BANKING

Citizens Bank has most deposits in R.I., says FDIC

COURTESY CITIZENS BANK
RBS CITIZENS BANK held the largest share of deposits in Rhode Island in 2012, garnering 21.3 percent of the market share, according to the Federal Deposit Insurance Corporation.
Posted 10/9/12

WASHINGTON – RBS Citizens Bank remained Rhode Island’s leading deposit holder during the fiscal year ended June 30, according to the Federal Deposit Insurance Corporation.

Citizens saw deposits of $9.58 billion in the local market, 21.3 percent of the market share in the state.

Although Citizens held on to the top spot, in 2011 the bank saw deposits of $10.04 billion in the local market and held 23 percent of the market share.

In Rhode Island, Bank of America Corp. held the No. 2 slot for 2012, with $7 billion in local deposits and 15.6 percent of the market share.

In 2011, Bank of America held 15.2 percent of the market share with $6.65 billion in local deposits.

The Washington Trust Co., Sovereign Bank and Bank Rhode Island rounded out the top five with $2.07 billion, $1.96 billion and $1.17 billion in local deposits, respectively.

In Bristol County, Mass., Bank of America saw the most consumer business, with $1.23 billion in local deposits, or 15.5 percent of the market share, during the year ended June 30.

Sovereign Bank, Bristol County Savings Bank, Citizens Bank and BayCoast Bank earned slots two through five in Bristol County, Mass., according to the FDIC.

Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • Healthiest Employers
    Celebrate with the Healthiest Employers in RI on August 14th at the Providence M ...
  • 40 Under Forty
    Thank you to our sponsors and to all those who attended the 10th Anniversary of ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement