BankNewport Names Vice President

Mark Fernandez

NEWPORT, R.I. (June 4, 2008) - BankNewport President and CEO, Thomas W. Kelly, recently announced the appointment of Mark Fernandez to the position of vice president, mortgage consultant. He will be responsible for originating residential first mortgages in the areas of Middletown, Newport, Portsmouth and Southeastern Massachusetts. Mark comes to BankNewport from Mortgage Master in East Providence, Rhode Island where he served as a mortgage consultant. He was formerly with Prime Mortgage in Middletown, Rhode Island, also as a mortgage consultant. Mark and his wife Laura reside in Portsmouth, Rhode Island. BankNewport, founded in 1819 and currently holding $1 billion in assets, is an FDIC-insured savings bank and is a subsidiary of the Mutual Holding Company, OceanPoint Financial Partners, MHC. Along with its other OceanPoint Financial Partners - OceanPoint Insurance Agency, Inc., Smith Mack & Associates, Meredith & Clarke, and Narragansett Underwriting Group – BankNewport is proud to serve the financial needs of customers from banking and insurance offices located throughout southeastern New England.