Rhode Island features a concentrated yet diverse banking sector dominated by major regional powerhouses and historic local institutions. The market is anchored by Citizens Bank (which maintains a massive corporate presence and extensive branch network across the state), alongside prominent regional institutions like BankNewport, Washington Trust Company, and Coastline Trust Company. Furthermore, massive national financial heavyheads such as Bank of America and Chase Bank operate physical retail branches and automated teller machines throughout Providence and surrounding communities to serve individual and commercial clients.