WASH - Washington Trust Bancorp Inc.

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WASH Profile

Washington Trust Bancorp, Inc. operates as the holding company for The Washington Trust Company, based in Westerly, Rhode Island, providing a wide range of banking and financial services to both individual and business clients. Organized into two main segments, the company's operations encompass Commercial Banking and Wealth Management Services. The Commercial Banking segment offers a diverse portfolio of lending products, including commercial real estate loans such as mortgages and construction financing, commercial and industrial loans, residential real estate loans including mortgages and homeowner construction loans, and various consumer loans like home equity lines of credit and personal installment loans.

In addition to lending, this segment provides a comprehensive suite of deposit products, including interest-bearing and noninterest-bearing accounts, NOW and savings accounts, money market accounts, retirement deposits, and time deposits. The segment also delivers essential banking services such as debit cards, ATMs, telephone banking, internet banking, mobile banking, remote deposit capture, and cash management solutions, catering to the evolving needs of its customer base.

The Wealth Management Services segment specializes in investment management, financial planning, and a range of personal trust and estate services such as trustee, custodian, and guardian services. It also handles the settlement of decedents' estates and offers institutional trust services including custody and fiduciary services. Serving both individual and institutional clients, this segment plays a crucial role in providing tailored financial solutions and fiduciary services.

Founded in 1800, Washington Trust Bancorp, Inc. has established itself as a trusted financial institution deeply rooted in its community. Beyond traditional banking services, the company operates as a licensed broker-dealer, offering variable annuities and college savings plans, enhancing its comprehensive suite of financial offerings. Headquartered in Westerly, Rhode Island, Washington Trust Bancorp continues to uphold its legacy of financial stewardship and commitment to customer satisfaction through personalized service and innovative financial solutions.

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