By early 2016, residents and businesses across the East Bay will have a new option for their banking and financial needs when Bank Rhode Island (BankRI) opens its latest branch in Middletown. The office, which represents BankRI’s 20th branch, will be located at 132 East Main Road.

“We are excited to have a presence in East Bay and offer those across its communities the relationship banking model that BankRI is known for,” said Mark J. Meiklejohn, President and CEO of BankRI. “We’re also looking forward to introducing technology that delivers new levels of convenience to our valued customers while positioning ourselves to attract new clientele—we see a lot of potential for growth.”

Once completed, BankRI’s Middletown branch will be a 1,800 square foot facility that includes private commercial lending offices, space dedicated to housing BankRI retail and business financial specialists, and conference rooms. Customers will have access to BankRI’s full line of personal and business banking products and services, along with a 24-hour walk up ATM and night depository.

The new Middletown branch will also feature the introduction of cash recycler machines at each teller window. The addition of cash recycler machines will increase the efficiency of teller transactions and reduce the time for business deposits with a high number of items by up to 50 percent.