2012-05-10 / News

BankNewport, SSV Hazard Perry unite

BankNewport’s new boat loan program was launched with a special announcement connecting loan customers with the opportunity to help build Rhode Island’s educational Tall Ship, the SSV Oliver Hazard Perry.

Now through Dec. 31, for each consumer boat loan of $100,000 or more that is originated at BankNewport, the bank will donate $250 to Oliver Hazard Perry Rhode Island. For each consumer boat loan less than $100,000, the bank will donate $100.

“BankNewport is proud of its long partnership with the Oliver Hazard Perry Rhode Island organization,” said Leland Merrill Jr., BankNewport’s executive vice president of commercial lending. “We commend their unwavering commitment to construct this sailing school vessel, a significant economic development, educational, and cultural benefit for Newport and the state.”

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