Bancorp Rhode Island, Inc. is the holding company for Bank Rhode Island (the Bank). The Bank is a commercial bank chartered as a financial institution in the State of Rhode Island. The Bank’s wholly owned subsidiaries include BRI Investment Corp. (a Rhode Island passive investment company), Macrolease Corporation (an equipment financing company), Acorn Insurance Agency, Inc. (a licensed insurance agency) and BRI Realty Corp. (a real estate holding company). The Bank offers its customers a range of business, commercial real estate, consumer and residential loans, commercial leases, deposit products, nondeposit investment products, cash management and online banking services, private banking and other banking products and services designed to meet the financial needs of individuals and small- to mid-sized businesses. During the year ended December 31, 2010, it re-opened the Plainfield Pike branch in Cranston. In January 2012, Brookline Bancorp, Inc. acquired Bancorp Rhode Island, Inc.