Paramount Partners Facilitates BankNewport’s Northern Rhode Island Expansion

BankNewport, founded in 1819, is Rhode Island’s sixth largest bank, and third largest state chartered bank. It is one of the longest-standing community banks in the United States. As a mutual organization, it is committed to the financial success of its customers, employees, and communities. BankNewport has 19 retail branch locations, a community lending center in Central Falls and a commercial lending office in Providence. With 2.2 billion dollars in deposits, within the last eight months, BankNewport added a full-service retail branch in Lincoln and its Community Lending Center in Central Falls, as it continues to increase its footprint in northern Rhode Island. In addition to the Lincoln and Central Falls facilities, Paramount Partners has worked with BankNewport in opening branches in Providence (2), Cranston, Johnston, and Warwick.