Shannon Melchione

Melchione Joins NewportFed Mortgage Team

Sep 16, 2013

Willimantic, CT (September 16, 2013) – Shannon Melchione has joined NewportFed, a division of Savings Institute Bank & Trust, as a Mortgage Loan Consultant, according to Melissa Phillips, Savings Institute Bank & Trust Company Vice President, Mortgage Lending.

Shannon has over 13 years of mortgage banking experience, most recently with The Peoples Credit Union in Middletown, Rhode Island. Shannon offers particular expertise in FHA loans, VA loans, as well as Construction and Conventional loans.  Shannon is especially proud of her track record assisting first-time buyers with successful mortgage financing programs.

“With Shannon’s knowledge and experience, we are thrilled to be able to bring to our NewportFed customers and communities an added level of mortgage service and expertise,” Phillips added. “We think it’s a very good fit.”

In her new position, Ms. Melchione will be based in the Newport office located at 100 Bellevue Avenue and will provide lending services to customers throughout Aquidneck Island. She can be reached at (401) 487-3878. Shannon is a native of Aquidneck Island and resides in Middletown.

NewportFed is a division of Savings Institute Bank & Trust Company which is headquartered in Willimantic, Connecticut. The combined entity has twenty-six branches in Rhode Island and eastern Connecticut. Savings Institute Bank & Trust is a full service community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses within its market area.