Washington Trust Bancorp: Banking for More than Two Centuries

One of the most trusted and is registered as the largest state-chartered bank in the state of Rhode Island is Washington Trust. The financial institution is the operating subsidiary of the Washington Trust Bancorp. As the oldest community bank in the region, the rich history of the company goes back to its founding in 1800.

Despite the changing landscape in the financial sector of the country, the business remains competitive for more than 2 centuries. Through innovation and excellence in customer service, the business continues to attract new investors and depositors and at the same time retain old clients. It remained solid in its influence in the growth of the region and continues to fuel development of communities where it operates in. Through its guiding principles of quality, integrity and community, Washington Trust remains steadfast in its commitment in serving the region and the country.

There are two reporting segments within the venture: Commercial Banking and Wealth Management Services. Both of these segments continue to offer an array of services that are intended to help their clients, businesses and institutions reach their financial goals. The Commercial Banking segment offers commercial, residential and consumer lending activities. This segment also offers customary banking products and services, merchant credit card services, cash management activities and operation of internet banking services, automated teller machines (ATMs) and telephone banking. The services offered by their Wealth Management Services include, personal trust services, financial planning and investment management.

Washington Trust operates 14 banking branches across the state of Rhode Island and 1 in Mystic, Connecticut. Additionally, they also operate 6 mortgage offices, 2 commercial lending offices and 4 wealth management offices. The headquarters of the company is located in Block Island, Rhode Island. Washington Trust Bancorp continues to publicly trade its common shares on the NASDAQ and uses the ticker symbol WASH. The business is registered as one of the components of the Wilshire 5000 Index.