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FHLBank Boston awards BankNewport $850K grant to support construction of 54...

PROVIDENCE – BankNewport recently received an $850,000 grant from the Federal Home Loan Bank of Boston, which it will use to provide construction financing...

SBA recognizes 2023 Rhode Island lenders of the year

PAWTUCKET – A total of 262 loans were made in Rhode Island by 46 different lending institutions across the U.S. Small Business Administration’s 7(a),...

BankNewport provides $25K grant for El Centro community center in Central...

NEWPORT – BankNewport has contributed a $25,000 grant toward the establishment of El Centro, a planned multipurpose, full-service community center in Central Falls designed...
COMPANY CRED: Bacary Diatta says his food company Kassumay LLC is going well, but it could be doing better if it was easier to obtain a business loan. 
PBN PHOTO/­MICHAEL SALERNO

Fear grows about reduced ability to access capital

When Bacary Diatta moved from Senegal to the United States in 2018, he knew he wanted to start a business that would add value...

BankNewport ranked as one of ‘Best Banks to Work For’ in...

NEWPORT – BankNewport was recently named one of the 2023 “Best Banks to Work For” by American Banker magazine, the bank announced. The annual list...

Bassett named V.P., regional sales manager for OceanPoint Marine Lending

NEWPORT – Cindy Bassett has been named vice president and regional sales manager at OceanPoint Marine Lending, a division of BankNewport, the bank announced. The...

Reducing food insecurity a focus of grants from BankNewport

NEWPORT – BankNewport says it has awarded at least $47,000 in 2023 to help support six nonprofit organizations dedicated to serving those facing food...

BankNewport’s ‘Kind Heart Warm Soles’ drive collects 1,800 new pairs of...

NEWPORT – BankNewport’s “Kind Heart Warm Soles” drive to benefit organizations serving Rhode Island’s unhoused population collected more than 1,800 pairs of new adult...
NEW DIGS: Bank Rhode Island recently opened this standalone branch on Oaklawn Avenue in Cranston. 
COURTESY BANK RHODE ISLAND/
ARTISTIC IMAGES

Branching out: In digital age, why are R.I. banks building more...

No one would blame Jack Murphy if he’s feeling a little under siege lately. As CEO and president of BankNewport, Murphy considers Aquidneck Island his...
VALUED: New bank branches are popping up around the state, including this Bank Rhode Island location on Oaklawn Avenue in ­Cranston. 
COURTESY BANK RHODE ISLAND/­ARTISTIC IMAGES

R.I. banks still see branches as best path to expansion

Digital banking may one day make brick-and-mortar banks hard to find, but don’t expect that anytime soon in Rhode Island. The number of bank branches...
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