BankRI to Open 2 New Branches in 2023

BankRI to Open 2 New Branches in 2023

BankRI announced on Wednesday that it will be expanding its footprint with the opening of two new branches by the coming summer.

The bank said the two new locations would be located at Oaklawn Avenue in Cranston and Bellevue Avenue in Newport in the plaza across from the International Tennis Hall of Fame.

The two branches will bring BankRI’s statewide total to 22 once it is open.

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“This is exciting growth for BankRI,” said Will Tsonos, President & CEO. “Having a physical presence in the communities you serve is not only important, it also is the foundation of our model of relationship banking. We want to be on the ground, easily accessible to customers so we can support the community with the banking services and products – as well the financial expertise – they need.”

According to the company, “The new branch in Newport builds off BankRI’s existing presence in Middletown and a growing base of customers on Aquidneck Island. With its location being within a vibrant, high-traffic shopping plaza… BankRI sees convenience and opportunity as positive factors for area residents and businesses. The space was occupied previously by another financial institution for many years, helping to make the transition a smooth one for BankRI.”

The addition of an Oaklawn Avenue branch will give BankRI four full-service locations in Cranston, with its latest being also "convenient" for residents of Warwick. 

The new Oaklawn Avenue location is a ground-up construction project and part of the larger redevelopment.