UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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): October 24, 2007 (October 24, 2007)
BANCORP RHODE ISLAND, INC.
(Exact name of registrant as specified in its charter)
Rhode Island
(State or other jurisdiction of incorporation)
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333-33182 |
05-0509802 |
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(Commission File Number) |
(IRS Employer Identification Number) |
One Turks Head Place, Providence, Rhode Island 02903
(Address of principal executive offices)
(401) 456-5000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On October 24, 2007, the Boards of Directors of Bancorp Rhode Island, Inc. (the “Registrant”) and Bank Rhode Island, the Registrant’s wholly owned subsidiary (the “Bank”), approved an increase in the base salary of Linda H. Simmons, Chief Financial Officer from $231,000 to $270,000 effective as of October 1, 2007, in connection with Ms. Simmons’ assumption of significant additional responsibilities following the departure of Jeffrey W. Angus, former Vice President of the Registrant and Executive Vice President and Chief Operating Officer of the Bank, on September 28, 2007.
ITEM 9.01. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
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99.1 None. |
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.
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BANCORP RHODE ISLAND, INC. |
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By: |
/s/ James V. DeRentis |
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___________________________ |
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James V. DeRentis |
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President |
Date: October 26, 2007