November 15, 2017
Coastway was proud to accept a 2017 Providence Business News Business Excellence Award for Overall Excellence of a Mid-Size Company. Designed in 2001 to honor the state’s leading companies and individuals, PBN’s Business Excellence Awards is the magazine’s longest running awards program. It has become PBN’s premier awards event, recognizing leadership and general excellence at private and public companies and nonprofit organizations.
PBN Editor, Mark Murphy, wrote, “Applicants for Providence Business News' Business Excellence Awards program show outstanding growth and profitability, and Coastway Community Bank is no exception. But what sets apart BEA winners from other applicants are their focus on customers and community. Thus, while Coastway has doubled assets and loans, and nearly doubled net interest income from 2011 to 2016, it is the bank's community involvement program that pushed it over the top compared to the other mid-size companies in the program. More than three-quarters of bank employees volunteered in the community for a total of nearly 5,000 hours of service. More than just encouraging employees to volunteer, the bank seeks out opportunities for its employees, ones that will make the communities they live in stronger and more equitable. Coastway well deserves the recognition that comes with a Business Excellence Award.”
Coastway’s President & CEO, William White, accepted the award at a reception at the Omni Providence Hotel on November 8, 2017. “I’m passionate about what we’re able to do in our communities. Because we’re one of the smaller banks in Rhode Island, we’re able to form relationships with our customers and really work with them on a one on one level to make sure they’re getting what they need out of the banking relationship. Every time one of our Mortgage Loan Officers gets a thank you note from a first time buyer, or we attend the grand opening of a new business that we’ve financed, I think, this is what it’s all about.”
Check out our award video, here: Coastway 2017 Business Excellence Award