · closed November 1, 2025
- Bank of America — East Greenwich, RIbank exits city200 MAIN ST · closed October 7, 2025
- 280 ATWELLS AVE · closed August 7, 2025
- Citizens Bank — Warren, RIbank exits city521 MAIN STREET · closed March 19, 2025
- Citizens Bank — Rumford, RIbank exits city275 NEWPORT AVE · closed January 22, 2025
- 446 PUTNAM PIKE · closed February 7, 2024
- Santander Bank — Bristol, RIbank exits city1146 HOPE ST · closed June 15, 2023
- Webster Bank — North Kingstown, RIbank exits city1041 TEN ROD RD · closed June 9, 2023
- 42 VALLEY RD · closed June 8, 2023
- 520 ELMWOOD AVENUE · closed September 8, 2022
- Bank of America — Newport, RIbank exits city181 BELLEVUE AVENUE · closed August 2, 2022
- 42 North Private Bank — Warwick, RIbank exits city935 JEFFERSON BLVD · closed August 1, 2022
- 578 GREENWICH AVENUE · closed June 30, 2022
- 56 ROLFE SQUARE · closed June 30, 2022
- 368 COTTAGE STREET · closed June 8, 2022
- Bank of America — North Smithfield, RIbank exits city900 VICTORY HIGHWAY · closed February 22, 2022
- 1975 MENDON ROAD · closed February 8, 2022
- Bank of America — Pawtucket, RIbank exits city1455 NEWPORT AVENUE · closed February 8, 2022
- 40 AIRPORT ROAD · closed December 31, 2021
- 457 ANGELL STREET · closed August 31, 2021
- 1750 BROAD STREET · closed July 23, 2021
- 1071 CENTREVILLE ROAD · closed July 23, 2021
- Santander Bank — North Kingstown, RIbank exits city27 BROWN STREET · closed July 23, 2021
- Berkshire Bank — Portsmouth, RIbank exits city1430 E MAIN RD · closed June 25, 2021
- 200 ATWOOD AVENUE · closed June 16, 2021
- 212 THAYER ST · closed April 23, 2021
- Webster Bank — East Greenwich, RIbank exits city563 MAIN ST. · closed April 9, 2021
- Santander Bank — East Providence, RIbank exits city184 TAUNTON AVENUE · closed February 26, 2021
- 1360 WEST MAIN ROAD · closed February 17, 2021
- 2470 WARWICK AVENUE · closed February 11, 2021
- 850 MANTON AVENUE · closed February 10, 2021
- 900 TIOGUE AVENUE · closed February 9, 2021
- 595 SMITHFIELD ROAD · closed February 2, 2021
- 90 FRENCHTOWN ROAD · closed January 28, 2021
- 91 POINT JUDITH ROAD · closed January 27, 2021
- 1128 MINERAL SPRING AVENUE · closed January 26, 2021
- 275 WARWICK AVENUE · closed January 26, 2021
- 11 COMMERCE WAY · closed January 20, 2021
- 300 QUAKER LANE, SUITE A · closed January 14, 2021
- 70 MENDON ROAD · closed January 13, 2021
- 11 AIRPORT RD · closed January 12, 2021
- 1925 PAWTUCKET AVENUE · closed January 7, 2021
- 244 WEYBOSSET STREET · closed December 31, 2020
- 1798 SMITH STREET · closed October 8, 2020
- 130 GATE ROAD · closed September 26, 2020
- 593 EDDY STREET · closed July 31, 2020
- People's United Bank — Westerly, RIbank exits city44-50 FRANKLIN STREET · closed April 3, 2020
Transcribed from FDIC BankFind Suite structure-change records, active-location records and the annual Summary of Deposits (June 30 reporting date). Market share is each bank's share of all deposits assigned to FDIC-insured offices in the state.