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BankNewport Names Shannon Melchione Vice President, Residential Loan Officer


NEWPORT, R.I. – (November 21, 2021) – BankNewport is pleased to announce that Shannon Melchione has been appointed vice president, residential loan officer. In her new position, Melchione is responsible for identifying, developing, and originating residential mortgage loans in the Cranston and East Side of Providence  geographic area.

Corporate Headshot of Shannon Melchione“We are thrilled to welcome Shannon to our team,” said Gina Lauro, VP/ Residential Sales Manager, BankNewport.  “With many years  of experience in the industry, her expertise will be a wonderful asset to our group and offers incredible value to our clients in the Cranston and Providence areas.

Prior to her new position, Melchione was a mortgage loan officer at Greenwood Credit Union in Warwick, RI and before that, at Savings Institute Bank & Trust in Newport, RI. She is a graduate of The Prout School in Kingston, RI, and attended the University of Rhode Island.  A native of Newport, RI, Melchione currently resides in West Greenwich with her husband and two children.

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.  With $2.0 billion in assets, 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 17 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.