Marine lender rebrands, aims to double portfolio

OceanPoint Marine Lending, the newly rebranded marine lending division of Bank Newport, aims to double its loan portfolio to $200 million in the next three to five years, Senior Vice President Director of Marine and Recreational Lending Larry Reagan told Powersports Finance. In 2018, the Middletown, R.I.-based Bank Newport acquired Offshore Financial to gain a […]

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Matthew Wood

Matt Wood is the Associate Editor of PowerSports Finance, where he is responsible for covering all the latest news, trends, and innovations with powersports lenders and dealerships. Previously, Matt was a writer for Auto Finance News before switching full-time to PowerSports Finance. He is also an experienced entertainment news writer covering pop culture, movies, and TV shows. Matt received his Bachelor’s degree in Communication from Rowan University in New Jersey.

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