Our History

In 1828, only 38 years after Rhode Island became a state, Centreville Bank, originally known as the Bank of Centreville, was founded in West Warwick by local business, civic leader, and textile manufacturer John Greene and surgeon Sylvester Knight. Following the Civil War, a national charter was granted making the Bank of Centreville, Centreville National Bank. 

In 1861, when the National Bank Act became law, the bank’s leaders were granted a National Bank Charter. In 1865, Centreville Bank became Centreville National Bank. Centreville Savings Bank was incorporated in 1888, allowing for broader banking services than a U.S. National Bank would be allowed to offer. Working side by side with the Centreville National Bank, the new Savings Bank encouraged individuals to save money to buy homes and fund their retirement. 

In 1901, 73 years after it moved into its original location, Centreville National Bank and Centreville Savings Bank relocated to a new building on Main Street, West Warwick, in Arctic Village. 
The Bank celebrated its centennial in 1928 with the opening of a new headquarters at 1218 Main Street, where it still stands today. 
After 132 years in business, Centreville Bank opened its first branch office on Tiogue Avenue in Coventry in 1960.

In 1993, Centreville National Bank and Centreville Savings Bank officially merged to become one entity, known as Centreville Bank.

In 2008, the Centreville Bank Charitable Foundation was established, formalizing its investment in the communities it serves. By 2022 the Centreville Bank Charitable Foundation had donated more than $1.5 million to local organizations. 

In 2017, the Bank opened its new Loan Center and Welcome Center at the West Warwick headquarters. Later that year the Bank introduced the Universal Banker Business Model.

In 2018, Centreville began installing a new technology, Interactive Teller Machines (ITMs), the next generation of ATMs. ITMs allow customers to communicate with bankers via video chat. 
Between 2019 and 2020 Centreville Bank expanded its footprint in Rhode Island with the opening of a Loan Production Office in the heart of Providence, and new branch locations in Warwick and Rolfe Square, Cranston. Centreville also expanded into Eastern Connecticut with the acquisition of Putnam Bank. The joining of the two banks added eight additional Connecticut branches to the network. 

In 2022, Centreville Bank was named 2022 Small Business Association (SBA) 504 Lender of the Year for Fiscal Year 2022. The Bank made $10 million in small business loans during that time period. 

In 2023, the Bank expects to open four more branch locations including Middletown, Newport, and Smithfield, Rhode Island. This will bring the total to over 20 locations across Rhode Island and Connecticut. Of note 2023 is the 195th Anniversary of the founding of Centreville Bank. 
Centreville Bank operates in a tradition of fair and conservative banking while simultaneously evolving with our customer’s needs. Our commitment to helping our customers meet their goals and strengthen their financial education is unwavering and future focused.