BankNewport originates commercial, residential and consumer loans that are essential for small business growth, homeownership, job creation and retention, each of which contribute to a strong foundation in local communities and our state.
As interest rates have climbed over the past 18 months and housing inventory has remained low, BankNewport has continued to provide mortgage financing to our borrowers through our portfolio loan programs and our partnership with Rhode Island Housing.
At BankNewport, we are committed to a personal banking experience. We take great pride in our role as trusted financial advisors to our customers, and our team of residential loan officers, retail bankers, business bankers and commercial lending officers are empowered to provide support and guidance to help customers make important financial decisions at key times in their lives. BankNewport continues to offer a full suite of mortgage products, including our own first time homebuyer, one-close construction, and jumbo financing.
BankNewport has remained steadfast in providing exceptional service, competitive products and innovative solutions for generations of families and businesses. Under the leadership of BankNewport President & CEO Jack Murphy, our goal is to grow the Bank in a prudent manner that benefits our primary stakeholders, our customers, through the introduction of new and innovative products and enhanced digital and mobile technology.
In 2023 BankNewport’s residential lending team grew by the addition of three new loan officers, allowing BankNewport to provide exceptional service to all areas of Rhode Island and Massachusetts. Our new loan officers are knowledgeable in all BankNewport mortgage products including our first time homebuyer programs as well new construction and rehab financing.
Community commitment is integral to our mission. BankNewport has awarded $8 million in grants, sponsorships, and donations to a wide range of nonprofits over the past ten years to help strengthen and enrich lives and communities throughout the state. Creating a positive impact in the communities in which we serve is at the core of BankNewport. We truly believe that by helping individuals and businesses succeed financially, the whole community thrives. We’re All In!
For more information on BankNewport, its retail lending operations and more, please visit: https://www.banknewport.com/.
Senior Vice President, Retail Lending Operations Manager