BankNewport Names David J. Costa Vice President and Manager, Specialized Lending and Portfolio Management

NEWPORT, R.I. (September 15, 2022) – BankNewport is pleased to announce that David J. Costa has been named Vice President and Manager of Specialized Lending and Portfolio Management.  Costa brings more than 30 years of banking and commercial lending experience, most recently serving as Vice President and Portfolio Relationship Manager in the Commercial Lending Group for BankNewport.

In his new position, Costa will manage BankNewport’s Specialized Lending Programs and a team of Portfolio Relationship Management Professionals.  His team proactively supports the commercial lending group in managing existing portfolio customers while assisting with new customer acquisition activities, resolving issues, and managing the credit approval process. Costa and his team are focused on ensuring the customer experience is always first in class.

Costa earned a Bachelor of Science degree in Business Administration from Roger Williams University and currently resides in Bristol, Rhode Island.

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.  BankNewport is one of the longest-standing 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 18 branch locations, with commercial lending offices in Cumberland and Providence.

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 employee benefits and marine related insurance products.