Washington Trust Bancorp Company Description
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.
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The Company Description provides a historical perspective of Washington Trust Bancorp's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Washington Trust Bancorp's evolution in the marketplace.
