R.I. Gen. Laws § 19-2-12
Relocation of branches
Redline — November 1, 2021 → current.View current text →
Current — November 1, 2022
As of November 1, 2021
Any financial institution or credit union may relocate a branch upon sixty (60) days prior written notice to the director, or the director’s designee, provided that the relocated branch is:
Any financial institution or credit union may relocate a branch upon sixty (60) days’ prior written notice to the director, or the director’s designee, provided that the relocated branch is:
(1) To be located within the same city or town as the existing branch; or
(1) To be located within the same city or town as the existing branch; or
(2) To be located within a one mile radius of the existing branch; and
(2) To be located within a ten (10) mile radius of the existing branch; and
(3) The existing branch will be closed upon construction and/or occupancy of the relocated branch.
(3) The existing branch will be closed upon construction and/or occupancy of the relocated branch.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.