Despite low interest rates, WashTrust officials confident for 2020

By
-

WESTERLY – Despite the challenge posed by low interest rates, The Washington Trust Co. leaders are optimistic for 2020. The bank posted a $69 million profit in 2019, up 1% from 2018, according to earnings released on Jan. 27. The increase comes despite a 24-basis-point drop in the bank’s net interest margin after Federal Reserve

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber
  • Critical RI business news and analysis updated daily.
  • 1 year of print (26 issues).
  • Unlimited access to all subscriber only content on our website, on any device.
  • Free email alerts.
  • Annual Book of Lists Print Edition.
  • All special issues produced during subscription term.

Click Here to purchase a paywall bypass link for this article

RELATED ARTICLESMORE FROM AUTHOR

No posts to display