NEWPORT, RI — BankNewport has appointed Thomas Bailey of Coventry as vice president, credit administration manager.
In this role, Bailey will oversee the day-to-day operations of the Bank’s Credit Administration team and partner proactively with the Commercial Lending team and other departments to ensure continued excellence in credit quality and risk management.
Bailey brings extensive experience in credit administration and commercial lending to BankNewport, having previously served in leadership roles at HarborOne Bank. With more than a decade of expertise in small business underwriting and portfolio management, he is highly skilled in maintaining high credit standards and supporting strategic growth initiatives.
A native of Burrillville, RI, Thomas earned a bachelor’s degree in economics with a minor in mathematics from the University of Rhode Island. He is a resident of Coventry, RI.
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 nineteen branch locations, a community lending center in Central Falls, 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 $9.8 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 10,000 hours annually. For more information, please visit www.BankNewport.com.
Author: Rob Borkowski
Rob has worked as reporter and editor for several publications, including The Kent County Daily Times and Coventry Courier, before working for Gatehouse in MA then moving home with Patch Media. Now he's publisher and editor of WarwickPost.com. Contact him at [email protected] with tips, press releases, advertising inquiries, and concerns.
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