Red Flags Detected

• ⚠ Controlled Company (new) — The company will be a controlled company, meaning public stockholders may have limited influence over corporate governance.
• ⚠ Cannabis (new) — The bank serves cannabis-related businesses, which remain federally illegal, creating legal and operational risk.
• ⚠ Retire In 2027 (new) — Two key executives are expected to retire in 2027, creating succession risk.
• ⚠ Minority (new) — Public investors will not have voting control, as Narragansett Financial Corporation retains majority ownership.
• ⚠ Diluted (new) — The charitable foundation contribution dilutes public stockholders' ownership by 4.44%.
• ⚠ Dilution (new) — The stock-based benefit plan could dilute stockholders by an additional 5.93%.