WARWICK – Bristol County Savings Bank has opened a loan office in Warwick, the bank said, to serve businesses and grow its presence in Rhode Island.
The new loan office at 300 Jefferson Blvd. will assist businesses with a variety of banking needs, from commercial loans and mortgages to cash-management services, the Taunton-based bank announced.
“Over the past couple of years, we have experienced particularly strong loan growth in Rhode Island to the point where it became a priority to open another loan office in the state,” said John Silva, the bank’s executive vice president of commercial lending.
The bank said its “steady growth” in commercial lending, personal and business banking, and mortgage services has resulted in it having $2 billion in assets and more than 400 employees in southeastern Massachusetts and Rhode Island.
In addition, the bank’s Bristol Wealth Group, which is affiliated with Raymond James Financial Services, provides businesses, municipalities, nonprofits and individuals with investment services. The bank also offers property and casualty insurances for its customers through a majority-owned insurance partner, FBinsure.
With the recent opening of the new Warwick office, Silva said: “We are excited about having a larger physical presence in central Rhode Island with this office and look forward to combining our brand of personal service with a process that is simple and streamlined to help our customers focus on building their businesses.”
Scott Blake is a PBN staff writer. Email him at Blake@pbn.com.