BankNewport acquires boat-financing business

MIDDLETOWN – BankNewport announced Wednesday it has acquired a Maryland-based boat-financing business, enabling the bank to expand such financing in Rhode Island and beyond. The Middletown-based bank said it has purchased the assets of JustBoatLoans by Vertisol Inc., a marine-service company specializing in consumer marine and recreational-vehicle financing programs. JBL provides tailored financing programs for…

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