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Industries
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Middletown, Rhode Island
Founded
N/A
BankNewport is a community savings bank serving Rhode Island, offering personal and business banking services. Its products include FDIC‑insured savings and checking accounts, loans, and other banking services accessed through a network of local branches. The bank operates as part of a mutual holding company (OceanPoint Financial Partners, MHC), which reflects its member-owned structure. Customers interact with the bank via branch offices and a range of deposit, lending, and financial services, with services designed to meet local financial needs. BankNewport differentiates itself through a long regional history (founded in 1819) and a community-focused, member-owned model rather than a pure investor-owned bank. Its goal is to provide reliable, accessible financial services to individuals and businesses in Rhode Island while maintaining strong customer service and local presence, supported by its FDIC insurance and Equal Housing Lender status.
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BankNewport teams up with Green PayTech to streamline merchant payments. 04/06/2026 NEWPORT - BankNewport recently announced a new partnership with Green PayTech, providing business customers with upgraded merchant services across Rhode Island and beyond. The collaboration gives businesses access to payment processing tools designed for in-person, online and mobile transactions, aimed at streamlining operations, supporting cash flow and enhancing customer experience. Vendor management and procurement integrity are among the most critical and vulnerable functions within the... BankNewport has long offered merchant services to help local companies accept payments securely and efficiently. The new partnership expands the bank's merchant services with Green PayTech's platform, offering advanced point-of-sale systems, contactless and online payment options, transparent pricing and local support. - Advertisement - John Sweeney, vice president and director of cash management at BankNewport, said the collaboration strengthens the bank's ability to deliver secure, innovative and cost-effective payment solutions to business clients. "Supporting local businesses is at the heart of what we do," Sweeney added. The updated offering is available immediately to BankNewport business clients. Matthew McNulty is a PBN staff writer. He can be reached at [email protected] or on X at @MattMcNultyNYC.
BankNewport donates $1.75M, 10K volunteer service hours to R.I. in 2025. 03/02/2026 NEWPORT - BankNewport reported more than $1.75 million in philanthropic giving across Rhode Island in 2025, alongside 10,000 volunteer service hours logged by employees for the third consecutive year. The Newport-based community bank said its charitable grants, sponsorships, branch donations and contributions supported more than 500 organizations statewide. Funding focused on four key areas: basic human needs, educational success, arts and culture, and healthy lives and thriving communities, the bank said. Women's health is not static. It evolves with us - through our teens, childbearing years, midlife, menopause,... Employee engagement remained a centerpiece of the effort, with 85% of staff participating in volunteer initiatives ranging from board service to financial education. "Supporting our neighbors is at the heart of who we are as a community bank," said Jack Murphy, CEO and president of BankNewport. "As we reflect on the past year, many of our neighbors continue to face difficulties. BankNewport is extremely proud to partner with hundreds of nonprofits who work tirelessly to provide safe housing, offer pathways to employment, strengthen financial confidence, and ensure access to healthy food and vital services. These partnerships reflect our shared commitment to building stronger, more connected communities, and we remain dedicated to helping Rhode Island families thrive." - Advertisement - Among the key funding initiatives were hunger relief partnerships with the East Bay Food Pantry, North Kingstown Food Pantry, Central Falls Foundation for its Mobile Food Pantry, and the Rhode Island Community Food Bank. The bank also supported the Central Falls Children's Foundation, Jamestown Community Farm and the Gloria Gemma Breast Cancer Resource Foundation. Through BNWise, its financial education initiative, the bank delivered budgeting, savings, homeownership readiness and credit workshops to more than 2,000 students and community members through in-person and virtual presentations. BankNewport's "Kind Souls, Full Bowls" campaign collected more than 500 nonperishable food items for Operation Stand Down Rhode Island. Employees also partnered with A Bed for Every Child to assemble 10 beds for families served by Crossroads Rhode Island. Beyond its community investments, the 207-year-old institution also earned workplace recognition in 2025. BankNewport was again named one of the "Best Banks to Work For" by American Banker and received both a Healthiest Employer of Rhode Island award and an Exemplary Worksite Health Award for its Vitality Wellness Program. The bank also marked the 10th anniversary of its paid internship program, which has hosted more than 95 interns since 2015 as part of its broader talent development strategy, it said. Matthew McNulty is a PBN staff writer. He can be reached at [email protected] or on X at @MattMcNultyNYC.
BankNewport promotes Erin Lynch to vice president, commercial operations manager. NEWPORT - BankNewport has promoted Erin Lynch to vice president and commercial operations manager, the bank recently announced. Lynch, who has been with the bank for more than 13 years, has held several leadership positions on the Commercial Banking team, most recently serving as assistant vice president and commercial operations manager. The Amgen Foundation is guided by the belief that all students should have the opportunity... In her new role, Lynch will oversee the bank's end-to-end commercial loan operations, including documentation, compliance and regulatory workflows for BankNewport's commercial business line, the bank said. The Portsmouth resident is a graduate of Manhattan University, where she earned a bachelor's degree in international studies with a concentration in Africa and the Middle East. Lynch is also active in the community as a member of Tropigals, a vintage dance troupe that performs at local events. Matthew McNulty is a PBN staff writer. He can be reached at [email protected] or on X at @MattMcNultyNYC.
BankNewport grant powers solar upgrade at student-run AgInnovation Farm.
NEWPORT - BankNewport was recognized with an Exemplary Worksite Health Award from Blue Cross & Blue Shield of Rhode Island and the Greater Providence Chamber of Commerce for its programs aimed at improving employee health and well-being.
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Industries
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Middletown, Rhode Island
Founded
N/A
Find jobs on Simplify and start your career today