BankNewport Names Joseph Arver Senior Vice President, Financial Advisor
NEWPORT, R.I. (November 23, 2022) – BankNewport is pleased to announce that Joseph Arver has been named senior vice president, financial advisor. In his new position, Arver manages financial planning and analysis, asset-liability management, and the Bank’s budgeting process. Prior to his new role, he was vice president, senior financial analysis, working on the implementation of the new Axiom Budgeting System.
Prior to joining BankNewport in 2016, Arver was an assistant vice president, senior financial analyst at State Street Financial of Boston. He earned a Bachelor of Science in Business Administration from the University of Rhode Island in Kingston and holds a Master of Business Administration from the Smeal College of Business at Pennsylvania State University. He is a resident of North Kingstown, Rhode Island.
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 and a commercial lending office in Providence. OceanPoint Marine Lending, a business line of BankNewport, specializes in consumer marine and recreational vehicle financing programs.
Through its All In Giving program, BankNewport is committed to supporting nonprofits with areas of impact focused on basic human needs, children and families, education economic security, healthy lives, arts and culture, and the environment. BankNewport has awarded over $7 million in grants, sponsorships, and donations over the past 11 years to a wide range of nonprofits to help strengthen and enrich lives and communities throughout Rhode Island. Financial education and community service performed by employees total 7,300 hours annually.