BankNewport Awards $130,000 in Community Fund Grants
Three Northern RI Organizations Receive Aid
NEWPORT, R.I. (December 28, 2020) – BankNewport is pleased to announce that it has awarded $130,000 in grants to community organizations throughout Rhode Island. Twenty-five organizations that provide services related to food insecurity, mental health, distance learning, minority owned small business, and underserved populations received the funding. “We are humbled to have the opportunity to provide these proactive grants to 25 incredible organizations,” said Sandra J. Pattie, President & CEO, BankNewport. “In the best of times, these agencies work on shoestring budgets, and this year has been especially difficult. We are so thankful for the work they do, despite many challenges, to bring hope and dignity to those most in need.” In northern Rhode Island, the Blackstone Valley Community Action Program, Northern Rhode Island Food Pantry in Cumberland, and the SVDP St. Philips Food Pantry each received a $5,000 grant to support their efforts.
“We are so thankful to BankNewport’s Community Fund Committee for the most generous grant,” said Robert Chaput, Co-Executive Director, Northern RI Food Pantry. “It’s so heartening that, during these anxious and trying times, so many members of the community step up to help those most in need.”
Founded in 1819 and headquartered in Newport, BankNewport offers a full suite of loan and deposit products and services for families and businesses throughout Rhode Island. With $2.0 billion in assets, BankNewport is one of the oldest community banks in the United States and, as a mutual organization, is committed to the financial success of its customers, employees and communities. BankNewport has 17 branch locations, with commercial lending offices in Cumberland and Providence.
BankNewport business lines include OceanPoint Marine Lending, specializing in consumer marine and recreational vehicle financing programs, and OceanPoint Insurance, a Trusted Choice independent insurance agency, providing a broad range of property casualty insurance products, including employee benefits and marine related insurance products.