BankNewport Repeats as One of America’s 
Best Banks to Work For in 2025

BankNewport has been named one of the 2025 Best Banks to Work For, marking the third time the Bank has earned this national recognition. American Banker has partnered with Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees.

BankNewport is one of only 90 banks nationwide to earn a place on this year’s list, selected from nearly 4,500 banks across the United States. The 2025 honorees were chosen based on an anonymous employee survey and a comprehensive review of each institution’s workplace policies, benefits, and culture. The full list is available at American Banker | Banking & Financial News & Analysis.

"The banks recognized as Best Banks to Work For are institutions employees want to join and stay," said Chana Schoenberger, editor-in-chief of American Banker. "They understand how to give workers reasons to find purpose in their jobs."

The survey and awards program is designed to identify and honor banks with the best cultures for helping employees thrive.

“BankNewport’s strength comes from the people who walk through our doors every day — both our customers and our employees,” said Jack Murphy, President and CEO, BankNewport. “This recognition is a reflection of the culture we’ve built together, one where collaboration, respect, and opportunity allow our teams to thrive.”

Determining the Best Banks to Work For is a two-step process. First, each participating bank’s workplace policies, practices, and demographics are evaluated, accounting for approximately 25% of the total evaluation. Second, employees completed surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace, worth approximately 75% of the total evaluation. Combined, these results determined the final ranking.

To be considered for participation, banks must have at least 50 employees working in the U.S. and have been in business for a minimum of one year. Best Companies Group managed the registration and survey process and also analyzed the data to determine the final ranking. 

BankNewport’s continued recognition highlights its commitment to cultivating a dynamic workplace where employees are inspired, engaged, and positioned for long-term success.

For more information on the Best Banks to Work For program, visit www.BestBankstoWorkfor.com.

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, arts & culture, education success, and healthy lives, thriving communities.  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.

About American Banker:
American Banker empowers banking professionals with unique analysis and insight into the ideas transforming their business and industry. Across its journalism, events, research and benchmarking, it helps drive the way forward through the complexity of business innovation, retail and commercial disruption, technology, regulation and reform. With a banking community 850k strong, American Banker’s content connects leaders online, in person and in print every day.

About Best Companies Group:
Since 2004, Best Companies Group has specialized in identifying and recognizing great employers to work for. We are an independent research firm that ranks companies based on our established research methodology. Our surveys provide actionable, hard-to-obtain data that companies use to improve employee recruitment and retention.