Kent County, Rhode Island, a core county of the Boston-Worcester-Providence, MA-RI-NH market, holds $5.7B in deposits across 14 insured institutions and 44 branches. Centreville Bank is the largest deposit holder at 24.6% share. The top three banks hold 57% of deposits, which places the county in the Moderate band. Deposits have grown 30.9% since 2020. It produces $9.8B of output, ranking #369 of the 1,523 ranked counties by economic output.
Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 44 in 2020 to 44 in 2025. Institutions: 13 to 14. Top-three share: 54% to 57%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Centreville Bank | $1.4B | 24.6% | +78% |
| Citizens Bank | $1.2B | 21.1% | +12% |
| The Washington Trust Company, of Westerly | $637M | 11.2% | +71% |
| Bank Rhode Island | $535M | 9.4% | +12% |
| Bank of America | $436M | 7.7% | 0% |
| Santander Bank | $390M | 6.8% | +24% |
| Shoreham Bank | $307M | 5.4% | +16% |
| HarborOne Bank | $286M | 5.0% | +9% |
| BankNewport | $147M | 2.6% | +104% |
| Webster Bank | $143M | 2.5% | +21% |
| TD Bank | $118M | 2.1% | +86% |
| JPMorgan Chase Bank | $90M | 1.6% | no 2020 presence |
| Fall River Five Cents Savings Bank | $3M | <0.1% | no 2020 presence |
| Independence Bank | $0M | 0.0% | -100% |
The 14 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2025. Five-year change compares the same institution’s county deposits in 2020 and 2025. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. “No 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.
Part of the Boston-Worcester-Providence market
Kent County is one of 18 counties that make up the Boston-Worcester-Providence, MA-RI-NH market, a Combined Statistical Area (ranked #6 of 293 U.S. markets by economic output). It produces 1.4% of the market’s output and holds 0.9% of its deposits.
| Measure | Kent County | Share of parent market |
|---|---|---|
| 2024 GDP | $9.8B | 1.4% |
| Deposits | $5.7B | 0.9% |
| Population | 173,495 | 2.0% |
View the full Boston-Worcester-Providence market profile →
Recruiting in Kent County
Deposits are split among a moderate number of institutions. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Kent County.
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