BankNewport Announces Appointment of Benjamin Andrew as Vice President, Senior Commercial Credit Analyst
BankNewport is pleased to announce that Benjamin M. Andrew has joined the Bank as vice president, senior commercial credit analyst. In this role, he is responsible for analyzing financial data to assess the creditworthiness of commercial clients and preparing detailed credit memorandums utilizing cash flow analysis, industry research, and collateral evaluation to support the Bank’s commercial lending decisions. Andrew joins BankNewport with extensive experience in commercial credit analysis and
BankNewport Recognized as RI’s #1 SBA Lender in Multiple Categories
BankNewport Named Rhode Island SBA Lender of the Year in 7(a), 504 and Combined Dollar VolumeBankNewport Receives Multiple Honors for Fiscal Year 2025 BankNewport has been recognized by the U.S. Small Business Administration’s Rhode Island District Office for outstanding performance in small business lending, once again ranking number one statewide across multiple SBA lending categories. During the annual SBA Rhode Island Lender Awards ceremony on January 28, BankNewport was named: ● Rhode Island
OceanPoint Funding, Inc. Announces Acquisition of Lending Associates, Inc.
On January 14, 2026, OceanPoint Funding, Inc., an affiliate of OceanPoint Financial Partners, MHC, entered into an agreement to acquire Lending Associates, Inc. OceanPoint Financial Partners is the parent company of the OceanPoint Marine Lending brand. Lending Associates is a well‑established organization with a strong reputation in marine, RV, and aircraft lending. Led by Grant Smalling and Jack Crittenden, the company is headquartered in St. Petersburg, FL, with a team serving the West Coast, Great
BankNewport Highlights 2025 Community Investment
More than $1.75 million in giving and 10,000 service hours throughout Rhode Island BankNewport is pleased to announce that its 2025 philanthropy resulted in more than $1.75 million in total giving throughout Rhode Island. The funding was inclusive of charitable grants, contributions, community sponsorships, and branch donations. The Bank’s philanthropy impacted organizations across four key focus areas: basic human needs, education success, arts and culture, and healthy lives, thriving
