Elevate
Communities, Customers, Colleagues
Annual Report | 2025
A Message from our President
As we reflect on 2025, we are reminded that flexibility, focus, and relationships remain essential. We remain committed to helping customers and businesses adapt, make informed decisions, and plan confidently for the future. Our mission remains clear: to serve responsibly and support long-term success across the communities we call home.
Over the past year, we continued to invest thoughtfully across our operations, digital capabilities, and risk management infrastructure, always guided by the needs of our customers. This disciplined, customer-first approach strengthens our ability to deliver service while positioning the Bank for sustainable growth. By staying true to our values and long-term strategy, we reached $3 billion in assets while maintaining our focus on customers, colleagues and community.
Supporting small businesses remains central to who we are. In 2025, we were once again recognized as Rhode Island’s #1 SBA lender in multiple categories, reflecting our continued commitment to entrepreneurs across the state. Beyond lending, initiatives like SHOP401™ reinforce our belief in the power of shopping local and investing in community-based businesses.
Community impact remains at the heart of BankNewport. Over the past year, our colleagues contributed more than 10,000 service hours, extended $1.75 million in charitable giving, and supported more than 500 organizations through volunteerism, funding, and financial education. As we enter 2026, we remain fully committed to elevating our customers, our colleagues, our communities, and Rhode Island’s future.
Jack Murphy
President & CEO of BankNewport
Financial Results
Financials presented represent OceanPoint Financial Partners, MHC results for 2025.
Impacting healthy lives by supporting basic human needs, education success, and arts and culture, is bigger than banking. We’re proud to help our communities thrive through philanthropy. In 2025, our efforts resulted in $1.75 million being awarded through charitable grants, contributions, community sponsorships, and branch donations to organizations throughout Rhode Island.
BNWise Financial Education
BNWise, our financial education program, reached more than 2,000 students and community members in 2025. Through in-person and virtual workshops, our team was able to provide financial literacy instruction covering budgeting, savings habits, homeownership readiness, and understanding credit.
Community Impact
Kind Souls Full Bowls
A Bed For Every Child
Souper Bowl of Caring Telethon
Kind Souls Full Bowls
Our annual drive to benefit people in need saw us collect over 500 pantry food products for Operation Stand Down, Rhode Island’s premier Veteran support agency.
A Bed For Every Child
Our team built 10 beds for children in Rhode Island through the Build-A-Bed Program, which partners directly with Crossroads Rhode Island to ensure support for families in need.
Souper Bowl of Caring Telethon
We were a proud sponsor of the Second Annual Souper Bowl of Caring Telethon to benefit the Rhode Island Community Food Bank. Over 25 of our employees volunteered to collect donations totalling nearly $165,000.
SHOP401™: Powering Local Business
SHOP401™ was created by BankNewport to encourage Rhode Islander's to support small businesses in our communities, as part of our mission to be a partner in the success of local businesses. We promoted small businesses and encouraged locals and visitors alike to shop at local boutiques, corner cafés, and other businesses that are the heart of the Rhode Island economy. We were proud to feature local businesses in our social channels, promote the program digitally and in print.
Big Weather Gear
Clemmie’s Homemade Ice Cream
Holiday Video
Digital Account Opening with
Your Anytime, Anywhere Bank™
Digital Account Opening is a seamless online solution that empowers businesses and consumers to open deposit accounts with ease anytime, anywhere. To promote opening accounts online, a campaign called “Your anytime, anywhere bank.™” was launched. The campaign showcases how customers can open and fund accounts entirely online; whether from their office, home, or on the go, from any device.
In 2025, the commercial "Late to the Game" continued to support our message. The commercial included accompanying video, digital and traditional ads and has made a strong impact on account openings.
Sponsorship
A Lasting Impact
Our philanthropic efforts brought more than $1.75 million in total giving throughout Rhode Island in 2025. Organizations across four key focus areas were impacted: basic human needs, education success, arts and culture, and healthy lives, thriving communities. Giving highlights include:
BOYS & GIRLS CLUBS OF NEWPORT COUNTY
BOYS TOWN NEW ENGLAND
CENTRAL FALLS FOUNDATION
CHILD & FAMILY SERVICES
CLINICA ESPERANZA/HOPE CLINIC
DR. MARTIN LUTHER KING JR. COMMUNITY CENTER
EAST BAY FOOD PANTRY
FEDERAL HILL HOUSE
GLORIA GEMMA BREAST CANCER RESOURCE FOUNDATION
HOPE & MAIN
JAMESTOWN COMMUNITY FARM
LOCAL INITIATIVES SUPPORT CORPORATION (LISC)
MEALS ON WHEELS OF RI
NEWPORT COUNTY YMCA
NEWPORT HISTORICAL SOCIETY
NEWPORT HOSPITAL FOUNDATION
NORTH KINGSTOWN FOOD PANTRY
ONE NEIGHBORHOOD BUILDERS
PAWTUCKET CENTRAL FALLS DEVELOPMENT
POCASSET POKANOKET LAND TRUST
POTTER LEAGUE FOR ANIMALS
PROJECT GOAL
RHODE ISLAND COMMUNITY FOOD BANK
RHODE ISLAND SLAVE HISTORY MEDALLIONS
SAVE THE BAY
STAR KIDS SCHOLARSHIP PROGRAM
Bristol
Bristol: A Fresh In-Branch Experience
To provide a better banking experience for our customers, we completed a renovation of our Bristol branch in 2025. The new design created a welcoming, efficient environment for customers, allowing for a better overall banking experience. The evolution of the space also provided our team with a workspace designed to support collaboration and service excellence. This investment underscores our long‑term dedication to strengthening our branches as trusted community hubs where relationships continue to grow.
Awards and Internship Program Anniversary
We feel a deep sense of responsibility to foster a strong workplace culture for our incredible employees, and are humbled to have been recognized for our efforts in 2025. BankNewport again achieved national recognition as one of the “Best Banks to Work For” by the industry publication American Banker and received both a Healthiest Employer of Rhode Island award and an Exemplary Worksite Health Award for the Vitality Wellness Program.
We also marked the 10th anniversary of our paid internship program, which has hosted more than 95 interns since 2015. The program continues to serve as a key talent development pathway for Rhode Island students seeking hands-on workplace experience, mentorship, and community engagement opportunities through BankNewport and our nonprofit partners.
Talent
Building a strong, engaged team remains essential to delivering exceptional service and supporting our customers’ financial success. We are proud of the talented professionals at BankNewport and are energized by the opportunity to support their development while celebrating their achievements. We saw many promotions and exciting career moves within our organization in 2025!
Internal Movement: 15 Officer Promotions: 12
Employee Satisfaction Rating: 93%
Internal Movement: 15
Officer Promotions: 12
Employee Satisfaction Rating: 93%
© 2026. OceanPoint Financial Partners MHC. All Rights Reserved.