Peter W. Rector

Newport Bancorp, Inc. is a bank holding company operating through its subsidiary, Newport Federal Savings Bank. The Newport Federal Savings Bank operates as a community oriented financial institution offering financial services to consumers and businesses. It attracts deposits from the general public and uses those funds to originate one-to-four family residential, multi-family, construction, commercial real estate, consumer and home equity loans, and lines of credit. Newport Bancorp was founded in March 2006 and is headquartered in Newport, RI.

Newport Federal Savings Bank is a federally chartered savings bank. The company is based in Wakefield, RI.