Our Story

Proud to be your Community Bank

BankNewport is a forward-thinking community bank that's focused on helping Rhode Islanders achieve their financial goals for 200 years.

Founded in 1819, we are a mutual company with over $2.3 billion in assets. Having no stockholders, earnings are reinvested to serve our customers and communities. We are growing and serving more customers than ever with 18 branches in Rhode Island. We are proud to have been named one of Rhode Island's Best Places to Work and Fastest Growing Companies by Providence Business News.

A true Rhode Island bank, with real local service.

Being your community bank is an honor for every member of the BankNewport organization. Serving you means taking the time to get to know you, so we can help you achieve your financial goals.

At BankNewport, we believe that our customers deserve a personal banking experience, and our knowledgeable staff is committed to providing the support and guidance that you can trust. Our products are designed to meet your needs, and we provide the service and support you deserve from your bank.

At BankNewport, we're committed to providing personal banking experience. Our lending decisions are made right here in Rhode Island, which allows us to be extremely responsive to customers.

Making banking convenient through technology.

BankNewport’s leading-edge technology makes it easy for you to manage your money. In addition, we continue to make capital investments in new and enhanced technologies such as digital and mobile capabilities for a better and more convenient customer experience. And we continue to invest in our infrastructure, of 18 branch locations throughout the state, with a commercial lending office in Providence.

BankNewport is proud to be your community bank.

At BankNewport, we recognize that committing to each other and investing in the people around us to nurture economic and social improvements has never been more important. Having been steeped in the community for two centuries, our service goes beyond banking. Being your community bank means understanding what makes our community and the people within it unique.

It means recognizing what your community’s needs are and identifying ways we can help.

Through our All In Giving program, BankNewport is committed to supporting nonprofits with areas of impact focused on basic human needs, children and families, education, economic security, healthy lives, arts and culture, and the environment.  BankNewport has awarded over $8 million in grants, sponsorships, and donations over the past ten years to a wide range of nonprofits to help strengthen and enrich lives and communities throughout Rhode Island. Financial education and community service performed by our employees totals 8,500 hours annually.

Serving our community for over 200 years means you can count on us to be there for you today and in the years to come.

In other words, We’re all in.

Executive Team

Jack Murphy
Jack Murphy

President & Chief Executive Officer

Jeanne Lapak
Jeanne Lapak

Executive Vice President, Chief Commercial Banking & Lending Officer

Mary E. Leach
Mary E. Leach

Chief Retail Banking and Lending Officer

NMLS# 993468

Oscar Joaquim
Oscar Joaquim

President of OceanPoint Marine Lending

Paul A. Marchetti
Paul A. Marchetti

Executive Vice President, Chief Credit Officer and Chief Risk Officer

John P. Sullivan
John P. Sullivan

Executive Vice President, Chief Information Officer

Gregory Derderian
Gregory Derderian

Executive Vice President, Chief Financial Officer and Director of Strategic Analysis

Wendy E. Kagan
Wendy E. Kagan

Executive Vice President, Chief Engagement Officer

Hollie Lussier
Hollie Lussier

Executive Vice President, Chief Legal and Compliance Officer