CORRECTING and REPLACING Merrill Sherman Named One of the Top 25 Most Powerful Women in Banking

U.S. Banker Magazine bestows award on Bank Rhode Island President
PROVIDENCE, R.I.--(Business Wire)--
Please replace the release with the following corrected release due to multiple
revisions.

The corrected release reads:

MERRILL SHERMAN NAMED ONE OF THE TOP 25 MOST POWERFUL WOMEN IN BANKING

U.S. Banker Magazine bestows award on Bank Rhode Island President

Bank Rhode Island (BankRI) announced today that its president,Merrill Sherman,
was named one of the "Top 25 Most Powerful Women in Banking" by U.S. Banker and
American Banker. Featured in the October issue of the U.S Banker magazine, the
article brings recognition to women at the highest levels of management in the
banking industry and aims to form a community committed to fostering women's
professional development, career advancement and peer-to-peer networking.

The rankings are determined by the financial performance of each organization or
woman-led division, combined with the nominee's job responsibility, management
style, crisis management skills, influence within the industry, and charitable
endeavors. All of these are taken into consideration and debated by a selection
committee that consists of the senior-most editors in SourceMedia's Banking
Group which includes American Banker, U.S. Banker and Bank Technology News.

Sherman, who co-spearheaded the creation of BankRI in 1996, has helped drive the
bank to become a leading commercial lender in Rhode Island and the number one
SBA lender in the state in 2009. She has also overseen the bank`s increased
accessibility and convenience for customers, with a well-located network of 16
branches and more than 60 ATMs. Over the past 14 years, BankRI has grown to $1.6
billion in total assets and $1.2 billion in deposits.

"It is an honor to be recognized among this remarkable and established group of
women," said Merrill Sherman, who spent 17 years as a lawyer before making the
switch to the field of banking. "We all share the opportunity and responsibility
to help build the next generation of leaders and bankers who will move our
industry forward and I am proud to represent BankRI in that mission."

BankRI, headquartered in Providence, is the second smallest bank on the list.
The mission of BankRI is to be the premier bank in the communities they serve,
to provide excellent service and a broad range of competitive financial products
to their customers through a team of well-trained professional employees and to
be a civic leader through direct involvement in local organizations and
activities.

Outside of BankRI Sherman lends her time and talent to the educational, civic
and philanthropic communities through her leadership of several institutions.
She serves on the Board of Trustees of Rhode Island School of Design (Chair),
the Board of Trustees of the Providence Foundation (Executive Committee), the
Board of Trustees of Johnson & Wales University, the Board of Directors of the
Rhode Island Public Expenditure Council and the Board of Trustees of Crossroads
Rhode Island. She is also a member of the Rhode Island Commodores.

Other women featured on the top 25 list include Carrie Tolstedt of Wells Fargo,
Deanna Oppenheimer of Barclays Bank, Karen Peetz of BNY Mellon, and Sallie
Krawcheck of Bank of America.

To read the full article on the U.S. Banker website, click here.

About Bank Rhode Island

Bank Rhode Island, a wholly owned subsidiary of Bancorp Rhode Island, Inc.
(NASDAQ:BARI), is a full-service, FDIC-insured financial institution
headquartered in Providence. The bank operates 16 branches and more than 60 ATMs
throughout Providence, Kent and Washington Counties. As of June 30, 2010, BankRI
has $1.6 billion in assets and $1.2 billion in deposits. For more information,
visit www.bankri.com.

For Bank Rhode Island
Michaela Manley, 617-933-5282
mmanley@solomonmccown.com

Copyright Business Wire 2010