Bancorp R.I. on Keefe ‘honor roll’

PROVIDENCE – Bancorp Rhode Island Inc., the parent company of Bank Rhode Island, has been named to the Keefe, Bruyette and Wood’s 2011 Bank Honor Roll, a list of 40 U.S. banking institutions that the investment bank says have generated superior performance over a 10-year period.
Nearly 400 banks from throughout the U.S. with $500 million or more in total assets were considered for the Honor Roll. All 40 publicly traded banking institutions that made the list were selected primarily based on the bank’s earnings results.
Bancorp Rhode Island Inc. is the only Ocean State company to have made the list.
“We are delighted to be named to KBW’s Bank Honor Roll,” Merrill W. Sherman, BancorpRI’s president and CEO, said in a statement. “Being named one of the top-performing banking institutions in the nation reflects our strategic vision and ability to execute during a time of economic uncertainty.”
In addition to having $500 million or more in total assets, each KBW Honor Roll members had to meet other conditions: