Joseph J. MarcAurele - Providence Business News

WashTrust pledges $200K in support of San Miguel School capital campaign

Education 08/21/2023

WESTERLY – The Washington Trust Charitable Foundation has pledged $200,000 toward a capital campaign for the San Miguel School in Providence, The Washington Trust...

Tax reform boosts profits in banking industry

Financial Services 12/28/2018

You might say 2018 was the year of Trump in banking. It’s debatable whether President Donald Trump is accomplishing his campaign promise to make...

EDWARD O. Handy III is the chairman and CEO of Westerly-based Washington Trust Bancorp Inc., the second largest Rhode Island-based bank. / PBN FILE PHOTO/MICHAEL SALERNO

Washington Trust reports $16M Q1 profit

Economy 04/20/2018

WESTERLY – Washington Trust Bancorp Inc. on Friday reported record-breaking quarterly profit, which grew 37.6 percent to $16.2 million, or 93 cents per diluted...

EDWARD O. HANDY III, right, recently assumed the position of chairman and CEO of Washington Trust Bancorp Inc., the Westerly-based parent of The Washington Trust Co. Handy previously served as the bank's president and chief operating officer. Mark K. W. Gim, left, will take over that role. Gim previously served as the bank's senior executive vice president of wealth management and chief strategy officer. / COURTESY WASHINGTON TRUST

Washington Trust makes leadership change official

Financial Services 03/13/2018

WESTERLY – The planned leadership change at Washington Trust Bancorp Inc. became official last week. Edward O. Handy III assumed the position of chairman and...

IN HIS FINAL YEAR-END earnings filing, Joseph J. MarcAurele, chairman and CEO of The Washington Trust Co., reported that the Westerly-based bank had strong full-year operating results, even though the new federal tax law resulted in a one-time charge of $6.2 million. / PBN FILE PHOTO/MICHAEL SALERNO

Washington Trust reports 2017, 4Q profit declines after new tax law

Financial Services 01/30/2018

WESTERLY – Hit with a $6.2 million one-time charge on deferred tax assets, Washington Trust Bancorp Inc. on Tuesday reported 2017 profit fell 1.2...

JOSEPH J. MARCAURELE, chairman and CEO of Washington Trust Bancorp Inc., parent of The Washington Trust Co., says the Tax Cuts and Jobs Act has allowed the bank to award each of its full-time employees with a one-time cash bonus of $1,000; part-time employees each received a $500 cash bonus; and about 40 percent of employees received a $1 per hour increase in pay. / COURTESY WASHINGTON TRUST BANCORP INC.

Citing new tax law, Washington Trust gives bonuses, pay increases

Financial Services 01/23/2018

WESTERLY – Washington Trust Bancorp Inc. is the latest Rhode Island financial institution to share some of the new tax-law benefits. The company last week...

JOSEPH J. MARCAURELE, chairman and CEO of Washington Trust Bancorp Inc., the Westerly-based parent of The Washington Trust Co., will retire this winter. He will be succeeded by president and chief operating officer Edward O. "Ned" Handy III. / COURTESY WASHINGTON TRUST BANCORP

Washington Trust announces senior management promotions

Financial Services 10/31/2017

WESTERLY – Following major news that its CEO and chief financial officer would retire this winter, Washington Trust Bancorp Inc. has announced several senior-management...

JOSEPH J. MARCAURELE IS chairman and CEO of Washington Trust Bancorp Inc., parent of The Washington Trust Co. in Westerly, which reported third-quarter profit of $13 million on Monday. / COURTESY WASHINGTON TRUST BANCORP

Washington Trust 3Q profit rises 5% to $13M

Financial Services 10/23/2017

WESTERLY – Washington Trust Bancorp Inc., the parent company of The Washington Trust Co., reported third-quarter net income of $13 million Monday, a 5.2...

TRENDING UPWARD: Washington Trust Co. Chairman and CEO Joseph J. MarcAurele, left, was succeeded by former Chief Operating Officer and President Edward "Ned" O. Handy III. MarcAurele led the bank to multiple years of year-over-year profitability growth since becoming CEO in 2010. / COURTESY WASHINGTON TRUST

Washington Trust CEO, CFO to retire

Financial Services 09/26/2017

WESTERLY – There’s a changing of the guard planned this winter for Washington Trust Bancorp Inc., as long-time Chairman and CEO Joseph J. MarcAurele...

JOSEPH J. MARCAURELE IS chairman and CEO of Washington Trust Bancorp Inc., parent of The Washington Trust Co. in Westerly, which recently reported record-breaking second-quarter profit of $13.2 million. /COURTESY WASHINGTON TRUST BANCORP

Five Questions With: Joseph J. MarcAurele

Financial Services 08/01/2017

Joseph J. MarcAurele is chairman and CEO of Washington Trust Bancorp Inc., parent of The Washington Trust Co. in Westerly. The company last week reported...

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