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BUILDERS STARTED on the most single-family homes in January in more than four years.  / BLOOMBERG FILE PHOTO/DANIEL ACKER

Washington Trust sees decline in new residential mortgage business

WESTERLY – Decreases in regional banking leader Washington Trust’s residential mortgage totals in the last quarter reflect the rise in interest rates this year...
CASH BONUS: The Washington Trust Co. said it was able to provide employees with one-time cash bonuses in January as a result of a reduction in its corporate taxes. Patricia Fernandez, left, professional flex banker at Washington Trust on Waterman Street in Providence, speaks with customer Nina Pratt of Providence.

Banks say tax reform allowed for increased spending on staff, infrastructure

Many banks in Rhode Island and elsewhere have showered employees with pay raises and bonuses since President Donald Trump and fellow Republicans in Congress...
WASHINGTON TRUST ranked No. 32 among mid-tier banks for earnings performance, according to the latest annual ranking by American Banker magazine. Above, Mark Gim, the bank’s president and chief operating officer. / PBN FILE PHOTO/MICHAEL SALERNO

Washington Trust named among top-performing banks

WESTERLY - The Washington Trust Co. ranked among the nation’s top 50 mid-sized banks, based on a three-year rolling average of earnings performance, according...
PERSONAL RELATIONSHIP: Mark K. W. Gim, president and chief operating officer at Washington Trust Bancorp Inc., parent of Westerly based The Washington Trust Co., says local banks need to be vigilant to ensure smooth technology adoption while also maintaining the personal relationships banks have built their brand on.

Balancing demand for touch and tech

With an evolving mixture of millennials and older customers, local banks and credit unions increasingly face a dilemma when it comes to rapidly evolving...
ADAPTING INDUSTRY: As consumer expectations for online banking grow with advancing technology, banks and credit unions must find ways to adapt to those expectations while keeping costs down.

As technology becomes increasingly intertwined with banking, it presents opportunity and...

When Lisa G. Dandeneau first joined Navigant Credit Union more than 22 years ago, one of her first tasks was to help launch online...
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

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

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...
WASHINGTON TRUST APPOINTED TWO new executive officers on Monday, Mark K.W. Gim, left, and Ronald S. Ohsberg, right. /COURTESY WASHINGTON TRUST

Washington Trust makes two executive appointments

Updated at 4:00 p.m.WESTERLY - The Washington Trust Co. parent Washington Trust Bancorp Inc. announced Monday that is has made two executive appointments. Mark...
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