BankNewport Awards $130,000 in Community Fund Grants West Bay Community Action Program Receives Aid

NEWPORT, R.I. (December 28, 2020) – BankNewport is pleased to announce that it has awarded $130,000 in grants to community organizations throughout Rhode Island. Twenty-five organizations that provide services related to food insecurity, mental health, distance learning, minority-owned small business, and underserved populations received the funding. “We are humbled to have the opportunity to provide these proactive grants to 25 incredible organizations,” said Sandra J. Pattie, President & CEO, BankNewport. “In the best of times, these agencies work on shoestring budgets, and this year has been especially difficult. We are so appreciative of the work they do, despite many challenges, to bring hope and dignity to those most in need.” The West Bay Community Action Program received a $5,000 grant to support its efforts. “The pandemic has impacted our population greatly and reduced funding has led to a reduction in our ability to provide much needed services to our community,” said Paul Salera, President/CEO, West Bay Community Action Program. “These funds will help bolster our Marketplace to increase food distribution as well as access to our child care facility for families with limited income.” About BankNewport: 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 $2.0 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 17 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 employee benefits and marine related insurance products. ###