financial services

Freedom National opens lending office

FROM LEFT: Laura McNamara, executive director, East Providence Chamber of Commerce; Gary Ezovski, Freedom National Bank board member; Anthony Botelho, president and CEO, Freedom National Bank; U.S. Sen. Jack Reed; Jeanne Boyle, East Providence planning director; and John Gregory, president and CEO, Northern Rhode Island Chamber of Commerce.
Posted 11/29/11

EAST PROVIDENCE – Taking advantage of a vacant building it already owned, Smithfield-based Freedom National Bank is expanding its reach by opening a new commercial lending office in East Providence at 222 Warren Ave.

“It was a former building that had gone out of business and the bank just wants to extend its reach to commercial customers as well as customers in the east bay area and this seemed like a natural way to do it, said Richard Slater, spokesman for Freedom National Bank.

The lending office opened on Nov. 21.

“It’s an administrative office where they will have some commercial lending people, they will have mortgage originators that’ll try to develop residential mortgage business in East Providence as well as in the East Bay Area,” Slater said

Freedom National Bank, which ahs been around for about ten years, is not a big bank, but it is well-known in northern Rhode Island and they are looking to have a presence in other areas of the state, working primarily with small to mid-size businesses, he said.

Freedom National Bank has in Greenville and Cumberland.

The new office will offer local businesses a full array of commercial lending services including commercial real estate loans, funds for working capital needs and equipment financing.

As a U.S. Small Business Administration preferred lender, Freedom’s staff is qualified to assist customers acquire the necessary funds to grow their business. Slater said.

Freedom also will begin offering a number of residential mortgage programs throughout the East Bay area. The service will be provided through its affiliate banking relationship. First-time homebuyers and current homeowners also will be able to take advantage of the new mortgage source.

“Having grown up in East Providence with deep roots in the community, I’m delighted that Freedom Financial Center has located to East Providence and can offer local businesses and residents the kind of local responsive service they deserve,” said Freedom National Bank President Anthony Botelho.

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News