BankNewport parent company reports $18.5M 2019 profit

NEWPORT – OceanPoint Financial Partners, the parent company of BankNewport, brought in an $18.5 million profit in 2019, the company reported Monday.. Year-end net income was 10% higher than the $16.8 million profit reported in 2018, according to its 2018 annual report. Total revenue reached $98 million, an increase of 25.6% over the prior year. …

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