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BankNewport Names Portfolio Relationship Manager

NEWPORT, R.I. (May 3, 2021) – BankNewport is pleased to announce that David J. Costa has been named Vice President and Portfolio Relationship Manager in the Commercial Lending Group.  In his position, Costa proactively supports commercial lenders in managing existing portfolio customers and assists with new customer acquisition activities, resolving issues, and managing the credit […]

OceanPoint Financial Partners, MHC Releases Summary of its 2020 Annual Meeting

NEWPORT, RI (April 28, 2021) – BankNewport announced its accomplishments for 2020 at the annual meeting of OceanPoint Financial Partners (the “Company”), the mutual holding company of BankNewport, held via proxy vote on Monday, April 26, 2021.  At year-end, total assets increased to a record-high of $2 billion, from its banking, marine lending, and wealth […]


NEWPORT, R.I. (March 22, 2021) – OceanPoint Financial Partners, MHC and BankNewport Chairman of the Board, Peter Capodilupo, announced today that John F. (Jack) Murphy will succeed Sandra J. Pattie as president and chief executive officer of both the Mutual Holding Company and the Bank, effective May 17, 2021. “We are delighted to welcome Jack […]

BankNewport’s “Kind Souls, Full Bowls” Campaign Raises more than $7,500 for Rhode Island Community Food Bank

NEWPORT, R.I. (March 1, 2021) – BankNewport is pleased to announce that “Kind Souls, Full Bowls”, a campaign to raise awareness about food insecurity in Rhode Island, generated$7,535.00 for the Rhode Island Community Food Bank. From January 18th through February 14th, members of the community were encouraged to make a contribution to the Food Bank […]

BankNewport Highlights 2020 Community Investment

NEWPORT, R.I. (February 23, 2021) – BankNewport is pleased to announce that its philanthropic efforts in 2020 resulted in $1.47 million awarded to over 300 nonprofits in Rhode Island. The donations include all grants and sponsorships, as well as additional community contributions from local branches. BankNewport has contributed more than $4 million to local nonprofits […]

BankNewport Named Top SBA 504 Third-Party Lender in Rhode Island for Fiscal Year 2020

NEWPORT, R.I. (February 8, 2021) – BankNewport was recently recognized by the Small Business Administration’s Rhode Island district office as the top 504 3rd Party Lender of the Year for Fiscal Year 2020 during a virtual presentation. BankNewport has earned this distinction nine out of the last ten years. “We are proud to receive this […]

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