form8k930.htm
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 2, 2009 (September 30, 2009)
______________
BANCORP RHODE ISLAND, INC.
(Exact name of registrant as specified in its charter)
______________
Rhode Island
(State or other jurisdiction of incorporation)
333-33182 05-0509802
(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 1.01. Entry Into a Material Definitive Agreement
On September 30, 2009, Bancorp Rhode Island, Inc. (the “Company”) repurchased the warrant held by the United States Department of Treasury (the “Treasury”) to purchase 192,967 shares of the Company’s common stock (the “Warrant”). The Warrant was issued to the Treasury on December 19, 2008
as part of the Company’s participation in the Treasury’s Capital Purchase Program. The purchase price paid by the Company to repurchase the Warrant was $1,400,000.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Exhibit
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.
BANCORP
RHODE ISLAND, INC.
By: /s/
Linda H. Simmons
______________________________________
Linda H. Simmons
Chief
Financial Officer
Date: September 30, 2009