BankNewport has expanded its Commercial Lending team with the hiring of vice president, commercial lending officer, Paul Sousa.
Paul Sousa will be responsible for developing, building and managing commercial lending relationships throughout Rhode Island, Southeastern Massachusetts, New York and Northern New Jersey, with a special focus on the franchise lending market.
Sousa comes to BankNewport from Santander Bank in Providence where he served as vice president, franchise lending relationship manager. Paul is a resident of Bristol, Rhode Island.
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. In addition, OceanPoint Insurance Agency, Inc., a subsidiary of BankNewport, offers a broad range of property casualty insurance products and a full array of financial services. With 16 banking offices and $1.6 billion in assets, BankNewport is one of the oldest community banks in the United States and, as a mutual organization, is committed to the financial success of its customers, employees and communities.