BankNewport forms new marine lending division following acquisitions

NEWPORT – BankNewport is expanding its “marine lending” business with the formation of OceanPoint Marine Lending, a new division of the bank. Over the past year, BankNewport has “maximized its strong position” in the marine financing business through the acquisition of two privately owned boat-loan origination companies – JustBoatLoans by Vertisol Inc. earlier this year,…

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