Business Services Industry
Bank Rhode Island Raises Prime Lending Rate
Business Wire, July 1, 2004
PROVIDENCE, R.I. -- Bank Rhode Island (NASDAQ: BARI) announced a one-quarter percent increase in its prime lending rate, from 4.00% to 4.25%, effective today, Thursday, July 1, 2004.
About Bank Rhode Island
Bank Rhode Island, a wholly-owned subsidiary of Bancorp Rhode Island, Inc. is a full-service, FDIC-insured financial institution headquartered in Providence. As of March 31, 2004, Bancorp Rhode Island's total assets stood at $1.1 billion and total deposits were $836.7 million. Bancorp Rhode Island's common stock is traded on the NASDAQ National Market under the symbol "BARI" and its corporate web site is located at www.bankri.com.
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