10,916Employees
$1.2 BTotal Annual Compensation & Benefits
$108,950Average Total Compensation & Benefits
8Banks Headquartered in State
Before the onset of COVID-19, 35 employee volunteers from BankNewport and its sister agency, OceanPoint Insurance, participated in a meal-packaging project with the United Way of Rhode Island. This partnership not only allowed bank employees to interact with their community, but also gave them the chance to strengthen relationships with their team beyond the walls of their branch.
Source: Estimates based on ABA 2019/2020 survey data
$584.1 MSmall Business Loans Outstanding
$3.2 BNew Home Loans Booked in 2018
13,595Number of New Home Loans in 2018
$165,000Median New Home Loan Size in 2018
$42.9 MSmall Farm Loans Outstanding
Citizens Bank’s Small Business Recovery Program committed $2 million to business customers impacted by the COVID-19 pandemic. Through the program, 134 small businesses were selected to receive a $15,000 grant to help them recover. One recipient is Operation Made, a small Rhode Island-based boutique where Veterans and military spouses can sell their handcrafted merchandise.
Source: Estimates based on ABA 2019/2020 survey data, HMDA
1 MTotal Customers
$31.1 BDeposits
938.7 KConsumer
128.5 KSmall Business
0.0Small Farm
21Banks Operating Branches
252Branches & Offices
Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data
78.2 KVolunteer hours
$40.8 MCommunity Donations
BankNewport continues to uphold its commitment to the community during the COVID-19 pandemic. The Bank’s Community Fund Committee provided grants totaling $250,000 to Rhode Island COVID-19 response funds and the Rhode Island Community Food Bank.
Source: Estimates based on ABA 2019/2020 survey data. Does not include individual employee donations.
