Rhode Island · Q2 2026 call reports
Safest banks & credit unions in Rhode Island
5 banks and 14 credit unions are headquartered in Rhode Island, holding $208.5B in deposits. Including out-of-state institutions, there are 316 branch locations in the state. The highest-scoring Rhode Island-based bank is Centreville Bank (66/100); highest-scoring credit union is Natco Employees Federal Credit Union (93/100). The median score across all of them is 66.
- Banks
- 5
- Credit unions
- 14
- Branches
- 316
- Failures since 1934
- 7latest Jan 16, 2009
5 headquartered here
Rhode Island banks ranked by score
| Institution | Score | Assets | Capital | Problem loans |
|---|---|---|---|---|
| Centreville BankBank West Warwick | 66 out of 100, Moderate | $3.2B | 13.4% | 1.80% |
| The Washington Trust Company, of WesterlyBank Westerly | 58 out of 100, Moderate | $6.6B | 8.9% | 0.78% |
| BankNewportBank Middletown | 58 out of 100, Moderate | $3.1B | 10.6% | 0.95% |
| Shoreham BankBank Warwick | 58 out of 100, Moderate | $534.8M | 10.7% | 1.12% |
| Citizens Bank, National AssociationBank Providence | 54 out of 100, Below average | $232.5B | 9.4% | 1.36% |
14 headquartered here
Rhode Island credit unions ranked by score
| Institution | Score | Assets | Capital | Problem loans |
|---|---|---|---|---|
| Natco Employees Federal Credit UnionCredit union West Warwick | 93 out of 100, Very strong | $208K | 17.4% | 0.00% |
| Cumberland Municipal Employees Federal Credit UnionCredit union Cumberland | 78 out of 100, Strong | $9.2M | 19.3% | 0.95% |
| Pawtucket Municipal Employees Federal Credit UnionCredit union Pawtucket | 76 out of 100, Strong | $6.2M | 13.4% | 0.60% |
| Cranston Municipal Employees Credit UnionCredit union Cranston | 75 out of 100, Strong | $79.8M | 18.5% | 0.21% |
| Blackstone River Federal Credit UnionCredit union Woonsocket | 72 out of 100, Strong | $75.1M | 11.4% | 1.12% |
| Wave Federal Credit UnionCredit union Warwick | 71 out of 100, Strong | $156.8M | 12.3% | 0.93% |
| Community & Teachers Federal Credit UnionCredit union East Providence | 70 out of 100, Strong | $30.3M | 11.6% | 0.79% |
| Coastal1 Credit UnionCredit union Pawtucket | 68 out of 100, Moderate | $3.5B | 10.7% | 0.22% |
| Greenwood Credit UnionCredit union Warwick | 67 out of 100, Moderate | $957.3M | 10.1% | 0.48% |
| Westerly Community Credit UnionCredit union Wakefield | 66 out of 100, Moderate | $519.9M | 9.4% | 0.21% |
| Rhode Island Credit UnionCredit union Warwick | 65 out of 100, Moderate | $425.1M | 10.4% | 0.38% |
| Navigant Credit UnionCredit union Smithfield | 64 out of 100, Moderate | $4.3B | 9.9% | 0.39% |
| The Peoples Credit UnionCredit union Middletown | 59 out of 100, Moderate | $811.2M | 10.0% | 0.57% |
| Ocean State Credit UnionCredit union Coventry | 53 out of 100, Below average | $350.7M | 11.4% | 1.55% |
Branch networks
Out-of-state institutions with the most Rhode Island branches
| Institution | Score | Assets | Capital | Problem loans | RI branches |
|---|---|---|---|---|---|
| Beacon Bank and TrustBank Boston, MA | 59 out of 100, Moderate | $22.2B | 9.8% | 0.90% | 26 |
| Santander Bank, N.A.Bank Wilmington, DE | 64 out of 100, Moderate | $104.0B | 12.5% | 1.84% | 25 |
| Bank of America, National AssociationBank Charlotte, NC | 59 out of 100, Moderate | $2.7T | 7.1% | 0.65% | 23 |
| JPMorgan Chase Bank, National AssociationBank Columbus, OH | 61 out of 100, Moderate | $4.1T | 7.5% | 0.78% | 16 |
| TD Bank, National AssociationBank Wilmington, DE | 63 out of 100, Moderate | $342.8B | 10.3% | 1.11% | 9 |
| Eastern BankBank Boston, MA | 66 out of 100, Moderate | $31.1B | 10.2% | 0.47% | 8 |
| BayCoast BankBank Swansea, MA | 46 out of 100, Below average | $2.9B | 8.3% | 1.45% | 7 |
| Bristol County Savings BankBank Taunton, MA | 72 out of 100, Strong | $3.3B | 14.4% | 0.60% | 4 |
| Brightbridge Credit UnionCredit union Lawrence, MA | 64 out of 100, Moderate | $2.4B | 10.6% | 0.82% | 1 |
| Dime BankBank Norwich, CT | 72 out of 100, Strong | $1.2B | 11.8% | 0.20% | 1 |
| Milford Federal BankBank Milford, MA | 67 out of 100, Moderate | $545.1M | 11.9% | 0.40% | 1 |
16 city pages
Banks by city in Rhode Island
- Providence 17 institutions · 42 branches
- Cranston 15 institutions · 34 branches
- Warwick 17 institutions · 30 branches
- Pawtucket 11 institutions · 16 branches
- Middletown 9 institutions · 11 branches
- Westerly 8 institutions · 11 branches
- East Greenwich 10 institutions · 11 branches
- North Kingstown 9 institutions · 10 branches
- Wakefield 9 institutions · 10 branches
- Johnston 8 institutions · 9 branches
- Bristol 7 institutions · 9 branches
- Coventry 7 institutions · 9 branches
- Barrington 7 institutions · 9 branches
- Cumberland 7 institutions · 9 branches
- East Providence 7 institutions · 8 branches
- Newport 6 institutions · 8 branches
28 smaller places (below our 5-institution, 8-branch threshold for a separate page)
These places don't get a separate page; here is what's there.
- Smithfield: 7 branches of 6 institutions
- North Providence: 7 branches of 6 institutions
- Woonsocket: 7 branches of 7 institutions
- Lincoln: 6 branches of 6 institutions
- Greenville: 5 branches of 5 institutions
- Rumford: 5 branches of 5 institutions
- Narragansett: 5 branches of 4 institutions
- Portsmouth: 5 branches of 5 institutions
- West Warwick: 4 branches of 4 institutions
- Central Falls: 3 branches of 2 institutions
- Tiverton: 3 branches of 2 institutions
- Warren: 3 branches of 3 institutions
- Riverside: 3 branches of 3 institutions
- Chepachet: 2 branches of 2 institutions
- Wyoming: 2 branches of 2 institutions
- Richmond: 1 branch of 1 institution
- Manville: 1 branch of 1 institution
- Kingston: 1 branch of 1 institution
- N Kingstown: 1 branch of 1 institution
- Jamestown: 1 branch of 1 institution
- North Smithfield: 1 branch of 1 institution
- N Smithfield: 1 branch of 1 institution
- Pascoag: 1 branch of 1 institution
- Little Compton: 1 branch of 1 institution
- Scituate: 1 branch of 1 institution
- Charlestown: 1 branch of 1 institution
- Block Island: 1 branch of 1 institution
- West Greenwich: 1 branch of 1 institution
FDIC records
Recent bank failures in Rhode Island
- Bank of America Rhode Island N.A., Providence — January 16, 2009; deposits assumed by 0
- Old Stone Sb, Providence — January 29, 1993; deposits assumed by Citizens Sb
- Eastland Savings Bank, Woonsocket — December 11, 1992; deposits assumed by Fleet National Bank
- Eastland Bank, Woonsocket — December 11, 1992; deposits assumed by Fleet National Bank
- Colonial FSB, Cranston — May 10, 1991; deposits assumed by Payout
- Rhode Island Fs&la, Providence — September 1, 1984; deposits assumed by Old Stone Bank FSB
- Mayflower Fs&la, Providence — July 1, 1980; deposits assumed by Old Colony Coop Bank