Luring business away from larger banks, maintaining diversified earnings streams and expanding into mortgage markets outside Rhode Island led Washington Trust Bancorp Inc., parent of The Washington Trust Co., to post a record profit of $36.2 million for 2013, an increase of 3.1 percent compared with $35.1 million of net income for 2012.
Steve Issa has been mining the commercial-banking territory as executive vice president and New England market president for Customers Bank since last March. It’s a deeply familiar landscape. He had a similar position with Flagstar Bank when its New England commercial portfolio, along with its 14-member team, was acquired by Customers Bank. Issa is part of a former Sovereign Bank team largely reassembled at Wyomissing, Pa.-based Customers Bank by CEO Jay Sidhu. more
Kenneth B. Martin joined Santander Bank N.A. as director of commercial markets, the bank announced Thursday. Martin will oversee Santander’s New England commercial business relationships with revenues up to $500 million.
Santander Bank N.A. introduced its first credit card in the U.S., the Santander Bravo Master Card, on Feb. 5, the bank announced. It is the first card introduced since the rebranding of Sovereign Bank to Santander in October.
The Pawtucket Foundation has entered into a co-sponsorship agreement with the U.S. Small Business Administration’s Rhode Island District Office, the Northern Rhode Island Chamber of Commerce, TD Bank, SCORE and the Center for Women & Enterprise to encourage and support local businesses.
FM Global named Randy Schreitmueller to the position of manager of broker relations with responsibility for “championing the voice of the broker” and maximizing the development of long-term broker relationships worldwide. That gives him the opportunity to continue to build on the foundation of FM Global’s engineering-driven underwriting and risk-management services and property-loss- prevention research. more
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.