January 30, 2015 6:51 AM ET

Banks

Company Overview of The Washington Trust Company

Company Overview

The Washington Trust Company, a state-chartered bank, provides banking products and services in Rhode Island, Connecticut, and Massachusetts. The company offers checking, money market, savings, CDARS, and certificates of deposit accounts. Its lending portfolio includes mortgages, reverse mortgages, home improvement and debt consolidation loans, home equity lines, home equity loans, auto/boat/RV loans, term loans, business lines of credit, commercial real estate loans, and small business administration loans. The company also provides debit and credit cards, insurance brokerage, retirement planning, financial and tax planning, investment management, trust, online and mobile banking, bill paym...

23 Broad Street

Westerly, RI 02891

United States

Founded in 1800

Phone:

401-348-1200

Fax:

401-348-1386

Key Executives for The Washington Trust Company

Chairman
Age: 63
Chief Financial Officer
Age: 59
Chief Operating Officer and Director of Investments
President of Weston Financial Group and Chief Operating Officer of Weston Financial Group
Executive Vice President of Operations & Technology and Executive Vice President of Operations and Technology
Age: 52
Compensation as of Fiscal Year 2014.

The Washington Trust Company Key Developments

Washington Trust to Open a New Branch in Rumford, RI in the First Quarter of 2015

Washington Trust to open a new branch, located at 330 Newport Avenue in Rumford, RI in the first quarter of 2015. The Rumford branch will be Washington Trust’s second East Providence location; the bank currently has an office at 587 Taunton Avenue, East Providence, RI. Upon the Rumford opening, Washington Trust will have 19 branches throughout Rhode Island and one in Mystic, CT. The new Rumford branch will offer a number of services catering to the unique banking needs of each and every customer. With convenience at the heart of its design, the new branch will consist of a spacious 3,400 square-foot interior that will serve customers through four teller stations including one handicap-accessible station. Other features within the branch include safety deposit service and a walk-up ATM. Outside the branch, a drive-up banking lane and drive-up ATM will serve customers on the go while a night deposit will cater to small business customers. Supporting the branch, a team of Washington Trust professionals will maintain the tradition of friendly, personal care and service that has made Washington Trust Rhode Island’s bank of choice for more than 214 years.

Washington Trust Opens New Mortgage Production Office in Darien; Appoints Executives to Darien Office

Washington Trust announced the opening of its new mortgage production office located at 1025 Boston Post Road in Darien, Connecticut. The Darien office is managed by Washington Trust Mortgage Company Executive Vice President James L. Gueltzow and currently has three local mortgage loan officers on staff: Darlene B. Lee of New Canaan, CT; Kevin L. Kinahan of Wilton, CT, and George H. Zygmont of Cos Cob, CT. The team has been in Fairfield County over the past year through temporary facilities in Stamford.

The Washington Trust Company Provides Commercial Financing and Banking Services to Cardi's Furniture

The Washington Trust Company announced that the company provided commercial financing to Cardi's Furniture. Washington Trust will also provide cash management and other banking services for Cardi's.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 3, 2014
The Washington Trust Company, Merchant Services Portfolio
 

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