Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Banks vs Payday Loans in Rhode Island
248 branches of 17 FDIC-insured banks operate in Rhode Island; 5 of these banks are headquartered in the state. Data: FDIC BankFind, as of June 30, 2026. There are also 9 payday, installment and title loan stores of 2 chains in Rhode Island — about 27.6 bank branches for every loan store.
- Bank branches
- 248
- Payday & loan stores
- 9
- Banks with branches
- 17
- Loan store chains
- 2
- Bank branches per 100k
- 22.6
- Loan stores per 100k
- 0.8
- Headquartered in Rhode Island
- 5
Payday loan stores by city in Rhode Island
9 stores in 7 cities and towns across Rhode Island. Pick a city for the full list of loan stores and bank branches with addresses and phone numbers, or scroll down for the smaller towns.
Rhode Island has about 1,095,391 residents, so that's 1 loan stores and 23 bank branches per 100,000 people. Population: U.S. Census Bureau, American Community Survey.
Payday and installment loan stores in Rhode Island
Storefront lenders with locations in Rhode Island, by number of stores. Most offer payday, installment or title loans, which cost far more than a bank or credit union loan.
| Lender | Stores in RI | Cities | Website |
|---|---|---|---|
| Advance America | 8 | 6 | advanceamerica.net |
| loanDepot | 1 | 1 | loandepot.com |
Banks with branches in Rhode Island
| Bank | Branches in RI | Headquarters | Total assets | Website |
|---|---|---|---|---|
| Citizens Bank, National Association | 53 | Providence, RI | $232.5B | citizensbank.com |
| The Washington Trust Company, of Westerly | 28 | Westerly, RI | $6.6B | washtrust.com |
| Beacon Bank and Trust | 27 | Boston, MA | $22.2B | beaconbank.com |
| Santander Bank, N.A. | 25 | Wilmington, DE | $104.0B | santander.com |
| Bank of America, National Association | 24 | Charlotte, NC | $2.7T | bankofamerica.com |
| BankNewport | 20 | Middletown, RI | $3.1B | banknewport.com |
| JPMorgan Chase Bank, National Association | 16 | Columbus, OH | $4.1T | jpmorganchase.com |
| Centreville Bank | 16 | West Warwick, RI | $3.2B | centrevillebank.com |
| TD Bank, National Association | 9 | Wilmington, DE | $342.8B | td.com |
| Eastern Bank | 8 | Boston, MA | $31.1B | easternbank.com |
| BayCoast Bank | 7 | Swansea, MA | $2.9B | baycoast.bank |
| Bristol County Savings Bank | 4 | Taunton, MA | $3.3B | bristolcountysavings.com |
| Shoreham Bank | 4 | Warwick, RI | $534.8M | shoreham.bank |
| Fall River Five Cents Savings Bank | 3 | Fall River, MA | $1.9B | bankfive.com |
| Bank of England | 2 | England, AR | $332.3M | bankofengland-ar.com |
| Dime Bank | 1 | Norwich, CT | $1.2B | dime-bank.com |
| Milford Federal Bank | 1 | Milford, MA | $545.1M | milfordfederal.com |
Bank branches in Rhode Island by type
- Full-service branches
- 226
- 91.1%
- In-store branches
- 11
- 4.4%
- Drive-thru & detached
- 2
- 0.8%
- Loan offices
- 6
- 2.4%
- Other limited-service
- 3
- 1.2%
Banks vs loan stores: cities in Rhode Island
| City | Bank branches | Banks | Loan stores |
|---|---|---|---|
| Providence | 46 | 13 | 1 |
| Cranston | 31 | 13 | 1 |
| Warwick | 23 | 12 | 2 |
| Middletown | 10 | 8 | — |
| Pawtucket | 10 | 7 | 2 |
| Barrington | 9 | 7 | — |
| Johnston | 8 | 7 | — |
| Newport | 8 | 6 | — |
| Westerly | 8 | 6 | — |
| East Greenwich | 8 | 8 | — |
| Wakefield | 7 | 6 | — |
| North Kingstown | 7 | 6 | — |
Bank branches are located in 36 Rhode Island cities and towns.
Loan stores in smaller towns of Rhode Island
Other cities and towns in Rhode Island with payday or installment loan stores, and the number of stores in each.
- Jamestown 1
- Warren 1
- Woonsocket 1
Bank branches as reported to the FDIC, including main offices. Total assets are for the whole bank, not only its Rhode Island branches. Loan stores: storefront locations of major payday, installment and title lenders; online-only lenders are not included.