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Banks in Rhode Island
The 5 FDIC-insured banks headquartered in Rhode Island, their bank failures since 1934 and the largest credit unions. From the FDIC and the NCUA; quarter ending Jun 30, 2026.
- Banks headquartered here
- 5
- Their assets
- $245.8B
- Their deposits
- $199.3B
- Failures since 2000
- 1
- Credit unions
- 14
Every bank headquartered in Rhode Island
Ranked by total assets, quarter ending Jun 30, 2026. Banks based elsewhere with branches here are not included.
| # | Bank | Holding company | Assets | Deposits | Equity | Net income, year to date | ROA | ROE | CET1 ratio | Uninsured deposits | Offices |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Citizens Bank, National AssociationProvidence, RI | Citizens Financial Group | $232.5B | $188.7B | $26.5B | $1.1B | 0.99% | 8.50% | 11.9% | 45% | 982 |
| 2 | The Washington Trust Company, of WesterlyWesterly, RI | WASHINGTON TRUST BANCORP INC | $6.6B | $5.4B | $568.7M | $29.4M | 0.90% | 10.44% | 12.2% | 27% | 30 |
| 3 | Centreville BankWest Warwick, RI | Centreville MHC | $3.2B | $2.3B | $430.6M | $19.9M | 1.30% | 9.50% | – | 18% | 23 |
| 4 | BankNewportMiddletown, RI | Oceanpoint Finl Partners MHC | $3.1B | $2.4B | $304.6M | $9.4M | 0.62% | 6.18% | 12.7% | 30% | 20 |
| 5 | Shoreham BankWarwick, RI | Jamestown Trust#3 | $534.8M | $420.5M | $55.3M | $1.6M | 0.63% | 5.89% | 12.7% | 11% | 4 |
Source: FDIC BankFind Suite. Assets, deposits and equity at the end of the latest quarter; net income is year to date. ROA and ROE are annualized returns on assets and equity. CET1 is common equity tier 1 capital as a share of risk-weighted assets. CET1 is blank for banks that do not report it (many small banks use the simpler community bank leverage ratio). Uninsured deposits is the bank's own estimate of the share of deposits above the insurance limit.
Bank failures in Rhode Island
7 since 1934; the latest 25.
| Date | Bank | State | Assets | Deposits | Cost to the fund | Acquirer | Resolution |
|---|---|---|---|---|---|---|---|
| Jan 16, 2009 | Bank of America Rhode Island N.A.Providence, RI | RI | $35.4B | $500.0K | – | – | Open-bank assistance mergerAssistance |
| Jan 29, 1993 | Old Stone SBProvidence, RI | RI | $1.8B | $1.7B | $73.6M | Citizens SB | Purchase and assumption |
| Dec 11, 1992 | Eastland BankWoonsocket, RI | RI | $85.4M | $76.2M | $0 | Fleet National Bank | Purchase and assumption, insured deposits |
| Dec 11, 1992 | Eastland Savings BankWoonsocket, RI | RI | $515.3M | $499.0M | $10.3M | Fleet National Bank | Purchase and assumption, insured deposits |
| May 10, 1991 | Colonial FSBCranston, RI | RI | $60.6M | $62.3M | $28.6M | Payout | Payout |
| Sep 1, 1984 | Rhode Island FS&LAProvidence, RI | RI | $130.3M | $124.4M | $9.6M | Old Stone Bank FSB | Open-bank assistanceAssistance |
| Jul 1, 1980 | Mayflower FS&LAProvidence, RI | RI | $24.0M | $15.8M | $1.9M | Old Colony Coop Bank | Open-bank assistanceAssistance |
Source: FDIC BankFind Suite. Cost to the fund is the FDIC's estimated loss to the deposit insurance fund (earlier funds for older failures). Assets and deposits as of the last report before failure. Assistance transactions kept the bank open with FDIC help.
The largest credit unions in Rhode Island
14 credit unions; the largest 25 by assets.
| # | Credit union | Charter | Assets | Members | Loans | Shares and deposits | Net worth ratio | Net income, year to date |
|---|---|---|---|---|---|---|---|---|
| 1 | NavigantSmithfield, RI | State | $4.3B | 170,520 | $3.8B | $3.6B | 9.89% | $17.1M |
| 2 | Coastal1Pawtucket, RI | State | $3.5B | 145,728 | $3.0B | $2.7B | 10.63% | $12.7M |
| 3 | GreenwoodWarwick, RI | State | $957.3M | 59,300 | $857.2M | $855.9M | 9.68% | $5.0M |
| 4 | The PeoplesMiddletown, RI | State | $811.2M | 40,885 | $652.0M | $639.1M | 9.97% | $1.1M |
| 5 | Westerly CommunityWakefield, RI | State | $519.9M | 21,855 | $423.6M | $451.3M | 9.34% | $2.0M |
| 6 | Rhode IslandWarwick, RI | State | $425.1M | 28,167 | $323.5M | $375.1M | 10.40% | $559.6K |
| 7 | Ocean StateCoventry, RI | State | $350.7M | 22,401 | $275.1M | $283.8M | 11.37% | $75.2K |
| 8 | WaveWarwick, RI | Federal | $156.8M | 6,884 | $79.9M | $136.8M | 12.30% | $367.4K |
| 9 | Cranston Municipal EmployeesCranston, RI | State | $79.8M | 3,162 | $49.2M | $59.5M | 18.53% | −$266.2K |
| 10 | Blackstone RiverWoonsocket, RI | Federal | $75.1M | 4,273 | $30.8M | $66.3M | 11.40% | $392.8K |
| 11 | Community & TeachersEast Providence, RI | Federal | $30.3M | 1,561 | $18.7M | $27.2M | 11.62% | $80.5K |
| 12 | Cumberland Municipal EmployeesCumberland, RI | Federal | $9.2M | 770 | $3.2M | $7.3M | 19.26% | $16.8K |
| 13 | Pawtucket Municipal EmployeesPawtucket, RI | Federal | $6.2M | 1,373 | $3.7M | $5.3M | 13.38% | $13.8K |
| 14 | Natco EmployeesWest Warwick, RI | Federal | $207.9K | 28 | $40.7K | $170.4K | 17.44% | $1.2K |
Source: NCUA credit union call report data, quarter ending Jun 30, 2026. Names as filed (the NCUA abbreviates them, usually without "Federal Credit Union"). Net income is year to date. The net worth ratio is net worth as a share of assets; 7% or more is "well capitalized".