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Bank Events in Rhode Island
Every FDIC-insured bank failure, merger or acquisition involving a bank, credit union or bank holding company, and regulatory enforcement action affecting banks headquartered in Rhode Island (RI).
Failures in Rhode Island
| Date | Bank | Assets |
|---|---|---|
| Jan 29, 1993 | Old Stone SB | $1.85B |
| Dec 11, 1992 | Eastland Savings Bank | $515.3M |
| Dec 11, 1992 | Eastland Bank | $85.4M |
| May 10, 1991 | Colonial FSB | $60.6M |
Mergers & Acquisitions involving Rhode Island banks
| Date | Acquired (RI) | Acquirer |
|---|---|---|
| Sep 2, 2025 | Bank Rhode Island | Beacon Bank & Trust |
| Jun 7, 2025 | Postal Employees Regional Federal Credit Union | Navigant Credit Union |
| Mar 19, 2025 | Oceanpoint Financial Partners, LLC | Oceanpoint Financial Partners, MHC |
| Oct 1, 2023 | Postal Government Employees Federal Credit Union | Navigant Credit Union |
| Apr 1, 2023 | Woodlawn Federal Credit Union | Navigant Credit Union |
| Aug 1, 2022 | Coventry Teachers Federal Credit Union | Navigant Credit Union |
| Aug 1, 2020 | Freedom National Bank | Bristol County Savings Bank |
| Apr 1, 2020 | Kent County Memorial Hospital Employees Federal Credit Union | Navigant Credit Union |
| Jan 1, 2020 | Alliance Blackstone Valley Federal Credit Union | Rhode Island Credit Union |
| Oct 6, 2018 | Coastway Community Bank | HarborOne Bank |
| Oct 6, 2018 | Coastway Bancorp, Inc | HarborOne Mutual Bancshares |
| Apr 10, 2016 | Dexter Credit Union | Navigant Credit Union |
| Jun 6, 2015 | Union Federal Savings Bank | Axos Bank |
| Sep 7, 2013 | Newport Bancorp, Inc | Si Financial Group Inc |
| Sep 7, 2013 | Newport Federal Savings Bank | Savings Institute Bank and Trust Company |
| Apr 1, 2013 | Bank of America Rhode Island, N.A. | Bank of America, N.A. |
| Jan 1, 2013 | Columbus Credit Union | Navigant Credit Union |
| Aug 15, 2012 | Carol Wire & Cable Corp Employees Federal Credit Union | Navigant Credit Union |
| Jul 6, 2012 | Oh Investment Corp. IV | Citizens Bank, N.A. |
| Jul 6, 2012 | Citizens Automobile Finance, Inc | Citizens Bank, N.A. |
| Jan 1, 2012 | Bancorp Rhode Island, Inc. | Brookline Bancorp, Inc. |
| Apr 30, 2011 | Cottrell Federal Credit Union | Wave Federal Credit Union |
| Jan 9, 2009 | Pa Investment Corp III | Citizens Bank of Pennsylvania |
| Jan 1, 2009 | Sunkiss Realty | Citizens Bank, N.A. |
| Dec 30, 2008 | New England Trust Company, N.A. | National City Bank |
| Oct 26, 2008 | Anchor Federal Credit Union | Wave Federal Credit Union |
| Sep 2, 2008 | Central Park-NH Realty Corp | Citizens Bank, N.A. |
| Apr 19, 2008 | Journal Employees Federal Credit Union | Navigant Credit Union |
| Mar 31, 2008 | Newport Columbian Federal Credit Union | Peoples Credit Union |
| Jan 1, 2008 | Tuition Management Systems, Inc. | KeyBank N.A. |
| Sep 1, 2007 | Citizens Bank of Rhode Island | Citizens Bank, N.A. |
| Nov 14, 2005 | Lincoln Town Employees Federal Credit Union | Blackstone River Federal Credit Union |
| Nov 1, 2005 | Ibew Local 1203 Federal Credit Union | Alliance Blackstone Valley Federal Credit Union |
| Oct 15, 2005 | Westerly Savings Bank | Newport Federal Savings Bank |
| Jun 13, 2005 | Fleet National Bank | Bank of America, N.A. |
| Mar 1, 2005 | Fleet Bank (Ri), N.A. | Bank of America, N.A. (USA) |
| Oct 20, 2004 | Quick & Reilly/Fleet Securities, Inc. | NB Holdings Corporation |
| Feb 1, 2004 | Ringtec Federal Credit Union | Ocean State Credit Union |
| Nov 1, 2003 | Providence Va Hospital Federal Credit Union | Postal Government Employees Federal Credit Union |
| Oct 1, 2003 | Warwick Postal Employees Federal Credit Union | Postal Government Employees Federal Credit Union |
| Mar 22, 2003 | Hasbro Employees Federal Credit Union | Wave Federal Credit Union |
| Nov 15, 2002 | CF Glass Employees Federal Credit Union | Navigant Credit Union |
| Apr 17, 2002 | First Bank and Trust Company | The Washington Trust Company, of Westerly |
| Apr 17, 2002 | First Financial Corp. | Washington Trust Bancorp, Inc. |
| Jul 1, 2001 | Providence Federal Employees Federal Credit Union | Postal Government Employees Federal Credit Union |
| Oct 2, 2000 | Park Square Credit Union | Navigant Credit Union |
| Mar 1, 2000 | Fleet National Bank | Fleet National Bank |
| Mar 1, 2000 | Ocean State Community Credit Union | Coastway Community Bank |
| Aug 26, 1999 | PierBank | The Washington Trust Company, of Westerly |
| Jan 4, 1999 | BVG & E Employees Credit Union | Navigant Credit Union |