Tag Archive for: BankNewport

BankNewport Kicks-Off $200,000 “We’re All In” Giving Program During 200th Anniversary

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In honor of its two centuries of philanthropic commitment to Rhode Island, Bank making 200 ‘hyper-local’ donations available to nonprofits and community groups across the state

NEWPORT, R.I. (November 1, 2018) – While much has changed since BankNewport first opened its doors in 1819, its commitment to giving back to the community has not only withstood the test of time, it has deepened with the passing of each year across two centuries.

In honor of BankNewport’s 200thanniversary and its dedication to philanthropy, the Bank today announced the launch of a special “We’re All In” giving program, making $200,000 in charitable grants available to nonprofits and community groups across the state.

Through “We’re All In,” BankNewport is extending 200 ‘hyper-local’ donations, each in the amount of $1,000, in support of community projects geared toward making a positive impact in the lives of residents. Among the types of projects that will be considered for funding are communal vegetable gardens, the beautification of community space, supplies for youth programs and projects, scoreboards for youth sports, in addition to other initiatives.

The program provides BankNewport the unique opportunity to support smaller groups and projects that might not ordinarily qualify for funding based on the Bank’s giving guidelines.

“Being active in our community and giving back has served as the foundation of BankNewport since our founding two-hundred years ago,” said Sandra J. Pattie, President, and CEO, BankNewport. “We could not be more excited about this special giving program and the potential to make a difference in each and every Rhode Island community – I cannot wait to see the projects this opportunity will present.”

Funding requests for the “We’re All In” giving program may be submitted through an online application or a downloadable PDF application beginning November 1 at https://www.banknewport.com/200.

Eligible applicants must be Rhode Island-based 501c3 or tax-exempt nonprofit organizations. Applications will be reviewed and approved by BankNewport on a rolling basis, and the program will conclude once 200 donations, totaling $200,000, have been approved. Donations will not be considered for individuals without an organizational affiliation; state or local government entities; political activities; parent-teacher organizations; travel or transportation costs for conferences/competition/tournaments; or for entry fees for individuals or teams.

Questions regarding the “We’re All In” giving program may be directed to BankNewport at (401) 845-8673. 

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.  In addition, OceanPoint Insurance Agency, Inc., a subsidiary of BankNewport, offers a broad range of property casualty insurance products and a full array of financial services.  With 16 banking offices and $1.6 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. For more information, visit www.BankNewport.com.

Contact

Kathleen Charbonneau
Vice President/Community Relations
(401) 845-8673
Kathleen.Charbonneau@banknewport.com

David Madara joins OceanPoint Insurance to lead expansion into non-profit sector

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David Madara joins OceanPointBARRINGTON, R.I. (July 26, 2018) — OceanPoint Insurance Agency has named David J. Madara as its Client Relationship Manager, a position where he will bolster efforts to expand the agency’s foothold in the non-profit human services sector.

“David’s managerial experience and impressive track record of keeping clients satisfied along with his in-depth understanding of industry strategies will serve OceanPoint Insurance well,” said Doug Mayhew, President of OceanPoint Insurance. “We are confident he has the skills and expertise needed to help our agency become the region’s leading insurance provider for non-profit organizations.”

With more than 30 years of experience in the insurance industry, Madara was most recently the Chief Operating Officer at an insurance and financial services firm in southeastern Massachusetts where he led a team of nearly two dozen insurance agents and streamlined office operations. He also held managerial roles at a local insurance agency and with the Professional Insurance Agents Association and was president of The Madara Company Inc., a third-generation family agency that was founded by his grandfather.

Most recently, Madara volunteers actively with the American Red Cross Disaster Services, the Boy Scouts of America, and his faith organization. “Serving as risk management advisor to human service organizations is what drives me. If I can pass insurance understanding and advice forward to help my clients deliver on their mission more effectively, I will continue to make a difference for my community,” Madara said.

While his recent focus has been in the nonprofit and human services sector, Madara has served clients in healthcare, life sciences, construction, restaurant, technology, cultural arts and manufacturing industries. Additionally, he is well-equipped to help clients from various industries through his professional designations as a Chartered Property Casualty Underwriter (CPCU), Accredited Advisor in Insurance (AAI) and a Construction Risk Insurance Specialist (CRIS).

Madara started his new position in June and is optimistic about the agency’s future in the sector. “I’m looking forward to securing reliable products for companies dedicated to the public good and helping OceanPoint Insurance establish itself as the premier destination for risk management and all insurance-related needs.”

Madara resides with his wife, Lisa, in Westport Point, Mass, and he has two grown daughters.

About OceanPoint Insurance Agency
OceanPoint Insurance Agency, Inc., is a Trusted Choice independent insurance agency that provides a broad range of property casualty insurance products and a full array of financial services. A subsidiary of BankNewport and OceanPoint Financial Partners, MHC., OceanPoint Insurance can trace its roots back to 1863 and is one of the largest independent insurance agency operations in southeastern New England. With locations in Middletown, Barrington, North Kingstown, and Coventry, OceanPoint Insurance is positioned to meet the growing insurance needs of clients throughout the region. For more information, visit www.OceanPointIns.com.

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BankNewport Announces Purchase Of Offshore Financial

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NEWPORT, RI  (April 2, 2018) – BankNewport announced today that it has purchased the assets of Offshore Financial Corporation, a marine service company specializing in personalized marine financing programs.  Offshore Financial will operate as a Marine Lending Division of BankNewport.

Founded in 1989, Offshore Financial provides tailored finance programs for new and used boat purchases and refinancing options for existing boat loans.  The transition of Offshore Financial from a privately owned boat loan origination company to BankNewport expands the resources, products, and services available to Offshore Financial clients, including marine-related insurance products and banking products.

“Expansion of our marine lending activities presents a strategic growth opportunity for BankNewport,” stated BankNewport Executive Vice President, Chief Operating Officer, Leland R. Merrill.  “The Offshore Financial acquisition provides an immediate leadership position for the Bank, in a key sector of the recreational boating industry, and creates significant value for BankNewport and Offshore customers.”

In addition to its own lending capabilities, Offshore Financial works with a variety of national marine lending institutions which enhances their capacity to offer competitive rates, flexible terms, and specialized attention throughout the boat financing process.

Offshore Financial will retain its long-standing presence in Bay Head, New Jersey, along with offices in the tri-state area of New York, New Jersey, and Connecticut, in Florida, and now in Rhode Island.

BankNewport’s Marine Lending Division will be led by Austin Sedicum, Vice President, Director of Marine Lending.  With over 40 years of extensive experience in the marine and specialty lending arenas, Sedicum joins BankNewport from GCF Bank in Sewell, New Jersey, where he developed and managed their marine and specialty lending division.

Along with Austin, the Offshore Financial team members will be welcomed into the BankNewport and OceanPoint Insurance employee family.

Merrill continued, “BankNewport’s new Marine Lending Division is a continued investment in our business and we’re excited to capitalize on the opportunities our collective talents will bring in delivering an even stronger marine financing experience.”

About Offshore Financial

Offshore Financial Corp., a marine service company specializing in boat loan originations was founded by Bernadette Horvath and Matt Bartosh in 1989.  In March of 2018, Offshore Financial became a Division of BankNewport.  The transition of Offshore Financial from a privately owned boat loan origination company to Bank ownership vastly expands the resources, products, and services available to Offshore Financial customers.   In addition to its own lending capabilities, Offshore Financial works with a variety of national marine lending institutions to give Offshore Financial as much horsepower and flexibility as possible to meet your boat financing desires.

About BankNewport

Founded in 1819 and headquartered in Newport, Rhode Island, BankNewport offers a full suite of loan and deposit products and services for families and businesses throughout Rhode Island.  With 15 banking offices and $1.5 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.

About OceanPoint Insurance Agency

Headquartered in Middletown, Rhode Island, OceanPoint Insurance Agency, Inc., a BankNewport subsidiary, is a Trusted Choice independent insurance agency providing a broad range of property casualty insurance products, including all types of marine-related insurance products.  Tracing its roots back to 1863, OceanPoint Insurance is proud to serve the needs of clients from four full-service offices located in Middletown, Barrington, North Kingstown and Coventry, Rhode Island, forming one of the largest independent insurance agency operations in southeastern New England.

Contact: 

Kathleen Charbonneau

Vice President/Community Relations

401.845.8673

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OceanPoint and BankNewport Host “Feed the Kids” Summer Food Drive

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OceanPoint Insurance Agency and BankNewport invite the community to join us this summer to show support for the Rhode Island Community Food Bank in its efforts to provide food for local children in need.

Beginning Monday, July 7 through Saturday, July 19, all OceanPoint and BankNewport locations will be collection locations for community donations of “kid friendly” food items, including breakfast cereal, granola bars, canned/bagged pasta meals, mac’n’cheese and peanut butter. All items are non-perishable and are not limited to specific brand names.

During the school year, children have access to healthy and nutritious meals, but that comes to a harsh halt when summer vacation begins. We are excited to be able to make an impact to improve the lives of many children this summer.

Spread the word about our food drive with your family and friends – all food donations will truly make a difference!

Click Here to download the flyer.

Click Here to download the shopping list.

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BankNewport and OceanPoint Insurance Agency Children’s Book Drive

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Date: June 17-29, 2013

We Need Your Help to Collect Over 1,000 Children’s Books for Local Youth!   BankNewport, OceanPoint Insurance Agency (OPIA) and the United Way of Rhode Island’s Women’s Leadership Council are partnering with Books Are Wings on a children’s book drive that will run from June 17 through June 29 at all BankNewport branch and OPIA office locations. The goal is to collect over 1,000 new and gently used children’s books during the two-week long drive.

All of the books collected will be distributed during Back to School Celebration RI’s backpack distribution event sponsored by BankNewport at the East Bay Community Action Program (EBCAP) Health Center, Six John H. Chafee Blvd. in Newport on Saturday, August 17.

Click Here for recommended children’s reading lists to reference when considering your book donation.

For more information on the children’s book drive, please contact 401.845.8673.

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OceanPoint and BankNewport Win the Highest Level of Worksite Health Award!

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I am pleased to announce, on May 29, 2013, BankNewport will be awarded the “Exemplary” category award for the 2nd year in a row, by Blue Cross Blue Shield of Rhode Island and The Greater Providence Chamber of Commerce. The 19th Annual Worksite Health Awards ceremony held at the Crowne Plaza in Warwick. This is the highest level of Worksite Health Award given to an organization.

The Worksite Health Awards is co-sponsored by the Greater Providence Chamber of Commerce and Blue Cross & Blue Shield of Rhode Island (BCBSRI) is designed to recognize those Rhode Island businesses that are working to promote worksite wellness. The awards honor businesses that support prevention through written materials, seminars, lectures, and a demonstrated commitment to education through committee development and policy change. Four award levels are acknowledged: Achievement, Outstanding, Superior, and Exemplary.

Thank you for helping to make BankNewport and OceanPoint Insurance Agency a healthy place to work!

 

 

Carolyn Odell
HR Generalist

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