Updated March 29 at 12:28am

BankNewport gives to Oliver Hazard Perry


BankNewport recently presented a $1,200 donation to the Oliver Hazard Perry Rhode Island organization, which will put the money toward the ongoing construction of Rhode Island’s official sailing education vessel, the SSV Oliver Hazard Perry.

The vessel, which is currently under construction at Senesco Marine in North Kingstown, will be the first oceangoing, full-rigged ship to be built in the United States in more than 100 years. Its mission is to be Rhode Island’s flagship nonprofit maritime campus, offering experienced-based learning opportunities to a diverse student population, including those with disabilities.

“BankNewport is proud of its long partnership with the Oliver Hazard Perry Rhode Island organization,” said Leland R. (Lee) Merrill, Jr., the bank’s executive vice president, commercial lending. “We commend their unwavering commitment to construct this sailing school vessel, a significant economic development, educational and cultural benefit for Newport and the state.”

The bank’s donation was based on the total number of boat loans originated between March 2012 and December.


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