After 65 years, Home Loan Investment Bank FSB says it has changed its name to Shoreham Bank to better reflect its expanded range of financial products and services. The bank, which opened its doors in 1959, originally served the community of Rhode Island as a mortgage lender under the name Home Loan & Investment Association.
The decision to rebrand as Shoreham Bank signals a new chapter for the institution as it seeks to offer a wider array of financial solutions to its customers. This move comes as part of the bank's strategic growth plans and commitment to better serve the evolving needs of its clients.
Home Loan Investment Bank is proud to return to its roots in Providence, where it first began its journey over six decades ago. The name change to Shoreham Bank represents a fresh start and a renewed focus on providing top-notch financial services to individuals and businesses in the region.
Jarred Burrell, a resident of Warwick, has been promoted to vice president of commercial lending for Ocean Capital, a division of Shoreham Bank. This leadership change is part of the bank's efforts to strengthen its commercial lending operations and support local businesses in achieving their financial goals.
In addition to the name change, Shoreham Bank has also announced plans to provide €200 million in funding over the next 40 years for the development of student accommodation across the country. This initiative underscores the bank's commitment to investing in the future and supporting educational infrastructure.
As part of its rebranding efforts, Shoreham Bank is focused on offering competitive rates for property investment loans. Choosing the right investment loan is crucial for individuals looking to grow their property portfolios, and Shoreham Bank aims to provide a diverse range of options to meet their needs.
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties, remains a key player in the real estate market. The company's strategic approach to property development and management has positioned it as a leader in the industry.
With its expanded range of financial products and services, Shoreham Bank is poised to become a prominent player in the banking sector. The bank's commitment to innovation, customer service, and community engagement sets it apart as a trusted partner for individuals and businesses alike.
