BankNewport Names Paul Levitre Vice President, Loss Mitigation Manager, Credit Administration Department
NEWPORT, R.I. – (July 11, 2023) – BankNewport is pleased to announce that Paul Levitre has been named vice president, loss mitigation manager of the Credit Administration department. Levitre has more than 35 years of credit and collection experience. In his new role he is responsible for the success of the Bank’s loss mitigation program for commercial, retail and consumer loans for the Bank, as well as risk management processes involving impairment analysis and remediation planning.
Levitre joined BankNewport in 2016, most recently serving as assistant vice president, loss mitigation specialist. He earned a Bachelor of Science degree in Business Administration with a concentration in Finance and Insurance from the University of Rhode Island and is a resident of Middletown, 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 $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.