Burns promoted to VP of commercial lending at Newport Federal Savings
According to Newport Federal Savings Bank president and chief executive officer Kevin McCarthy, Tim Burns has been promoted to vice president in the commercial lending department.
Burns is responsible for originating loans and managing the loan relationships in Newport, Bristol Counties and southeastern Mass.
Burns is a member of the Newport County Chamber of Commerce and the Jamestown Chamber of Commerce. He is a URI graduate.
Since 1888, NewportFed has been meeting the needs of its local community.
NewportFed is a $430 million federally chartered publically owned institution with 6 locations in Rhode Island.
In addition to its main office in Newport, the bank has 5 branch locations in Middletown, Wakefield, Portsmouth, and Westerly. The bank's newest branch is scheduled to open in Stonington, Conn. in April.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary