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BancorpRI Named to Top Banks List

^{Published on 2010-09-16 13:15:49 - Market Wire}
 

PROVIDENCE, R.I.--([ BUSINESS WIRE ])--Bancorp Rhode Island, Inc. (NASDAQ: BARI), the parent company of Bank Rhode Island, has been named to the 2010 Sandler Oa™Neill Sm-All Stars, a list of the 32 top performing small-cap banks and thrifts in the nation. All 503 publicly-traded banks and thrifts with a market capitalization of less than $2 billion and greater than $100 million were included in the evaluation. Sandlera™s objective was to identify the small cap depository institutions that stand out from the pack. Its proprietary analysis focused on the areas of growth, profitability, credit quality and capital strength.

"Being named one of the top-performing small cap banks in the nation reflects the soundness of our strategic vision and the capable execution of that vision by our talented employees."

Bancorp Rhode Island, Inc. is the only Rhode Island company to have made the list.

aWe are delighted to be named a 2010 Sandler Oa™Neill aSm-All Stara™,a stated Merrill W. Sherman, President and CEO of Bancorp Rhode Island, Inc. aBeing named one of the top-performing small cap banks in the nation reflects the soundness of our strategic vision and the capable execution of that vision by our talented employees.a

About BancorpRI

Bancorp Rhode Island, Inc. is the parent company of Bank Rhode Island, a full-service, FDIC-insured, state-chartered financial institution. The Bank, headquartered in Providence, Rhode Island, operates 16 branches and more than 60 ATMs throughout Providence, Kent and Washington Counties. As of June 30, 2010, BankRI had $1.6 billion in assets and $1.2 billion in deposits. For more information, visit [ www.bankri.com ].