Citizens Bank in Rhode Island vs the state
27.8%Denial rate+9.09 pts vs state
31.2%Decision denial rate+8.05 pts vs state
59.4%Origination rate-0.31 pts vs state
7.40%Median rate+0.65 pts vs state
0.25Rate spread (pts)+0.07 pts vs state
$101kMedian applicant income
3,762Loans originated
1,759Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5,816 | 3,067 | 35.9% | 8.50% | #1 |
| 2024 | 4,904 | 2,702 | 32.4% | 8.65% | #1 |
| 2025 | 6,329 | 3,762 | 27.8% | 7.40% | #1 |
What Citizens Bank lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Citizens Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 3,361 | 1,867 | 1,059 | 31.5% |
| Kent County | 1,265 | 836 | 286 | 22.6% |
| Washington County | 919 | 582 | 213 | 23.2% |
| Newport County | 442 | 260 | 127 | 28.7% |
| Bristol County | 342 | 217 | 74 | 21.6% |
Other large lenders in Rhode Island
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navigant Credit Union | B | 2,847 | 16.1% | 6.50% |
| COASTAL1 Credit Union | B | 1,931 | 24.3% | 6.75% |
| The Washington Trust Company, of Westerly | C | 1,755 | 21.9% | 6.38% |
| Rocket Mortgage | C | 1,430 | 19.7% | 6.75% |
| Movement Mortgage | A | 1,308 | 3.6% | 6.63% |
| Bank of America | F | 1,298 | 39.1% | 6.24% |
| Primary Residential Mortgage | C | 1,056 | 8.4% | 6.63% |
| BankNewport | B | 1,014 | 19.7% | 6.63% |
| CMG Mortgage | A | 992 | 7.6% | 6.63% |
| United Shore Financial Services | B | 780 | 18.0% | 6.38% |
Frequently asked questions
Rhode Island: 6,329 applications in 2025, of which 3,762 were originated and 1,759 denied.
27.8% of all applications, or 31.2% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Citizens Bank originated in Rhode Island in 2025 was 7.40%, against a statewide median of 6.75%.
About this data. Figures are Citizens Bank's own HMDA filing for properties located in Rhode Island, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology