| Business Summary | | Bancorp
Rhode
Island
Inc.
is
the
holding
company
of
Bank
Rhode
Island
(the
Bank),
a
commercial
bank
chartered
as
a
financial
institution
in
the
State
of
Rhode
Island.
The
Bank
provides
a
community
banking
alternative
in
the
greater
Providence
market.
Based
on
total
deposits
as
of
June
30,
2000,
the
Bank
is
the
fifth
largest
bank
in
Rhode
Island
and
the
only
mid-sized
commercial
bank
in
the
greater
Providence
and
Warwick,
Rhode
Island
areas.
The
Bank
offers
a
wide
variety
of
deposit
products,
commercial,
residential
and
consumer
loans,
non-deposit
investment
products,
on-line
banking
services
and
other
traditional
banking
products
and
services,
designed
to
meet
the
needs
of
individuals
and
small
to
mid-sized
businesses.
The
Bank's
wholly
owned
subsidiary,
BRI
Investment
Corp.,
is
engaged
in
the
maintenance
and
management
of
intangible
investments
and
the
collection
and
distribution
of
the
income
from
such
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BARI,
a
bank
holding
company,
is
an
FDIC-insured
commercial
bank
chartered
as
financial
institution
in
the
State
of
RI.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
20%
to
$28.4
million.
Net
interest
income
after
loan
loss
prov.
rose
13%
to
$13.5
million.
Net
income
rose
18%
to
$3.1
million.
Net
interest
income
reflects
higher
loan
balances,
partially
offset
by
higher
interest
expenses.
Earnings
reflect
increased
service
charges
and
commissions. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Malcolm Chace, 66 Chairman | -- | Merrill Sherman, 52 Pres,
CEO, Director | $429K | Albert Rietheimer, 44 CFO,
Treasurer | 196K | Donald McQueen, 44 VP,
Assistant Sec. | 193K | Margaret Farrell, 51 Sec.,
Director | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|