About Us

About Offshore Financial 

Offshore Financial Corp., a marine service company specializing in boat loan originations was founded by Bernadette Horvath and Matt Bartosh in 1989. In March of 2018 Offshore Financial became a Division of BankNewport. The transition of Offshore Financial from a privately owned boat loan origination company to Bank ownership vastly expands the resources, products, and services available to Offshore Financial customers. In addition to its own lending capabilities, Offshore Financial works with a variety of national marine lending institutions to give Offshore Financial as much horsepower and flexibility as possible to meet your boat financing desires.

About BankNewport

Founded in 1819 and headquartered in Newport, Rhode Island, BankNewport offers a full suite of loan and deposit products and services for families and businesses throughout Rhode Island.  With 15 banking offices and $1.5 billion in assets, BankNewport is one of the oldest community banks in the United States and, as a mutual organization, is committed to the financial success of its customers, employees and communities.

About OceanPoint Insurance Agency

Headquartered in Middletown, Rhode Island, OceanPoint Insurance Agency, Inc., a BankNewport subsidiary, is a Trusted Choice independent insurance agency providing a broad range of property casualty insurance products, including all types of marine related insurance products.  Tracing its roots back to 1863, OceanPoint Insurance is proud to serve the needs of clients from three full service offices located in Middletown, Barrington, and Coventry, Rhode Island, forming one of the largest independent insurance agency operations in southeastern New England.

Our Mission

  • To provide you with financing programs for new & used boats, as well as refinancing existing boat loans.
  • To offer you the most competitive rates and terms, whether you are purchasing a daysailer or a megayacht.
  • To tailor a financing program that will meet your individual needs and provide you with other cost saving services.
  • To provide you with the best in customer service so that your entire boat financing process is a smooth and pleasant one.

Our People Make the Difference

At Offshore Financial our reputation for being an industry leader in customer service is made possible only by our people. Each associate within our organization has been chosen based on their knowledge, professionalism and dedication to first "you", our customer and second to the industry. Our associates average over 20 years of experience in just marine financing. The slogan "Our People Make The Difference" is not just words, but is what sets us apart from the rest.

Building Relationships

Even though the boat you're purchasing today is perfect for your needs, you might want to make a change in the future and we realize that. At Offshore Financial we don't think of you as just today's applicant, we work with you to develop a clear understanding of your financial situation the first time, so that if or when you need financing again, one simple call to our office will reactivate your file and you'll be dealing with someone who is totally familiar with your individual situation. At Offshore Financial we want to be your marine finance source today and in the future.

Person to Person

While technology is necessary to conduct business efficiently today, we have not forgotten the age old art of communication. The saying, "Bigger is Always Better" is not the case in marine financing; Offshore Financial, provides superior service while maintaining personalized contact before, during, and after the loan. We believe in productive two-way communications which allows us to fully understand your needs. At Offshore Financial, the old-fashioned handshake and quality conversation is a refreshing change from our competitors' normal business operations. We look forward to discussing how we can make your dream an affordable reality.