PBN Best Places to Work Awards 2021
Large Companies #5. BankNewport
Employees in R.I.: 261
CEO and President John F. Murphy
Questions answered by Associate Vice President and Manager of Employee Relations and Benefits Carolyn Odell
How would you describe the culture of your workplace? BankNewport’s culture is based on our core values: We celebrate individuality, we empower creative problem-solving, we invest the time to get to know our customers, communities and employees, and commit to serving the financial needs of Rhode Islanders.
How do you support community service work by your employees? Through the “We’re All In” Volunteer Program, employees donated over 3,500 hours toward financial education and community service in 2020 in spite of the pandemic. Over $1.47 million was awarded to 300 nonprofits in the form of sponsorships and proactive charitable grants.
What was a new employee benefit(s) or initiative(s) in the past 12 months? Based on employee feedback, BankNewport implemented the Retail Management Development Program designed to build retail management talent while providing career development and promotional opportunities. Individuals who complete the program receive future readiness for career progression toward branch operations manager and branch sales manager positions.