BankNewport


Overview / Commentary
401-845-2265
10 Washington Square
Newport, RI 02840

BankNewport is headquartered in Newport and is the 4th largest bank in the state of Rhode Island. It is also the 497th largest bank in the nation. It was established in 1819 and as of December of 2019, it had grown to 338 employees at 18 locations. BankNewport has an A+ health rating.

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Reviews (1)

Banknewport The Worst Bank In Rhode Island

Posted by: |

This has to be the worst bank i have ever worked with this bank will do everything in it's power to hit you with overdraft charges
there customer service is rude every time it rains there system goes down you are better off with a larger bank as banknewport pay such
low wages to there workers they have no pro bankers to help you



Health
A+

Health Grade Components

Overall
FDIC Certificate #18129
Year Established1819
Employees338
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD9.93%
Annual Interest Income$75.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.75B$1.67B
LoansQ4 2019vs Q4 2018$1.40B$1.33B
DepositsQ4 2019vs Q4 2018$1.41B$1.34B
Equity CapitalQ4 2019vs Q4 2018$197.4MM$173.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$13.5MM$12.0MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$10.9MM$11.6MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

Rates for BankNewport are currently being reviewed.

Locations

Availability



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