BankNewport Announces Loan Officer Appointment


NEWPORT, R.I. (October 17, 2019) – BankNewport is pleased to announce that Karen R. Vebber, of Portsmouth, Rhode Island, has been appointed vice president, residential loan officer. She will be responsible for identifying, developing and originating residential mortgage loans in the Portsmouth, Tiverton, and Little Compton geographic area.

With over 20 years of experience in the financial services industry, Karen joins BankNewport from People’s Credit Union where she served as a mortgage loan officer in their real estate lending division.

Karen earned a Bachelor of Science in Business Management from Westfield State University in Massachusetts. She currently serves as vice president of Habitat for Humanity of the East Bay.

About BankNewport
Founded in 1819 and headquartered in Newport, BankNewport offers a full suite of loan and deposit products and services for families and businesses throughout Rhode Island.  With $1.7 billion in assets, BankNewport is one of the oldest community banks in the United States and, as a mutual organization, is committed to the financial success of its customers, employees and communities. BankNewport has 17 branch locations, with commercial lending offices in Cumberland and Providence. The Bank’s 18th branch is anticipated to open in Johnston, Rhode Island later this fall.

BankNewport business lines include OceanPoint Marine Lending, specializing in consumer marine and recreational vehicle financing programs, and OceanPoint Insurance, a Trusted Choice independent insurance agency, providing a broad range of property casualty insurance products, including financial services and marine related insurance products.