Community & News

Press Releases

New Branch Planned For Westerly Media Contact: Susan Ouellet, 401 847 5500 x1651 NewportFed announced today that it has signed a lease as a tenant, partnering with Ocean State Job Lot to construct and occupy a new bank location in Westerly, at 18 Post Road, current location of Stop & Shop and the future site of Ocean State Job Lot. Subject to local approval, the Bank will construct a 3200 square foot single story stone and shingle building. The site will be home to a state of the art full service branch with 3 drive-thru lanes, including an ATM. “Construction of this new office will complete our plan to upgrade our facilities in Westerly and provide 21st century banking and enhanced convenience to the community,” said President & CEO Kevin McCarthy. The bank intends to begin construction as soon as approvals have been obtained from local governing authorities. The branch is expected to open in 2010. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $450 Million federally chartered publicly owned bank with 5 branch locations in Rhode Island; Newport, Middletown, Portsmouth, Wakefield, and Westerly and a location in Pawcatuck CT.

Mary Lou Lamontagne Joins NewportFed Media Contact: Susan Ouellet, 401 847 5500 x1651 Newport Federal Savings Bank President and Chief Executive Officer Kevin McCarthy has announced the appointment of Mary Lou Lamontagne as the Business Development Officer in Stonington Connecticut. Mary Lou will be responsible for establishing and servicing new deposit relationships with business, non-profit and personal customers. She will be developing leads and referrals for loans as well as merchant services and she will be calling on perspective new clients and servicing existing deposit relationships. Mary Lou’s previous banking experience was as a Senior Collection Manager at BankBoston and worked at Verizon as an Advertising Account Executive and at AT&T as a Small Business Account Executive. Mary Lou is a member of the Southeastern CT Women’s Network, Eastern CT Chamber of Commerce, TeamWomen, Girl Scouts of RI and both the Mystic Chamber of Commerce and the South Kingstown Chamber of Commerce. Mary Lou resides in Richmond, RI with her husband and two daughters. Since 1888, NewportFed has been meeting the savings and borrowing needs of its local community. Today NewportFed is a $430 Million federally chartered publicly owned institution with 6 locations in Rhode Island. In addition to its main office in Newport, the bank has 5 branch locations in Middletown, Wakefield, Portsmouth, and Westerly. The bank’s newest branch is in Stonington, CT.

Mildred Dion Named Branch Manager At Our New Stonington Branch Media Contact: Susan Ouellet, 401 847 5500 x1651 Newport Federal Savings Bank President and Chief Executive Officer Kevin McCarthy announced that Mildred Dion, Vice President at NewportFed will be the Branch Manager at the newest office located at 445 Liberty Street in Stonington, Connecticut. Mildred began her career at NewportFed in 2005 as the Branch Manager of the Union Street, Westerly location and had previously been with Westerly Savings Bank holding various positions starting as a teller then a mortgage officer and the vice president of retail operations. Mildred serves on the Board of Directors of the Bradford Jonnycake Center in Westerly and she resides in Westerly with her husband, Norman. Since 1888, NewportFed has been meeting the savings and borrowing needs of its local community. Today NewportFed is a $430 Million federally chartered publicly owned institution with 6 locations in Rhode Island. In addition to its main office in Newport, the bank has 5 branch locations in Middletown, Wakefield, Portsmouth, and Westerly. The bank’s newest branch is in Stonington, CT.

Join Us For Family Funday: June 13th, 10:00 am – 2:00 pm, At Our New Stonington Branch For More Information, Contact: Mildred Dion, Branch Manager, 860 599 1809 Bring the whole family to our new Stonington Branch for Family Funday! We'll have hot dogs, popcorn, a moon bounce and special visitors from Mystic Aquarium! The family friendly day will also offer balloons galore and other fun giveaways! While you’re here, enter to win one of several valuable prizes including $250, $100, $50 Stop & Shop gift cards. We’re looking forward to meeting our new neighbors and we hope to see you on the 13th! Since 1888, NewportFed has been meeting the savings and borrowing needs of its local community. Today NewportFed is a $430 Million federally chartered publicly owned institution with 6 locations in Rhode Island. In addition to its main office in Newport, the bank has 5 branch locations in Middletown, Wakefield, Portsmouth, and Westerly. The bank’s newest branch is in Stonington, CT.

Tim Burns Has Been Promoted To Vice President At NewportFed Media Contact: Susan Ouellet, 401 847 5500 x1651 Newport Federal Savings Bank President and Chief Executive Officer Kevin McCarthy announced that Tim Burns has been promoted to Vice President in the Commercial Lending Department. Tim is responsible for originating commercial loans and managing the commercial loan relationships in Newport, Bristol Counties, RI and Southeastern Massachusetts. His experience spans many years in all aspects of lending, loan servicing and collections. Tim is an active member of the Newport County Chamber of Commerce, the Jamestown Chamber of Commerce, the Newport Rugby Club and he is a Past President of the Ancient Order of Hibernians/Newport Division. Tim is a URI graduate and resides in Newport, Rhode Island with his wife, Pattie and daughters Mikaela, Mollie, and Malorie. Since 1888, NewportFed has been meeting the savings and borrowing needs of its local community. Today NewportFed is a $430 Million federally chartered publicly owned institution with 6 locations in Rhode Island. In addition to its main office in Newport, the bank has 5 branch locations in Middletown, Wakefield, Portsmouth, and Westerly. The bank’s newest branch is scheduled to open in Stonington, CT in April 2009.

The NewportFed Charitable Foundation Contributes Over $250,000 Statewide In 2008 Media Contact: Susan Ouellet, 401 847 5500 x1651 Newport Federal Savings Bank President and Chief Executive Officer Kevin McCarthy announced today that over $250,000 was distributed by the bank’s charitable foundation to community groups and charities in 2008. The level of giving exceeded the previous high granted by the Foundation. Mr. McCarthy noted, “…Giving back to the communities we serve has always been a priority at NewportFed, so in a time of unprecedented need, we’ve made an even more concerted effort to reach out and provide assistance to people and organizations in our markets. We’re proud that more than 150 organizations have benefited from our support and we expect to do more in the future.” In keeping with its mission, the 120-year old financial institution supported projects as varied as giving $30,000 in home heating fuel assistance targeted to Newport and South County residents, to environmental and scholastic initiatives providing educational resources to students. Since 1888, NewportFed has been meeting the savings and borrowing needs of its local community. Today NewportFed is a $430 Million federally chartered publicly owned institution with 6 locations in Rhode Island. In addition to its main office in Newport, the bank has 5 branch locations in Middletown, Wakefield, Portsmouth, and Westerly. The bank’s newest branch is scheduled to open in Stonington, CT in April 2009.

Sue Ann Votta Has Been Promoted To Vice President At NewportFed Media Contact: Susan Ouellet, 401 847 5500 x1651 Sue Ann Votta of Cranston, RI has been promoted to Vice President/Branch Manager at the Wakefield office of NewportFed. Sue Ann began her career at NewportFed in 1996, as Branch Manager and then Assistant Vice President and Branch Manager. She is very active with the South Kingstown Chamber, South Kingstown Lions Club, the American Cancer Society/Relay for Life, the SKFFD/Station 3 Ladies Auxiliary and The Senior Center/Accreditation Committee. Sue Ann has a BS in Business Administration and Communications from Providence College and an AS in Business Administration & Public Relations from Johnson & Wales University. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $375 Million federally chartered publicly owned bank with 5 locations in Rhode Island; The main office in Newport, and 4 branch locations in Middletown, Wakefield, 2 in Westerly and 2 locations scheduled to open in 2008, one in Portsmouth, RI and one in Stonington, CT.

Frankie Algiere Has Been Promoted To Vice President At NewportFed Media Contact: Susan Ouellet, 401 847 5500 x1651 Frankie Algiere has been promoted to Vice President/Branch Manager at the office of NewportFed on 2 Wilder Avenue in Westerly. Frankie began her career at NewportFed in 1984 and has held various positions including Teller, Head Teller, CSR and Assistant Vice President/Branch Manager. Frankie is involved with the Lions Club of Westerly, the Misquamicut Business Association and the Westerly Chamber of Commerce. Frankie received her Associates Degree from CCRI and she resides in West Kingston. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $375 Million federally chartered publicly owned bank with 5 locations in Rhode Island; The main office in Newport, and 4 branch locations in Middletown, Wakefield, 2 in Westerly and 2 locations scheduled to open in 2008, one in Portsmouth, RI and one in Stonington, CT.

Donna Manning Has Been Promoted To Vice President At NewportFed Media Contact: Susan Ouellet, 401 847 5500 x1651 Donna Manning has been promoted to Vice President/Branch Manager of the Middletown office. Donna has been with NewportFed in the Middletown office for 14 years in Branch Management. Donna graduated from SMU in 1989 with a B.S. in Accounting. She is the Vice-President of the Portsmouth Lions Club and Treasurer of the Portsmouth Public Education Foundation. Donna and her husband, Paul, reside in Portsmouth. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $375 Million federally chartered publicly owned bank with 5 locations in Rhode Island; The main office in Newport, and 4 branch locations in Middletown, Wakefield, 2 in Westerly and 2 locations scheduled to open in 2008, one in Portsmouth, RI and one in Stonington, CT.

Maria Morrison Barr Has Been Promoted To Vice President At NewportFed Media Contact: Susan Ouellet, 401 847 5500 x1651 Maria Morrison Barr has been promoted to Vice President/Branch Manager at the main office of NewportFed on 100 Bellevue Avenue in Newport. Maria began her career at NewportFed in 1988 and has held various positions including Teller, Head Teller, Operations Manager and Branch Manager. Maria serves on the Board of Directors of the RI Chapter of the American Red Cross and is the East Bay Advisory Board Chair for the American Red Cross, she is also involved with Sisters in Survival (a women’s cancer support group). Maria received her Associates Degree in Radio and Television Communication and she resides in Bristol with her husband, Tracy and their sons, Brian and Sean. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $375 Million federally chartered publicly owned bank with 5 locations in Rhode Island; The main office in Newport, and 4 branch locations in Middletown, Wakefield, 2 in Westerly and 2 locations scheduled to open in 2008, one in Portsmouth, RI and one in Stonington, CT.

Melanie Bell Has Been Promoted To Training Officer At NewportFed Media Contact: Susan Ouellet, 401 847 5500 x1651 Melanie began her career at NewportFed in 2000 as a Teller. She has held the positions of backup Head Teller and most recently Deposit Operations Clerk. In her new position as Training Officer, Melanie will be responsible for the training of all new and existing employees at NewportFed. She will also assist with Compliance and Human Resource Training, as well as ensuring that quality customer service standards are maintained bank wide. Melanie attended URI and resides in Wakefield, RI. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $375 Million federally chartered publicly owned bank with 5 locations in Rhode Island; The main office in Newport, and 4 branch locations in Middletown, Wakefield, 2 in Westerly and 2 locations scheduled to open in 2008, one in Portsmouth, RI and one in Stonington, CT.

Robert “RJ’ Coulter Starts At NewportFed Media Contact: Susan Ouellet, 401 847 5500 x1651 Robert J. Coulter has been hired as the Customer Service Supervisor at the 100 Bellevue Avenue location of NewportFed. RJ has years of experience in Customer Service from Bank Newport, and before that, Finn, Rodriquez and Washburn. He is a member of the Newport Chamber of Commerce and Aquidneck Land Trust. RJ graduated from URI and lives in Jamestown, RI with his wife Karin and 3 daughters, Victoria, Ella and Meredith. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $375 Million federally chartered publicly owned bank with 5 locations in Rhode Island; The main office in Newport, and 4 branch locations in Middletown, Wakefield, 2 in Westerly and 2 locations scheduled to open in 2008, one in Portsmouth, RI and one in Stonington, CT.

NewportFed Launches New And Improved Web Site Media Contact: Susan Ouellet, 401 847 5500 x1651 NewportFed is excited to announce the launch of the design of its new web site at www.newportfederal.com. The site was designed by Flaherty Robinson Design, a Rhode Island based graphic design firm, to better reflect NewportFed’s products and services. The new design is user friendly and provides better navigation among the online product offerings. “We are committed to offering our customers the best in financial service products, and that includes those associated with online and web based delivery channels.” said Kevin McCarthy, President and CEO of NewportFed. The new design provides for homepage logon to internet based services, and bill pay. The site features the E-Loop Checking Account which NewportFed offers locally, and is available online nationwide. This checking account offers a 5.51% interest rate up to $50,000.00 and Free ATM’s nationwide to customers that meet a set of minimal requirements. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $375 Million federally chartered publicly owned bank with 5 locations in Rhode Island; The main office in Newport, and 4 branch locations in Middletown, Wakefield, 2 in Westerly and 2 locations scheduled to open in 2008, one in Portsmouth, RI and one in Stonington, CT.

Sean W. McIntyre Is Promoted To Assistant Vice President In Commercial Lending Media Contact: Susan Ouellet, 401 847 5500 x1651 April 28, 2008, Newport, RI… The Board of Directors of NewportFed is proud to announce the promotion of Sean W. McIntyre to Assistant Vice President/Commercial Lending. Sean is responsible for originating new commercial loans and maintaining and servicing the existing portfolio in the West Bay area of Rhode Island. Sean has been at NewportFed since 2006 and has had a diverse background in bank and retail management previously at IKON Office Solutions as well as Fleet Boston Financial. Sean resides in Richmond, Rhode Island and is Co-Chair of the Narragansett Art Festival and an active member of the Wakefield Rotary Club. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $375 Million federally chartered publicly owned bank with 5 locations in Rhode Island; The main office in Newport, and 4 branch locations in Middletown, Wakefield, 2 in Westerly and 2 locations scheduled to open in 2008, one in Portsmouth, RI and one in Stonington, CT.

Jordan Coriander Is Promoted To Business Development Officer Media Contact: Susan Ouellet, 401 847 5500 x1651 April 28, 2008, Newport, RI… Jordan Coriander has been promoted to Business Development Officer at NewportFed. Jordan began her career at NewportFed in 2000, she has been the Head Teller and most recently Customer Service Representative and had previously worked at Fleet Bank. In this newly created position, Jordan will be helping the business customers at all locations of NewportFed with their banking relationships. This new position will offer the business customer a more personalized style of business banking. She will be able to open new accounts for them, open new accounts for their employees and work with each business customer to customize their financial relationship with NewportFed. Jordan is a graduate of LaSalle Academy in Providence and resides in Newport. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $375 Million federally chartered publicly owned bank with 5 locations in Rhode Island; The main office in Newport, and 4 branch locations in Middletown, Wakefield, 2 in Westerly and 2 locations scheduled to open in 2008, one in Portsmouth, RI and one in Stonington, CT.

Lion's Club Of Westerly Schedules Spaghetti Dinner Benefit Media Contact: Susan Ouellet, 401 847 5500 x1651 Westerly, RI… The Lion’s Club of Westerly has scheduled a Spaghetti Dinner, Thursday, April 10, 2008 from 5:00 p.m. – 7:30 p.m. at the Calabrese Club, 28 Pleasant Street, Westerly, RI to benefit DWI Accident Victim Sylvia Bogusz. All dinner expenses are being underwritten by NewportFed in order that 100% of ticket sales will benefit the victim, Sylvia Bogusz. Tickets are $8.00 for adults, $5.00 for children under the age of 12. This benefit is being planned by the members of the Lion’s Club and it is to help the family of Sylvia Bogusz. NewportFed and all of their employees have been taking part of this event to help support Sylvia and her mother, Grace Chylinska, who is a former employee. Sylvia is the 17 year old girl who was struck on Route 1 in South Kingstown in June 2007 by a drunk driver. She had done everything right, her car broke down, she pulled well off the road, called for help and got out of her vehicle and stood off to the right of the passenger side of the car and this drunk driver (who was arraigned in June and held without bail) lost control of her car and crossed over 2 lanes of highway and struck Sylvia. All proceeds from this event will be contributed to the ongoing hospitalization expenses that Sylvia and her family are enduring.

NewportFed Purchases Property In Portsmouth, RI Media Contact: Susan Ouellet, 401 847 5500 x1651 Newport, RI… NewportFed announced today that it has purchased the property at 1430 East Main Rd., Portsmouth (at the corner of School House Lane). The Bank will construct a 2-story stone and shingle building with approximately 6800 square ft. of usable space. The site will be home to 15 full time employees and house a full service branch with 3 drive-thru lanes, including an ATM. The bank’s Operations Department will relocate from Newport to the second floor of the new facility. “This expansion is driven by the Community,” said President & CEO Kevin McCarthy. “For many years our customers have asked that we locate in Portsmouth. The capital we raised upon going public not only provides the resources to expand in our back yard, but to consider opportunities in other nearby markets as well. This facility will enable NewportFed to offer the convenience of its consumer, business and commercial banking services to the Portsmouth community.” Construction is expected to begin in April, with completion expected late in the 4th quarter. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $370 Million federally chartered publicly owned bank with 5 branch locations in Rhode Island; Newport, Middletown, Wakefield, and 2 locations in Westerly.

NewportFed Coming To Stonington, CT Media Contact: Susan Ouellet, 401 847 5500 x1651 Newport, RI… NewportFed announced today that it has entered into an agreement with Readco Stonington III, LLC to lease an 11,000 sq. ft. parcel located in the new shopping center development situated at the northwest corner of Route 2 and Route 49, in the Town of Stonington. The Bank will construct a 3400 sq. ft. full service branch with 3 drive-thru lanes, including an ATM. “We are very excited to come to Stonington which, added to our branch presence in nearby Westerly, will provide added convenience to current customers, a first class product menu and top quality customer service to those who are new to us in Stonington”, said President & CEO Kevin McCarthy. He added, “Town officials have extended us every courtesy, and in turn we are committed to our responsibilities as corporate citizens and contributors to the local community. “ First Selectman Ed Haberek stated, “It is a pleasure to have the Town of Stonington become Newport Fed’s first location in Connecticut. Newport Fed has proven to be a great partner to the communities it serves and I look forward to Newport Fed becoming part of our community.” Construction will begin sometime in April and completion is expected in the 4th quarter of this year. Since 1888, NewportFed has been meeting the savings and borrowing needs of our local community. Today NewportFed is a $375 Million federally chartered publicly owned bank with 5 locations in Rhode Island; The main office in Newport, and 4 branch locations in Middletown, Wakefield, 2 in Westerly and 2 locations scheduled to open in 2008, one in Portsmouth, RI and one in Stonington, CT.

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