Narragansett Bancorp is the holding company for BayCoast Bank, a community bank operating in Massachusetts and Rhode Island. BayCoast Bank gathers retail deposits from local customers to fund a loan portfolio concentrated in commercial and multi-family real estate. BayCoast Bank also provides residential real estate, home equity, commercial business, construction, and consumer loans. The bank supplements interest income with fee-based revenue from several subsidiaries. BayCoast Mortgage and Priority Funding originate and sell residential and manufactured home loans across multiple states. Plimoth Investment Advisors provides wealth management and trust services, while BayCoast Insurance sells insurance products. A newer subsidiary, Stack Ally, provides data integration and automation solutions. The business model of Narragansett Bancorp relies on the net interest spread between loan yields and deposit costs, supported by a base of core retail deposits. To diversify revenue, Narragansett Bancorp focuses on growing its mortgage banking income, insurance commissions, and trust fees. Narragansett Bancorp intends to shift its lending toward higher-yielding commercial assets and improve its cost structure by automating workflows and upgrading technology systems. Narragansett Bancorp operates under a mutual holding company structure where a parent entity retains majority voting control.