Protect yourself against check fraud by minimizing the number of physical checks you are writing, use digital payments wherever possible and turn on transaction alerts.

BankNewport Names Oscar Joaquim New President of OceanPoint Marine Lending


NEWPORT, R.I. (February 1, 2023) – BankNewport is pleased to announce that Oscar Joaquim has been named president of OceanPoint Marine Lending (OPML), a division of BankNewport. In his new role, Joaquim will be responsible for the marine lending division.


“Founded and headquartered in the ‘City by the Sea,’ it should come as no surprise that the marine industry is one that is important to many of our customers,” said Jack Murphy, President and CEO, BankNewport.  “We are thrilled that Oscar will take the reins of OceanPoint Marine Lending and continue its superior level of service to our marine customers locally and around the country.”


Prior to joining BankNewport, Joaquim worked at Citizens Bank for nearly three decades in the auto finance division, most recently as senior vice president, national sales manager.  Prior to that, he was senior vice president, product and strategy and served as senior vice president, national credit manager.


A division of BankNewport since 2019, OPML is the boat buyer’s best choice for marine financing services, offering innovative and flexible consumer marine and recreational vehicle financing programs. Through a team of seasoned marine finance specialists with experience encompassing yacht and boat financing, OPML offers customers one of the largest networks of quality bank lenders in the marine industry and the most competitive financing options, whether they are purchasing a new or used boat, or refinancing an existing loan.


OPML’s business growth and expansion strategy has included a continued investment in digital, leading the industry with a fully automated loan application process.  “OceanPoint Marine Lending signifies a continued investment in our business and a commitment to delivering an even stronger marine financing experience,” Murphy continued.  “With Oscar’s leadership, we’re excited by the growth opportunities to deepen relationships with our customers and offer specialized lending services in New England and along the entire East Coast to Florida.”




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 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 $8 million in grants, sponsorships, and donations over the past ten 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 totals 8,500 hours annually.  For more information, please visit www.BankNewport.com


About OceanPoint Marine Lending:

OceanPoint Marine Lending, a division of BankNewport, offers personalized marine and recreational vehicle financing programs. An industry leader in customer service, OceanPoint Marine Lending also offers one of the largest networks of quality bank lenders in the marine industry and are able to offer its clients the most competitive financing options to meet their needs, whether purchasing a new or used boat or refinancing existing loans. For more information, please visit www.oceanpointmarinelending.com.