Jarred Burrell has been promoted to Vice President, Commercial Lending for Ocean Capital, the commercial lending division of Home Loan Investment Bank. In this new role, he oversees all aspects of loan origination, loan servicing and collections.

“Jarred is a rising star at Home Loan,” Brian Murphy, Chairman and CEO said in a statement. “From the start, his business acumen, work ethic and passion for the business have been factors in Ocean Capital’s success. I’m confident that he is the right person to run our commercial lending business, and I look forward to seeing the division grow under his leadership.”

Burrell joined Ocean Capital in 2011 as a loan analyst. Over the next seven years he moved quickly through the organization, with promotions to Portfolio Analyst, Credit Analyst/Underwriter, and most recently, Commercial Lending Manager.

A resident of Warwick, Burrell graduated from Springfield College with a B.S. in Business Administration and a concentration in finance. In 2014 he earned certified commercial loan officer designation from the ICBA.

Home Loan Investment Bank, FSB (HLIB) is a federally regulated, FDIC-insured bank offering mortgages, home improvement loans, automobile, motorcycle and commercial vehicle financing, small business lending, CDs, savings and IRA accounts, checking accounts, and online and mobile banking.

Established in 1959, Home Loan Investment Bank is headquartered in Warwick and offers its products and services through two retail branches in Warwick and Providence, Rhode Island, eight mortgage offices in Rhode Island and Massachusetts, and nationally through a network of brokers, contractors and automobile dealers. In addition to online and mobile banking, customers can access accounts via a national network of more than 55,000 surcharge-free All-Point ATMs. For more information visit www.homeloanbank.com.