Governor McKee Nominates William Tsonos to the Rhode Island Commerce Corporation Board

Published on Tuesday, May 21, 2024

PROVIDENCE, RI – Governor Dan McKee announced today his nomination of William Tsonos to serve on the Rhode Island Commerce Corporation board.  

“William is a proven and seasoned leader in the banking field who brings a depth of knowledge in business development and management,” said Governor Dan McKee. “I look forward to working with him and the other members of the board to grow Rhode Island’s economy and open pathways to good-paying jobs throughout our state.” 

"With his extensive expertise in commercial banking, William will be an invaluable addition to the Commerce Corporation's Board of Directors," said Secretary of Commerce Liz Tanner. "His deep understanding of business operations and financial needs enhances our ability to support Rhode Island businesses and drive economic growth across the state."

Tsonos has more than three decades of experience in the banking industry. He is currently the president and CEO of BankRI and is responsible for managing a $3.5 billion bank and more than 200 employees. Tsonos was instrumental in pushing for community initiatives at the bank and was a catalyst in establishing the company's Paycheck Protection Program (PPP) during the COVID-19 pandemic. 

Before this role, Tsonos was BankRI’s director of commercial banking and oversaw the bank’s commercial loan portfolio, commercial deposits, cash management department as well as the Business Banking sales and underwriting teams.   

Prior to his 18 years at BankRI, Tsonos was previously a senior vice president at Citizens Bank in the Middle Market Lending Group. 

He earned his bachelor’s degree in business administration from Bryant University in 1989 and is an active member of the Woonsocket Investment Committee. Tsonos is also the treasurer of The Miriam Hospital Foundation. 

“I am honored to be nominated for a position on the Rhode Island Commerce Corporation Board and look forward to working with the Governor and the members of the board to continue to have a positive impact on the State’s economy,” said Tsonos. “I take this public service commitment seriously and am happy to use my many years of banking experience for the betterment of the State.” 

Tsonos’ name will be submitted to the Rhode Island Senate for advice and consent.