SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report(Date of earliest event reported):September 5, 2000
(September 1,2000)
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BANCORP RHODE ISLAND, INC.
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(Exact name of registrant as specified in its charter)
Rhode Island
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(State or other jurisdiction of incorporation)
333-33182 05-0509802
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(Commission File Number) (IRS Employer Identification Number)
One Turks Head Place, Providence, Rhode Island 02903
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(Address of principal executive offices)
(401) 456-5000
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address, if changed since last report)
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Item 5: Other Events.
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On September 1, 2000, Bank Rhode Island ("Bank RI") and Bancorp Rhode
Island, Inc. ("Bancorp") received final approval from the Rhode Island
Department of Business Regulation for reorganization into a bank holding company
structure and effected the reorganization. Stock in Bank RI will be exchanged
one-for-one for stock of Bancorp. The Bancorp stock will trade on the Nasdaq
Stock Market under the symbol "BARI".
The business activities of Bancorp will initially consist solely of the
operation of Bank RI as a wholly owned bank subsidiary. It is possible that in
the future Bancorp may acquire or commence additional businesses; however, no
specific acquisitions or new business activities are currently planned. Bank RI
will continue its current business and operations as a Rhode Island
state-chartered financial institution under its existing name. The existing
charter and bylaws of Bank RI will not be substantially affected by the
reorganization. Bank RI's press release announcing the completion of the
restructuring is attached to this Form 8-K and made a part hereof as Exhibit
99.1.
Item 7: Financial Statements and Exhibits.
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(a) Financial Statements of Businesses Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
99.1 Press Release dated September 1, 2000
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
BANCORP RHODE ISLAND, INC.
By: /s/ Albert R. Rietheimer
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Albert R. Rietheimer
Chief Financial Officer
Date: September 5, 2000
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