Item 7.01. Regulation FD Disclosure

On January 30, 2009, John W. Palmer and Richard J. Lashley, the principals of PL Capital, LLC, notified the Board of Directors of Bancorp Rhode Island, Inc. that they intend to file a proxy statement with the Securities and Exchange Commission setting forth several shareholder proposals.

This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.