WESTERLY – Washington Trust Bancorp Inc., parent company of The Washington Trust Co., is among the banks included in the Sandler O’Neill + Partners “2011 Bank and Thrift Sm-All-Stars” report as one of the top 25 small-cap institutions in the United States.
Four hundred eighty-six publicly traded banks and thrifts with a market cap of less than $2 billion were evaluated to identify the small-cap banks that stand out from the pack.
“The objective of Sandler O’Neill’s 2011 Sm-All Stars is to identify the top performing small-cap banks and thrifts in the nation,” stated Mark Fitzgibbon, Principal and Director of Research for Sandler O’Neill + Partners. “We believe that Washington Trust’s selection as one of 25 banks demonstrates the company’s outstanding record of achievement with respect to asset quality, capital adequacy and profitability.”
“Washington Trust is a quality organization with a strong track record and we are proud to be recognized by Sandler O’Neill for our performance,” said Joseph J. MarcAurele, Washington Trust Chairman, President and CEO. “The fact that we were recognized for our continued growth, profitability and asset quality during challenging economic times is a testament to Washington Trust’s strength and stability.”
Washington Trust also was recently ranked No. 40 on Bank Director magazine’s annual Bank Performance Scorecard list of the top 150 publicly-listed banks in America.
Washington Trust Bancorp, Inc. was the only Rhode Island financial institution recognized in these two reports.
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