About

About Offshore Financial 

Offshore Financial Corp., a marine service company specializing in boat loan originations became a Division of BankNewport in April of 2018. The transition 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 you as much flexibility as possible to meet your boat financing needs.

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 17 branches and $1.7 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. Visit BankNewport.

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 four full service offices located in Middletown, Barrington, Tiverton, and Coventry, Rhode Island, forming one of the largest independent insurance agency operations in southeastern New England. Visit OceanPoint Insurance Agency

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.
  • To tailor a financing program that will meet your individual needs.
  • To provide you with the best in customer service to ensure you entire boat financing process is a smooth and pleasant one.

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

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.