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WASH

 
Hoover's Profile: Washington Trust Bancorp, Inc.
(NASDAQ (GS):WASH)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Washington Trust Bancorp, Inc.
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

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Wikipedia: WASH
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WASH
WASH-FM.jpg
City of license Washington, D.C.
Branding WASH-FM
Slogan Best Variety from Yesterday and Today (Year round)/
Washington's Home for the Holidays (Mid-November-Christmas)
Frequency 97.1 MHz (Also on HD Radio)
97.1-HD2 for Smooth Jazz
Format Adult Contemporary (Now playing Christmas music)
ERP 17,500 watts
HAAT 242 meters
Class B
Facility ID 70933
Callsign meaning WASHington
Owner Clear Channel Communications
Sister stations WBIG, WIHT, WMZQ, WWDC
Webcast Listen Live
Website washfm.com

WASH (97.1 FM) is a Clear Channel Communications radio station located in Washington, D.C.. Known on-air as "Wash-FM", the station has a adult contemporary format. The station also streams its broadcast on the Internet.

WASH has been a soft adult contemporary station in one form or another since the 70s. For a few years in the early 80s, the station attempted to do a Top 40 / CHR format (publicized by the station's "WASH with the Stars" TV ad campaign) which had no success and the station later returned to their original Soft AC format. On Saturday nights from 7 pm - midnight (Eastern time), the station plays disco music and related songs (mostly 70s Top 40) in a program known as "Jammin' Saturday Night". The station recently began broadcasting two hours of 80s music (from midnight - 2:00 am Eastern time) immediately following "Jammin' Saturday Night".

The station plays exclusively Christmas music from mid-November through Christmas Day (plus on July 25th for "Christmas in July") and calls itself "Washington's Home for the Holidays" during the season.

Contents

WASH-FM Early History

WASH-FM was an early FM station licensed to Washington, DC in 1944. Original owner, Everett L Dillard. WASH-FM and its’ owner, Dillard were early pioneers in FM “networking” and Stereo broadcasting.

Networking

During the 1940s Dillard also headed the Washington-based Continental FM Network, a 52-station network. The Continental Network was Dillard’s & Edwin Howard Armstrong's creation to get some content for Armstrong’s Alpine, NJ, station. Dillard's WASH fed a 15 kHz phone line to Alpine. Some of the content was WASH's evening classical record program. The network “connected” Dillard’s WASH-FM to stations in New Jersey, Pennsylvania, New York (as far west as Buffalo), Connecticut, Massachusetts and ending at Mount Washington, in New Hampshire. Many of the stations picked up the broadcast from the station "down the line" and rebroadcast it, thus allowing the next station "up the line" to pick-up the broadcast and forward it along.

Early Stereo

WASH-FM also conducted early experiments with stereo broadcasts. One system was to broadcast one channel over WASH-FM, and the other channel on another of Dillard’s stations, WDON-AM. (1540 Kc Wheaton, MD)

Dillard Sells WASH-FM

Dillard sold WASH-FM in 1968 to Metromedia, who moved the studios and transmitter from Wheaton, MD to Metromedia’s Wisconsin Ave. headquarters. The transmitter was moved to Metromedia’s WTTG-TV’s transmitter facility and broadcast from the WTTG-TV tower.

$1,000,000 Giveaway

In the 1970s, the station gained notoriety for its million dollar give-away contest, both because of the amount of money involved and because of the difficulty the station encountered in finding a winner who met all of the contest's requirements.

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