Banknewport is a bank based in Middletown, Rhode Island, established in 1819, with $3.1 billion in total assets across 20 branches. By Trust Grade it ranks 2nd of 6 banks we track in Rhode Island. Its capital ratio of 10.0% trails most similarly sized banks (45th percentile), versus a Rhode Island median of 11.1%. It was profitable over the most recent period, with a 0.53% return on assets. No consumer complaints against Banknewport appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Banknewport compares to Rhode Island peers
How we graded Banknewport
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.0% capital ratio)
- Profitable (ROA 0.53%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Banknewport over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (20)
- 184 John Clarke Rd, Middletown, RI 02842
- 528 W Main Rd, Middletown, RI 02842
- 614 Main Rd, Tiverton, RI 02878
- 2628 E Main Rd, Portsmouth, RI 02871
- 1740 Main Rd, Tiverton, RI 02878
- 31 Conanicus Ave, Jamestown, RI 02835
- 6 Gooding Ave, Bristol, RI 02809
- 323 Market St, Warren, RI 02885
- 330 County Rd, Barrington, RI 02806
- 730 Centre Of New England Blvd, Coventry, RI 02816
- 90 Point Judith Rd, Narragansett, RI 02882
- 1350 Ten Rod Rd, North Kingstown, RI 02852
- 1000 Division St, East Greenwich, RI 02818
- 4000 Chapel View Blvd, Cranston, RI 02920
- 55 Dorrance St, Providence, RI 02903
- 5 S Angell St, Providence, RI 02906
- 1423 Hartford Ave, Johnston, RI 02919
- 27 Strawberry Field Rd, Warwick, RI 02886
- 1 Wake Robin Road, Lincoln, RI 02865
- 757 Broad Street, Central Falls, RI 02863
Are deposits at Banknewport insured?
Yes. Banknewport is an FDIC-insured bank (FDIC certificate #18129). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Banknewport: frequently asked questions
Is Banknewport a good bank?
Banknewport earns a Bankzia Trust Grade of A (94/100, "Excellent"), based on a financial-strength score of 94/100 (it has no CFPB complaints on record). Strongly capitalized (10.0% capital ratio); Profitable (ROA 0.53%).
Is Banknewport FDIC-insured?
Yes. Banknewport is a FDIC-insured bank (FDIC certificate #18129). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Banknewport?
Banknewport holds $3.1 billion in total assets, ranking 2nd of 6 banks we track in Rhode Island. It operates 20 branches.
Does Banknewport have CFPB complaints?
No CFPB complaints against Banknewport appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
