A Message from the President
Jack Murphy
President & CEO of BankNewport
Financial Results
Financials presented represent OceanPoint Financial Partners, MHC results for 2021.

Financial Results
Financials presented represent OceanPoint Financial Partners, MHC results for 2021.

$2.35 Billion
Assets

$2.03 Billion
Deposits

$1.69 Billion
Loan Portfolio

$1.01 Billion
Total Loan Originations

$104 Million
Total Revenue

2,807 Loans Totaling
$215 Million*
Payment Protection Program (PPP)
*PPP totals are reflective of 2020 and 2021 combined.
All In Giving

Everyone at BankNewport is pleased to share that our 2021 philanthropic efforts resulted in over $1.2 million awarded to over 350 nonprofits. Organizations in every county of Rhode Island benefitted from the giving effort, with areas of impact focused on basic human needs, children & families, education, economic security, healthy living, arts and culture, and the environment. All told, BankNewport has awarded $7 million in grants, sponsorships, and donations to a wide range of nonprofits over the past 11 years to help strengthen and enrich lives and communities throughout the state. It's what we love the most about our jobs. As much as we love contributing monetarily, nothing replaces the time we spend with the people in the community. In 2021 alone, our employees spent more than 7,300 hours on community service and financial education!


BNWise Financial Education
Through BNWise, our financial education program, over 2,500 students and community members were engaged in interactive financial education presentations on a variety of topics. Those topics ranged from saving and budgeting to credit, digital banking and entrepreneurship, and all were made available in-person and virtually.


Community Impact Campaigns
In what can only be described as "passion projects," we presented two campaigns generating statewide awareness of food insecurity and for those organizations serving Rhode Island's homeless population. "Kind Heart Fresh Start" collected over 4,700 personal care items impacting more than 1,000 individuals in need. "Kind Souls Full Bowls" benefitted the Rhode Island Community Food Bank with a $50,000 Bank gift and over $7,500 raised from the community.
Kind Heart Fresh Start


Kind Souls Full Bowls


Digital Transformation
The future of the customer experience
- Digital numbers reached all-time highs across the
board, with 74% of transactions taking place by way of online banking, mobile and ATM/PTM - The Bank introduced several advancements in
digital technology, providing significant efficiencies while improving the customer experience - The Bank provided a new customer facing
mortgage application, simplifying and expediting the mortgage process - Mobile and Online Banking were upgraded for a
better customer experience - Customers now have the ability to access their
credit score through Credit Score and through MX® Money Management, aggregate their accounts into one view - Our number of personal teller machines (PTM)
increased by 7 to a total of 21
Bank Digital, Bank Better, BankNewport.
New digital and mobile banking platform.
A clean, modern, easy-to-use design

New Navigation Bar
One-click access to commonly used features

Quick Access
Manage all your accounts on one screen.

Dark Mode
Easier viewing and prolonged battery
Plus all the same functionality you've come to expect!
MX® Money Management

All your accounts. One Login.
MX® Money Management helps you stay on track with one easy dashboard that displays all your accounts - including linked external accounts.
- Create budgets
- View spending trends
- Manage Goals
- Set alerts (low balance, payments, deposits, withdrawals)
Credit Score

With Credit Score you can access your credit report any time - plus, get personalized tips on how to improve your credit (or maintain an already great score) while saving money.

MX® Money Management

All your accounts. One Login.
MX® Money Management helps you stay on track with one easy dashboard that displays all your accounts - including linked external accounts.
- Create budgets
- View spending trends
- Manage Goals
- Set alerts (low balance, payments, deposits, withdrawals)
Credit Score

With Credit Score you can access your credit report any time - plus, get personalized tips on how to improve your credit (or maintain an already great score) while saving money.
Personal Teller Machines (PTMs)
The popularity of our Personal Teller Machines (PTMs) continues to grow. BankNewport PTMs offer access to a banker before and after normal banking hours. Even when the branch isn't open, extended PTM hours allow customers to talk to a banker and to conduct transactions including: making payments, cashing checks, making deposits and making withdrawals. PTMs are one of the many ways to bank with us!


Branch Expansion
BankNewport's geographic expansion continues with great success! After achieving strong deposit growth at the new Chapel View location in Cranston, our expansion continued with the opening of four new retail locations including two in Providence at 55 Dorrance Street and 5 South Angel Street, as well as 1423 Hartford Avenue in Johnston.
In November of 2021, we announced the opening of our newest retail location at 27 Strawberry Field Road in Warwick. With these five locations servicing over $200 million in combined total deposits, the Bank's expanded footprint serves as a catalyst for continued growth.
Additionally, as we continue to expand our branch network, we will continue to invest in renovations and upgrades to existing branches.
Warwick Branch





Warren Branch





Jamestown Branch



2021 Awards & Recognitions
BancAlliance Community Impact Report
BankNewport was one of only three community banks in the United States spotlighted in this report, which is produced/distributed to all 250 member banks of BancAlliance. The purpose of the report is to show all of the great work that community banks do and the impact made on communities throughout the U.S. We're proud to be a part of it!

Banking Choice Award
This award is presented annually by American Business Media, publishers of BankIng New England and Rivel Banking Benchmarks. BankNewport earned Top 3 in Overall Quality in Rhode Island (#3) and Number 1 for Community Contribution!
