BankNewport Launches SHOP401™ to Champion Local RI Businesses
BankNewport believes in small business and we’re proud to stand behind your success.
BankNewport is proud to announce the launch of SHOP401™, a new marketing initiative across Rhode Island designed to uplift small businesses by encouraging Rhode Islanders to shop local.
As the #1 SBA lender in Rhode Island, BankNewport continues its legacy of local investment by helping business customers grow, thrive, and connect with the communities they serve. SHOP401™ underscores BankNewport’s focus and passion for Rhode Island’s businesses. At its core, the initiative encourages shopping locally, investing in neighbors, and recognizes the entrepreneurial spirit driving the Ocean State.
Through promotions, social media features, and strategic partnerships with the SBA, chambers of commerce and Skills for Rhode Island’s Future, the program aims to drive valuable support to local businesses in the form of visibility, patronage, and tangible support.
Jack Murphy, President & CEO of BankNewport says, “we believe small businesses are the heart of our local economy—and the backbone of our communities. You are innovators, risk-takers, and job creators. Whether it’s through increased visibility, access to resources, or creating stronger community connections, our goal is to be more than just a bank. We are a true partner, celebrating everything that makes our local business community unique.”
BankNewport prides itself on providing everything businesses need to grow including banking, lending, digital services, and dedicated small business resources to provide concierge level service. SHOP401™ reflects BankNewport’s mission to be a true partner, not just a provider, for the small business community—empowering business owners to make informed decisions at every stage.
Follow along on social media @BankNewport to meet the featured businesses and discover new ways to support Rhode Island’s small business community.
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. BankNewport is one of the oldest banks in the United States and, as a mutual organization, is committed to the financial success of its customers, employees, and the community for 206 years. BankNewport has nineteen branch locations, a community lending center in Central Falls, and a commercial lending office in Providence. OceanPoint Marine Lending, a business line of BankNewport, specializes in consumer marine and recreational vehicle financing programs.
Through its All In Giving program, BankNewport is committed to supporting nonprofits with areas of impact focused on basic human needs, children and families, education, economic security, healthy lives, arts and culture, and the environment. BankNewport has awarded over $7.7 million in grants, sponsorships, and donations over the past five years to a wide range of nonprofits to help strengthen and enrich lives and communities throughout Rhode Island. Financial education and community service performed by employees totals 10,000 hours annually. For more information, please visit www.BankNewport.com.
