BankNewport Names Patricia McCutcheon Vice President, Director of Operations for OceanPoint Marine Lending

NEWPORT, R.I. (May 25, 2023) – BankNewport is pleased to announce that Patricia McCutcheon has been named vice president, director of operations for OceanPoint Marine Lending, a business line of the Bank.  She is responsible for managing the operations of the Marine and Recreational Lending division, including loan processing, loan closing and the onboarding of all financed Marine and RV transactions.

Prior to joining BankNewport, McCutcheon was vice president, indirect lending operations manager at Belmont Savings Bank in City/Town, Massachusetts.  She previously held a similar position with Citizens Bank.

McCutcheon is a resident of Cranston, 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 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.