NEWPORT, R.I. (October 03, 2019) - BankNewport is pleased to announce that Peter C. Salvadore, of North Kingstown, Rhode Island, has been appointed vice president, portfolio relationship manager. He will be responsible for developing, building and managing commercial lending relationships, supporting the lending team with existing portfolio management and all new customer/prospect acquisition activities, including new business efforts, prospecting, and managing the credit approval process.
With over 20 years of experience in the financial services industry, Peter joins BankNewport from Santander Bank where he served as assistant vice president, commercial lending middle market account manager in Providence. He was formerly a vice president, commercial leasing with Bank of America.
Peter earned a Bachelor of Arts in Political Science from the University of Rhode Island in Kingston. He is a former Certified Public Accountant.
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.