BankNewport to Open Branch at Chapel View

BankNewport  President and CEO, Sandra J. Pattie announced plans to open a new branch office in the first floor space of Building 4000 at Chapel View in Cranston in September 2016.

BankNewport has signed a 15-year lease for the new 2,700-square-foot branch at Chapel View. Located at the main entrance off of Sockanosset Cross Road and adjacent to Panera Bread, the branch will offer easy access for customers.

“BankNewport’s new Chapel View branch will provide added convenience to area customers, residents, commuters, and businesses to access our full range of financial services, delivered by a local team that they know and trust,” stated Sandra Pattie.

The new branch will operate with the universal banker model.  Bankers will be versed to assist customers with teller transactions, product sales, and servicing. Technology will be utilized to streamline transactions and enhance the customer experience in order to allow universal bankers, mortgage loan officers, and business development officers to focus on having conversations with customers to address individual needs and provide tailored solutions.  Easy to navigate electronic tools will allow customers the ability to set up online and mobile banking accounts at the branch.  The branch will also have an image-enabled ATM in the lobby and an outside drive-up ATM.

Pattie added, “There’s genuine excitement about our new branch at Chapel View and we look forward to continuing our role as a true community partner and neighbor to the residents and businesses of Cranston and surrounding communities.”

BankNewport, founded in 1819 and currently holding $1.4 billion in assets, is an FDIC-insured savings bank and is a subsidiary of OceanPoint Financial Partners, MHC (Mutual Holding Company). BankNewport is proud to serve the financial needs of individuals and businesses from 15 banking offices located throughout Rhode Island.

 

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Understanding the Importance of Long-Term Care Insurance

Long Term care Insurance

As we age, basic everyday activities can become increasingly difficult. Over time, many people discover that they require assistance to go about their daily lives. If you became unable to care for yourself, do you have a plan in place that ensures you receive quality care? Securing a long term care plan now can help alleviate the financial and emotional strain that can arise when extended care is needed.

Long-term care insurance is designed to help offset the expenses of assisted living homes or in-home care professionals. When you or someone you love is in need of extended assistance or care, costs can add up very quickly. If you were required to pay these costs out-of-pocket, would you have the necessary funds needed to pay for them? By investing in long-term care insurance before you need it, you can help mitigate, or in some cases eliminate, future expenses.

The topic of long-term care insurance is one that few people like to discuss. While no one wants to think about themselves or a family member needing this type of coverage, it is a smart investment to safeguard your future. 

Another reason long-term care coverage is often overlooked is due to a common misconception. Your current health insurance does not include coverage for long-term care. For this reason, it is best to purchase long-term care insurance as early as possible. Your age and health play major factors in determining costs, and purchasing a policy at a younger age can mean much lower rates.

At OceanPoint Insurance, we can help you consider the costs and benefits of Long-term Care Insurance.  For more information, contact our financial services team.

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