Rhode Island General Laws
R.I. Gen. Laws § 19-2-3 (2026)
Application to form financial institution — Issuance or denial of certificate
✓ current as of July 2026
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The subscribers to the agreement to form shall make application to the director, or the director’s designee, for a certificate that public convenience and advantage will be promoted by the establishment of the financial institution, which certificate the director, or the director’s designee, is hereby authorized to grant. The decision on the certificate may be appealed pursuant to chapter 1 of title 19.
Notes of Decisions
Cited in 2
cases, 1961–1967 · leading case: Newport Nat'l Bank v. Providence Inst. for Sav., 226 A.2d 137 (R.I. 1967).
Newport Nat'l Bank v. Providence Inst. for Sav., 226 A.2d 137 (R.I. 1967). “-Said board of bank incorporation shall, before giving such consent, require that a notice of such intention to establish a 'branch or branches of said savings 'bank shall be given for the same period of time -and in the same manner, and a hearing had thereon, as is provided in…”
Newport Nat'l Bank v. Hawksley, 169 A.2d 616 (R.I. 1961). “Said board of bank incorporation shall, before giving such consent, require that a notice of such intention to establish a branch or branches of said savings bank shall be given for the same period of time and in the same manner, and a hearing had thereon, as is provided in the…”
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