Colleen J. Medeiros

NEWPORT, R.I. (September 25, 2007) – BankNewport President and CEO, Thomas W. Kelly, recently announced the appointment of Colleen J. Medeiros to senior vice president and chief information officer. Medeiros joined BankNewport in 1980 and has held various positions, most recently serving as vice president and chief information officer. She is responsible for overseeing all aspects of development and implementation of the Bank’s information technology program, including strategic and tactical planning; development, evaluation, and coordination of the information and technology systems; and disaster recovery plan.

Medeiros earned an associates degree in Business Administration from Bristol Community College in Fall River, Massachusetts and is a graduate of the Bank Administration Institute (BAI) Graduate School of Bank Operations and Technology at Vanderbilt University in Nashville, Tennessee. She is a member of the executive board of the New Bedford High School Band Boosters Association and is a member of the Newport County Chamber of Commerce. Colleen and her two children reside in New Bedford, Massachusetts.

BankNewport, founded in 1819 and currently holding $1 billion in assets, is an FDIC-insured savings bank. Along with its other OceanPoint Financial Partners - OceanPoint Insurance Agency, Inc., Smith Mack & Associates, Meredith & Clarke, and Narragansett Underwriting Group – BankNewport is proud to serve the financial needs of customers from banking and insurance offices located throughout southeastern New England.