Rhode Island has 5 headquartered banks in the ranking, holding $32.0 billion in total commercial real estate loans as of June 30, 2026. Their portfolios include $5.2 billion in construction and land loans, $9.1 billion in multifamily loans, $4.7 billion in owner occupied loans and $13.1 billion in investor nonfarm nonresidential loans. BestCRE ranks these institutions by total CRE loans using FDIC Call Reports, formally called Reports of Condition and Income, schedule RC-C. The ranking describes each bank’s reported portfolio size, composition, annual change and concentration. It does not measure quoted loan terms, approval standards or the volume originated specifically in Rhode Island.
The table covers banks headquartered in Rhode Island, so headquarters location determines inclusion. It should not be read as a complete directory of banks operating in the state. Institutions headquartered elsewhere can serve Rhode Island through local branches, and several hold substantial deposits in the state. The FDIC Summary of Deposits 2026 provides that branch and deposit context. Across the Rhode Island headquartered group, total CRE loans declined -6.1% year over year. These 5 banks represent 100.0% of CRE loans held by banks headquartered in the state. Nationally, 4,167 banks reported $3.07 trillion in total CRE loans, placing the Rhode Island figures within a much broader banking market.
Rhode Island banks ranked by total CRE loans
| Rank | Bank | Headquarters | Total CRE loans ($M) | Construction and land ($M) | Multifamily ($M) | Owner occupied ($M) | Change, 1 year | CRE share of loans |
|---|---|---|---|---|---|---|---|---|
| 1 | Citizens Bank, N.A. | Providence, RI | $26,949 | $4,746 | $8,036 | $4,002 | -7.4% | 18.1% |
| 2 | The Washington Trust Company, of Westerly | Westerly, RI | $2,379 | $86.2 | $546 | $306 | -2.0% | 46.3% |
| 3 | BankNewport | Middletown, RI | $1,268 | $175 | $181 | $238 | +10.0% | 50.9% |
| 4 | Centreville Bank | West Warwick, RI | $1,267 | $162 | $295 | $177 | +1.0% | 52.6% |
| 5 | Shoreham Bank | Warwick, RI | $146 | $0.0 | $0.0 | $9.4 | +0.3% | 31.2% |
Source: FDIC Call Reports as of June 30, 2026 (schedule RC-C). Dollar figures in millions. Change, 1 year compares total CRE loans with June 30, 2025. Bank names link to each bank’s FDIC record.
Citizens Bank, N.A. dominates the ranking with $26.9 billion in total CRE loans and a national rank of 17. Its portfolio includes $10.2 billion in investor nonfarm nonresidential loans, $8.0 billion in multifamily loans and $4.7 billion in construction and land loans, although total CRE declined -7.4% year over year. The Washington Trust Company, of Westerly ranks next at $2.4 billion, with $1.4 billion in investor nonfarm nonresidential loans and an investor CRE to equity ratio of 3.65x, the highest ratio in the table. BankNewport and Centreville Bank each report $1.3 billion, but BankNewport grew +10.0% while Centreville Bank grew +1.0%. Their CRE shares of total loans are 50.9% and 52.6%, respectively. Shoreham Bank reports $146.3 million, concentrated primarily in $136.9 million of investor nonfarm nonresidential loans.
Out of state banks with branches in Rhode Island
| Bank | Headquarters state | Branches in Rhode Island | Deposits in Rhode Island ($M) | Total CRE loans, all states ($M) |
|---|---|---|---|---|
| Bank of America, N.A. | North Carolina | 24 | $9,808 | $79,906 |
| Beacon Bank and Trust | Massachusetts | 26 | $2,823 | $9,595 |
| Santander Bank, N.A. | Delaware | 19 | $2,664 | $17,133 |
| TD Bank, N.A. | Delaware | 9 | $1,356 | $30,408 |
| Eastern Bank | Massachusetts | 8 | $686 | $9,932 |
| JPMorgan Chase Bank, N.A. | Ohio | 16 | $614 | $179,847 |
| Webster Bank, N.A. | Connecticut | 7 | $489 | $22,551 |
| BayCoast Bank | Massachusetts | 6 | $292 | $1,205 |
| Bristol County Savings Bank | Massachusetts | 4 | $261 | $1,191 |
| Milford Federal Bank | Massachusetts | 1 | $63.6 | $44.1 |
| Dime Bank | Connecticut | 1 | $59.6 | $478 |
| Fall River Five Cents Savings Bank | Massachusetts | 1 | $6.0 | $595 |
Source: FDIC Summary of Deposits 2026. Deposits and branches are for Rhode Island only; CRE loans are bank wide.
Portfolio size and direction help borrowers prioritize calls
A large CRE portfolio can indicate greater appetite and hold capacity, while the portfolio mix shows the property and loan categories in which a bank is most active. Annual change helps identify banks that are adding or reducing CRE balances. BankNewport’s total CRE loans increased +10.0% year over year, compared with +1.0% at Centreville Bank and +0.3% at Shoreham Bank. Citizens Bank, N.A. declined -7.4%, while The Washington Trust Company, of Westerly declined -2.0%. These changes describe reported balances, not current approval decisions.
Borrowers can use the ranking to build an initial call list, then compare actual proposals from several institutions. Portfolio size alone does not establish whether a bank will finance a particular property. CRE lending is relationship driven and local, so an existing banking connection, the location of the collateral and the fit between the request and the bank’s reported loan mix can all matter. Concentration may also signal that a bank will be selective. The ranking is therefore a screening tool based on FDIC reporting, not a prediction of loan availability or terms.
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Citizens Bank, N.A. has the largest balance in every reported CRE category: $4.7 billion in construction and land, $8.0 billion in multifamily, $4.0 billion in owner occupied loans and $10.2 billion in investor nonfarm nonresidential loans. The Washington Trust Company, of Westerly is weighted toward investor nonfarm nonresidential lending, with $1.4 billion in that category, compared with $546.2 million in multifamily and $305.7 million in owner occupied loans. BankNewport also has its largest category in investor nonfarm nonresidential loans at $674.2 million.
Concentration provides another view of portfolio exposure. Centreville Bank has the highest CRE share of total loans at 52.6%, followed by BankNewport at 50.9% and The Washington Trust Company, of Westerly at 46.3%. Investor CRE to equity is highest at The Washington Trust Company, of Westerly at 3.65x, followed by BankNewport at 3.38x. Citizens Bank, N.A. has the lowest ratio in the table at 0.87x. These figures show relative concentration and portfolio composition. They do not establish how any bank will evaluate an individual request.
Rhode Island borrowers have additional bank and nonbank options
Banks headquartered outside Rhode Island also maintain local branches. Bank of America, N.A. has 24 branches and $9.8 billion in Rhode Island deposits, while Beacon Bank and Trust has 26 branches and $2.8 billion. Santander Bank, N.A. has 19 branches and $2.7 billion, and TD Bank, N.A. has 9 branches and $1.4 billion. JPMorgan Chase Bank, N.A. has 16 branches and $614.4 million in state deposits. These institutions are excluded from the ranking because their headquarters are outside Rhode Island, not because they lack a local presence.
Call report balances for out of state banks cover all states, so they should not be treated as Rhode Island lending totals. Their reported total CRE portfolios include $79.9 billion at Bank of America, N.A., $30.4 billion at TD Bank, N.A. and $179.8 billion at JPMorgan Chase Bank, N.A. Borrowers may also compare debt funds, life companies, CMBS, agency and SBA lenders, none of which appear in bank call reports. Comparing several bank and nonbank sources helps borrowers assess fit across different lender categories without assuming that reported portfolio size determines a specific credit decision.
Frequently Asked Questions
How current is the Rhode Island CRE lender ranking?
The loan balances are from FDIC Call Reports as of June 30, 2026. Branch counts and Rhode Island deposit balances come from the FDIC Summary of Deposits 2026. Call reports are balance sheet snapshots, so the figures show loans held on the reporting date rather than commitments made after that date or every loan originated during the period. The statewide group’s total CRE balance was $32.0 billion, with a -6.1% year over year change. BestCRE uses the same reporting framework across the ranked banks to support consistent comparisons.
Which Rhode Island bank has the largest CRE portfolio?
Citizens Bank, N.A. has the largest reported CRE portfolio among banks headquartered in Rhode Island, with $26.9 billion in total CRE loans and a national rank of 17. Its reported book includes $4.7 billion in construction and land loans, $8.0 billion in multifamily loans, $4.0 billion in owner occupied loans and $10.2 billion in investor nonfarm nonresidential loans. CRE represents 18.1% of its total loans, and its investor CRE to equity ratio is 0.87x. Those figures establish portfolio scale and mix, not the terms available for a particular property.
Which ranked bank reported the strongest CRE growth?
BankNewport reported the strongest year over year change in the table at +10.0%, bringing total CRE loans to $1.3 billion as of June 30, 2026. Its portfolio includes $175.1 million in construction and land loans, $180.8 million in multifamily loans, $237.8 million in owner occupied loans and $674.2 million in investor nonfarm nonresidential loans. CRE accounts for 50.9% of its total loans, while investor CRE equals 3.38x equity. Growth in reported balances can help identify banks adding CRE exposure, but it does not confirm current availability for any individual request.
What interest rate benchmarks frame the 2026 lending market?
As of Oct 26, 2026, the Prime rate was 7.00%, SOFR was 3.89%, the 5 year Treasury was 4.78%, the 10 year Treasury was 4.96% and Fed funds was 3.88%. These are market benchmarks, not quoted loan rates from the ranked banks. Actual commercial mortgage pricing can differ by lender and transaction. The ranking itself is based on total CRE loans reported as of June 30, 2026, so the benchmark date is later than the portfolio reporting date. Borrowers should request current proposals rather than infer pricing from call report balances.
Do the figures represent loans made only in Rhode Island?
No. FDIC Call Reports describe each bank’s consolidated balance sheet, not a geographic breakdown of CRE originations. For a Rhode Island headquartered bank such as Citizens Bank, N.A., the reported $26.9 billion in total CRE loans can include loans associated with markets outside the state. The same limitation applies to out of state institutions: Bank of America, N.A. reports $79.9 billion in total CRE loans across all states, while its Rhode Island branch network holds $9.8 billion in deposits. Deposit location and headquarters location provide useful market context, but neither identifies where every CRE loan is secured.
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BestCRE rankings are editorially independent and built only from public regulatory filings; no bank pays for placement. Call report figures describe loans held on each bank’s balance sheet and do not show loan terms, rates or current appetite. BestCRE is not a lender and does not make loans. Benchmark rates are informational, not quotes. See our Legal Disclaimer and Compensation Disclosure.