Newport Federal Savings Bank in Rhode Island has promoted chief lending officer Ray D. Gilmore from senior vice president and to executive vice president.

Mr. Gilmore oversees the $1 billion-asset bank's loan portfolio and lending operations and is also its compliance officer.

He came to Newport in 1992 from Shawmut Bank in Providence, R.I., in whose corporate banking division he was a vice president.

Earlier he was an assistant vice president in community banking at Fleet Bank, and still earlier a national bank examiner at the Office of Comptroller of the Currency.

Newport Federal is a federally chartered mutual bank with branches in Newport, Middletown, and Wakefield, R.I.

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