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Balance Sheet Cash Flow Statement 23 Broad St. Westerly, RI 02891 RI Tel. 401-348-1200 Toll Free 800-475-2265 Fax 401-348-1407 |
Type: Public
On the web:
http://www.washtrust.com
Employees:
483
Employee growth: 1.9%
Without seeming naive, Washington Trust Bancorp can utter "Washington" and "trust" in the same breath. The firm owns The Washington Trust Company, one of the oldest banks in Rhode Island. The bank operates more than 15 branches in the state, as well as in southeastern Connecticut. The bank offers commercial loans and mortgages (some 40% of the loan portfolio) and residential mortgages (also about 40%), as well as consumer and other loans. Its deposit products include checking, money market, and savings accounts; CDs; and IRAs. The bank also provides trust and investment management services. It was originally chartered in 1800.
Key numbers for fiscal year ending December, 2008:
Sales: $106.0M
One year growth: 0.6%
Net income: $22.2M
Income growth: (6.8%)
Officers:
Chairman and CEO, Washington Trust Bancorp and The Washington Trust Company: John C. Warren
President, COO, and Director; President and COO, The Washington Trust Company: Joseph J. (Joe) MarcAurele
EVP, CFO, Treasurer, and Secretary, Washington Trust Bancorp and The Washington Trust Company: David V. Devault
Competitors:
Bancorp Rhode Island
Citizens Financial Group
Sovereign Bank




