State Hub
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 |
|---|---|---|
| May 22, 1998 | Rhode Island Hospital Trust National Bank | Fleet National Bank |
| May 2, 1997 | Triangle Wire and Cable Federal Credit Union | COASTAL1 Credit Union |
| Mar 1, 1997 | Citizens Trust Company | Citizens Bank of Rhode Island |
| Nov 15, 1996 | Equitable Credit Union | Navigant Credit Union |
| Sep 27, 1996 | Citizens Financial Services Corporation | Citizens Trust Company |
| Apr 1, 1996 | Fleet Banking Group, Inc. | Fleetboston Financial Corporation |
| Jan 1, 1996 | Amtrol Employees Federal Credit Union | Ocean State Credit Union |
| Oct 5, 1995 | Shawmut Trust Company of Rhode Island | Fleet National Bank |
| Sep 30, 1995 | Citizens Corporation | Citizens Financial Group, Inc. |
| May 1, 1995 | East Bay Industrial Credit Union | Ocean State Credit Union |
| May 16, 1994 | Fairlawn Credit Union | COASTAL1 Credit Union |
| Apr 1, 1994 | Allied Aftermarket Division Employees Credit Union | Navigant Credit Union |
| Mar 30, 1994 | Riht Financial Corporation | Bancboston Holdings, Inc. |
| Jan 1, 1994 | Centreville National Bank of Warwick the | Centreville Bank |
| Jun 1, 1993 | Rhode Island State Grange Credit Union | Peoples Credit Union |
| Jan 4, 1993 | Woonsocket Postal Employees Credit Union | COASTAL1 Credit Union |
| Jan 1, 1993 | Island Trust Company the | Newport Federal Savings Bank |
| Nov 30, 1992 | Hindley Employees Credit Union | Navigant Credit Union |
| Nov 1, 1992 | Pettaquamscutt Credit Union | Chartway Federal Credit Union |
| Jan 24, 1991 | West Warwick Credit Union | Ocean State Credit Union |
| Dec 15, 1990 | Shawmut Bank of Rhode Island | State Savings Bank, National Association |
| Dec 1, 1990 | Bristol Credit Union | Peoples Credit Union |
| Sep 1, 1989 | Newman-Crosby Employees Credit Union | COASTAL1 Credit Union |
| Jul 1, 1989 | Ymca Federal Credit Union | Coastway Community Bank |
| Nov 1, 1987 | Pawtucket Institution for Savings | Attleboro Pawtucket Savings Bank |
| Sep 26, 1987 | Security Bank and Trust Company | Bank of New England - Old Colony, National Association |
| Jun 1, 1987 | Newport County Trust Company | BankNewport |
| May 12, 1987 | Tiverton-Little Compton Federal Credit Union | SJB Federal Credit Union |
| Jan 1, 1987 | People's Trust Company | Shawmut Bank of Rhode Island |
| Jan 1, 1987 | People's Bank, FSB | Shawmut Bank of Rhode Island |
| Mar 25, 1986 | The Newport National Bank | Bank of New England - Old Colony, National Association |
| Mar 18, 1986 | MBC Corporation | Merrill Bankshares Company |
| Oct 28, 1985 | Mobil (East Providence) Employees Federal Credit Union | Community & Teachers Federal Credit Union |
| Oct 20, 1984 | Old Stone Bank | Old Stone Federal Savings Bank |
| Oct 1, 1984 | Columbus National Bank of Rhode Island | Rhode Island Hospital Trust National Bank |
| Sep 12, 1983 | Fiberglass Ashton Federal Credit Union | Dexter Credit Union |
| Apr 1, 1983 | Miriam Hospital Credit Union | Coastway Community Bank |
| Aug 31, 1982 | National Columbus Bancorp Inc | National Columbus Bancorp, Inc. |
| Jun 15, 1982 | Warwick Federal Savings & Loan Association | Old Stone Federal Savings Bank |
| Jul 1, 1981 | Providence Dmatc Credit Union | Ocean State Credit Union |
| Nov 1, 1980 | Financial Centers Management Corporation | Fidelcor, Inc. |
| Jul 1, 1980 | Mayflower Savings & Loan Association | Bank of New England - Old Colony, National Association |
| Sep 29, 1979 | Fidelcor Financial Centers Corporation | Fidelcor, Inc. |
| Nov 12, 1968 | Plantations Bank of Rhode Island | Old Stone Bank |
| Mar 2, 1964 | Wickford Savings Bank | Rhode Island Hospital Trust National Bank |