BankNewport Donates $100,000 to the Rhode Island Community Food Bank
Grant will aid in meeting the growing need for food donations during COVID-19
NEWPORT, R.I. (April 23, 2020) – BankNewport is proud to announce that it has made a $100,000 donation to the Rhode Island Community Food Bank to assist the organization as it works to alleviate hunger in Rhode Island during the COVID-19 crisis.
“Now more than ever, it is so important that we support the organizations that are working tirelessly to provide aid to our neighbors in need,” said Sandra J. Pattie, President & CEO, BankNewport. “The Rhode Island Community Food Bank is a critical part of this fight and we are humbled to have the opportunity to assist in their continued work to ensure that no one goes hungry during this unprecedented time.”
During the month of April, the Food Bank has distributed significantly more food to its partner agencies compared to the same time last year. Thousands of pounds of food have been distributed to local food pantries; more than 3,000 Meals4Kids boxes, containing a week’s worth of lunches and snacks for kids, have been dispersed, a pace that is expected to exceed 5,000 boxes this month; and 93,000 ready-to-eat meals have been provided as a critical food source for locations that may not have traditionally been food sites and do not have access to refrigeration. This increased demand is expected to continue for the months to come.
“We’re so thankful for this generous contribution from Bank Newport,” said Food Bank CEO Andrew Schiff. “As the demand for assistance increases due to the COVID-19 crisis, it is imperative that we continue to acquire more food to ensure that no one in Rhode Island goes hungry. This gift will go a long way in helping us achieve that goal.”
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 $1.7 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 18 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 financial services and marine related insurance products.