Banking
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Despite 1Q CDO write-off, WashTrust shows strength
After several years of momentum with increased earnings and expansion, Westerly-based Washington Trust Bancorp Inc. hit a $2.8 million pothole in the first quarter of 2013, but helped balance that dip with solid growth in commercial loans and strong mortgage production in a three-state region. more

By Rhonda Miller
PBN Staff Writer | 4/29/13

Citizens Bank awards grant to youth-refugee program
Washington Trust has provided financing for office space in Lincoln to real estate firm F.H. French Co. affiliates, according to a press release. more
By Eli Okun
PBN Staff Writer | 6/11/13
Uncertain economy raises stakes for wealth management
Mark Gim was appointed The Washington Trust Co.’s executive vice president for wealth management in May. The post is in addition to his existing position as treasurer for both The Washington Trust Co. and its publicly owned holding company, Washington Trust Bancorp Inc. more

By Rhonda J.Miller
PBN Staff Writer | 6/17/13

Bank windows open wider for home loans
Using your home as an ATM no longer is a financial option, but the tools that allowed owners to pull out massive amounts of money during the boom years – equity credit lines and second mortgages – are making a comeback. more
4/29/13
Spectra gets patent approved
Spectra Systems Corp. has received a notice of allowance, or approval, from the U.S. Patent and Trademark Office for its patent entitled “Currency Fitness and Wear Detection Using Temperature Modulated Infrared Detection.” more
Customers Bancorp’s Sidhu rings bell
Customers Bancorp Inc. Chairman and CEO Jay Sidhu rang the opening bell at the NASDAQ MarketSite in Times Square on May 30 to mark the company’s turnaround and period of growth. more
Website: Credit card holders paying on time
More credit card holders are paying their bill on time, as shown by the lowest credit card delinquency rate in 18 years, according to the website lowcards.com. more
BCSB opens branches, gives to YMCA
Bristol County Savings Bank cut the ribbon at new branches in Massachusetts on April 17, with its first full-service banking office in Fall River and its second and third branches in New Bedford. more
Wash. Trust, R.I. housing host seminar
Washington Trust and Rhode Island Housing will host free reverse mortgage seminars May 21-23 at three of the bank’s locations, according to a press release. more
SBANE sponsoring retirement seminar
A seminar on Retirement Plan Fiduciary Best Practices will be held June 12 as part of the Rhode Island Breakfast Series sponsored by the Smaller Business Association of New England. more
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