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Narragansett Bancorp, Inc.

expected
Not yet set
status
Filed with SEC
proposed ticker
NARA
Industry
Savings Institutions, Not Federally Chartered
Headquarters
United States
Incorporated in
MD

Overview

— AI-generated from the filing, see note below

Business overview

Narragansett Bancorp, Inc. is a Maryland corporation formed as part of the reorganization of Narragansett Financial Corporation, which has governed BayCoast Bank since 1998. This transition establishes Narragansett Bancorp, Inc. as the bank holding company for BayCoast Bank, which operates as a Massachusetts-chartered savings bank providing various banking services including commercial and residential loans, insurance products, and investment services. The primary market for BayCoast Bank is in the South Coast of Massachusetts and Rhode Island, with additional operations expanding into multiple states for certain services.

Revenue model

BayCoast Bank generates revenue primarily through interest income from loans and investments, as well as non-interest income from subsidiaries that provide mortgage origination, investment management, insurance products, and other financial services.

Competitive strengths

  • Established presence since 1851
  • Diverse range of banking and financial services
  • Strong local market focus in Massachusetts and Rhode Island
  • Sustained regulatory oversight by state and federal authorities
  • Multiple income-generating subsidiaries enhancing customer relationships

Risk factors

  • Dependence on the South Coast Massachusetts and Rhode Island markets
  • Regulatory changes affecting banking operations
  • Economic fluctuations impacting loan performance and deposits
  • Competition from larger financial institutions
  • Operational risks associated with various financial products

Use of proceeds

The proceeds from the offering will primarily be used for general corporate purposes, including supporting the growth and operations of BayCoast Bank.

This summary is generated automatically from the company's own filing and may contain errors or omissions. It is a reading aid, not a substitute for the filing itself, and it is not advice.

IPO details

The proposed ticker is NARA. Narragansett Bancorp, Inc. is headquartered in United States and incorporated in MD. It is classified under Savings Institutions, Not Federally Chartered.

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Frequently asked questions

What is Narragansett Bancorp, Inc.'s ticker symbol?

Narragansett Bancorp, Inc.'s proposed ticker is NARA.

Where this data comes from

Registration statement filed with the U.S. Securities and Exchange Commission. Retrieved Aug 27, 2026.

View the original filing on SEC EDGAR

Not investment advice. DiscoverIPO is an informational database. Nothing here is a recommendation to buy or sell any security, and no content should be relied on as financial advice. All figures come from public filings and exchange calendars, may be incomplete or out of date, and should be verified against the original source before you act on them.

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