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Business Beat: BankNewport names Patrick Laundry Senior Vice President…
BankNewport announced that Patrick Laundry has been named senior vice president, director of business intelligence & strategic planning. “In his new role, Laundry will be responsible for the development, delivery, and coordination of analysis of bank data, market trends, and the competitor landscape to inform strategic decision making and help capitalize on identified growth opportunities, optimize operational efficiencies and ensure the Bank’s long-term success.”
The industry veteran brings more than two decades of experience to the position, most recently as senior vice president, senior strategy manager, business banking at Citizens Bank. Prior to Citizens, Laundry worked as a senior manager, bank relations and treasury operations at Sun Life Financial in Wellesley, Massachusetts.
Laundry holds Bachelor of Arts degrees in Economics and Philosophy and a Master of Business Administration from Boston College. He is also a graduate of the CBA Executive Banking School, formerly the Graduate School of Retail Bank Management.
Laundry resides in Providence.
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.