Bancorp Rhode Island shareholders elect all of the board's nominees at annual meeting

By Lisa Kerner

Charlotte, N.C., May 18 - Bancorp Rhode Island, Inc. said all of the board of directors' nominees were elected at the company's May 16 annual meeting.

The votes, tabulated and certified by IVS Associates, Inc., show that directors John R. Berger, Richard L. Bready, Mark R. Feinstein, Michael E. McMahon and Pablo Rodriguez will be members of the board until the 2010 annual meeting of shareholders.

More than 90% of Bancorp Rhode Island's outstanding shares of common stock were voted, and over 62% of all votes cast were for the directors recommended by the board.

Shareholder PL Capital Group's principals, Richard Lashley and John Palmer, sought two seats on the board in a proxy contest.

"On behalf of Bancorp Rhode Island's board of directors and management team, we thank both our institutional and individual investors for their continued support of the board's nominees," chairman Malcolm G. Chace said in a company news release.

"With the leadership and guidance of our directors, all of whom have extensive financial and business experience, along with an understanding of the Rhode Island market, we look forward to continuing to execute our strategic plan and deliver value to all our shareholders."

Bank Rhode Island, a wholly owned subsidiary of Bancorp Rhode Island, is a full-service, FDIC-insured financial institution based in Providence, R.I.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.