Tag: Jack Murphy
Banks adjust as borrowing costs climb
In early 2022, Rhode Island’s banks were still operating in an environment defined by abundant liquidity and historically low interest rates.
COVID-19 pandemic-era stimulus programs...
BankNewport Charitable Foundation awards over $470K in spring grants
NEWPORT – The BankNewport Charitable Foundation awarded more than $470,000 in its spring 2026 grant cycle, supporting nearly 50 nonprofit organizations across Rhode Island.
The...
BankNewport holding company reports record $3B in assets at annual meeting
NEWPORT – OceanPoint Financial Partners, the mutual holding company for BankNewport, reported record total assets of $3 billion for 2025, the company announced at...
America250-Enduring Success: BankNewport
(Editor’s note: This is the second installment in a weekly series featuring Rhode Island’s oldest companies as the nation approaches the 250th anniversary of...
BankNewport donates $1.75M, 10K volunteer service hours to R.I. in 2025
NEWPORT – BankNewport reported more than $1.75 million in philanthropic giving across Rhode Island in 2025, alongside 10,000 volunteer service hours logged by employees for the...
OceanPoint Funding to acquire Lending Associates, expand marine and RV lending...
MIDDLETOWN – OceanPoint Funding Inc., an affiliate of OceanPoint Financial Partners MHC focused on marine and recreational vehicle financing, has agreed to acquire Lending...
BankNewport awards $480K to support more than 50 local nonprofits
NEWPORT – The BankNewport Charitable Foundation has awarded more than $480,000 in its latest round of community grants, directing funding to more than 50...
BankNewport, Washington Trust, Centreville named among 2025 Best Banks to Work...
PROVIDENCE – At least three Rhode Island-based banks were named among the top 90 Best Banks to Work For nationwide in 2025 by industry...
Local banks step up to combat food insecurity during holiday season
PROVIDENCE – Money traditionally goes into banks, but in response to the fallout from the Supplemental Nutrition Assistance Program crisis, local banks are putting...
BankNewport awards $50K grant to Gloria Gemma Breast Cancer Resource Foundation
NEWPORT – The BankNewport Charitable Foundation has awarded a $50,000 grant to the Gloria Gemma Breast Cancer Resource Foundation to support its new Center...
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