Washington Trust Bancorp (NASDAQ:WASH) is the bank holding company for The Washington Trust Company, a community bank headquartered in Westerly, Rhode Island. Through its subsidiary, the company operates a network of branch offices across Rhode Island and southeastern Connecticut, serving individuals, small businesses and municipalities with a full suite of financial services.
The company’s core business activities encompass retail and commercial banking, including checking and savings accounts, consumer and commercial loans, mortgage financing, and cash management solutions. In addition to traditional deposit and lending products, Washington Trust Bancorp offers wealth management and fiduciary services such as trust and estate administration, investment advisory, retirement planning and insurance products to high‐net‐worth clients and nonprofit organizations.
The Washington Trust Company traces its origins to 1800, making it the oldest community bank in Rhode Island. Over its more than two centuries of operation, the bank has maintained a commitment to conservative lending practices, local decision-making and community involvement. The bank holding company structure was established to support strategic growth initiatives and streamline regulatory compliance as the business expanded.
Today, Washington Trust Bancorp is led by a board of directors composed of regional business and civic leaders and an executive management team with deep experience in banking, finance and community development. The company emphasizes relationship banking, aiming to foster long‐term partnerships with customers and support economic growth in the communities it serves.
