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PBN names 2018 Business Women honorees

PROVIDENCE —  Sandra J. Pattie, president and CEO of BankNewport, has been named the 2018 Career Achiever in the 2018 Providence Business News Business...

SBA-backed loans in R.I. decline in first half of fiscal 2018

PROVIDENCE — Halfway through the current fiscal year, the U.S. Small Business Administration has guaranteed 7.5 percent less in loans to local businesses, even...
BANKNEWPORT has acquired Offshore Financial Corp. to operate as its marine-financing division./COURTESY OF BANKNEWPORT

BankNewport acquires Offshore Financial

NEWPORT – BankNewport has acquired a New Jersey financial company to operate as its marine-lending division. The Newport-based bank on Monday announced the purchase of...
THE THEME of this year’s Southern New England Go Red for Women luncheon is “Just Breathe.”

BankNewport’s Kagan provides theme for 2018 Go Red for Women luncheon

PROVIDENCE – The 2018 Southern New England Go Red for Women luncheon, part of the American Heart Association Go Red for Women movement, will take place...
THE FEDERAL HOME Loan Bank of Boston recently announced it partnered with BankNewport and Bank Rhode Island to provide $1.8 million in grants and loans to support affordable housing in the Ocean State.

FHLB provides $1.8M for affordable housing in Rhode Island

PROVIDENCE – The Federal Home Loan Bank of Boston last week announced it provided $1.8 million in grants and loans to support affordable housing...
EXPANDING: Home Loan Investment Bank recently opened two new lending offices, in Warwick and Providence. Above, foreground, Kevin Roche, vice president, speaks with Tania Krouse, mortgage adviser, while John Casey, background left, mortgage banker, consults with Brian J. Murphy, chairman and CEO. / PBN PHOTO/MICHAEL SALERNO

Small banks, credit unions still finding value in opening new branches

When was the last time you went to the bank? If you can’t remember, you’re not alone. Waiting in line for the bank teller is...

BankNewport seeks approval for 2 Providence branches

PROVIDENCE – BankNewport is expanding into Providence, WPRI-TV CBS 12 reported Nov. 20. The mutual savings bank has requested approval from the R.I. Department of...
CITIZENS BANK MAINTAINED its status as the bank with the largest percentage of deposits in the region, according to the latest FDIC data. /PBN FILE PHOTO/NICOLE DOTZENROD

Citizens Bank grows share of deposits in the region

PROVIDENCE –Citizens Bank N.A. cemented its position as the bank in the region with the highest market share of deposits on June 30, according...
BANKNEWPORT has acquired Offshore Financial Corp. to operate as its marine-financing division./COURTESY OF BANKNEWPORT

BankNewport balances digital, brick and mortar services

FASTEST GROWING COMPANIES | $25M-$75M | 5TH PLACE As one of the oldest mutual savings banks in the United States, BankNewport has successfully balanced its...
PATRICK J. MURRAY JR., president of Bristol County Savings Bank, was recently reappointed to the Massachusetts Bankers Association board of directors. /COURTESY BRISTOL COUNTY SAVINGS BANK

Massachusetts Bankers Association elects new board of directors

BOSTON – The Massachusetts Bankers Association last week elected nine executives to serve on its board of directors, including the reappointment of Patrick J....
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