BayCoast Bank Opens Providence Loan Office; Establishes Commercial Lending Facility at 10 Dorrance Street

PROVIDENCE, RI and FALL RIVER, MA – BayCoast Bank (www.baycoastbank.com) has officially come to Providence, with the opening of a new loan office at 10 Dorrance Street, dedicated to commercial lending.

The loan office, a 1300 square foot space in the downtown section, officially opened September 8. Initially, it will be staffed with two commercial lending officers.

The Providence loan office marks the Bank’s second location in Rhode Island. Their other Rhode Island presence is Tiverton at 1 Crandall Road. The Bank also has a location in nearby Seekonk, MA.

Nicholas Christ, President and CEO of BayCoast Bank, said, “We have been looking at a Rhode Island expansion for some time now, and we look forward to expanding our footprint with this Providence location.” He added, “Providence is a vibrant market and we look forward to serving the needs of the region.”

The Bank begins its operations by having commercial lending officers Michael Paiva and Joseph Sheehan based out of the new office.

 

About BayCoast Bank:

BayCoast Bank is a mutually-owned savings bank that was chartered in 1851. Currently, the Bank serves southeastern Massachusetts and Rhode Island with locations in Fall River, New Bedford, Seekonk, Somerset, Swansea, North Dighton, Fairhaven, Dartmouth, Westport, and Tiverton, RI.  BayCoast Bank offers a wide range of financial services including investment management, trust services, and insurance and brokerage services to consumers and businesses.  Its affiliates include BayCoast Financial Services, offering stocks, bonds, mutual funds, annuities and college savings plans; and Partners Insurance Group, LLC, an independent agency representing several insurance companies that provide automobile, home, life and business coverage. Nicholas Christ is the Bank’s President and Chief Executive Officer. Main headquarters are at 30 Bedford St, Fall River, MA 02721. For additional information on the Bank or its services, please visitwww.BayCoastBank.com or call 508-678-7641.

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