Friday, January 28, 2022


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The Washington Trust Co.

WASHINGTON TRUST BANCORP INC. posted an $76.9 million profit for 2021, including record in-market deposits, wealth management income and residential mortgage loan originations. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust reports $77M 2021 earnings and record in-market deposits

WESTERLY – New residential mortgage loans, wealth management services and deposit account growth helped Washington Trust Bancorp Inc. post $76.9 million in net income...

Washington Trust finances mixed-use redevelopment project in Mass.

WESTERLY – The Washington Trust Co.’s Commercial Real Estate Group recently helped to finance a Massachusetts mixed-use redevelopment project, according to a news release. The...
STILL BUSY: Sally Lapides, CEO and president of Residential Properties Ltd., says she believes demand for new homes will remain strong in 2022. / PBN PHOTO/MICHAEL SALERNO

Housing market forecast: ‘From ridiculous to hot’

Prospective homebuyers shouldn’t expect substantial relief on the horizon when it comes to house prices. Following a record-breaking year for the residential real estate market...

Washington Trust rebrands wealth management with single name, new website

WESTERLY – The Washington Trust Co.’s wealth management division is getting a rebrand, the company announced in November. As of Nov. 15, the wealth management...
IN THE CARDS: Navigant Credit Union offers “instant issue” banking cards to members at its branches, but Timothy J. Draper, senior vice president of marketing, says Navigant and other financial institutions have seen shipments of new cards from vendors slow because of a chip shortage. / PBN PHOTO/MICHAEL SALERNO

Financial institutions brace for chip shortage

Fewer choices at car dealerships and barren Best Buy shelves are the most obvious signs of the global semiconductor chip shortage – new motor...

Where’s Rhode Island’s economy heading?

Bringing Rhode Island’s economy back to pre-COVID-19 levels will take an ongoing commitment into the new year from business, government and community leaders to...

Washington Trust donates $21K to local hunger-relief agencies

WESTERLY – The Washington Trust Co. recently donated $21,000 to 21 food banks or other hunger-relief agencies throughout Rhode Island, Massachusetts and Connecticut, according...
Edward O. Handy III

Edward O. Handy III

Edward O. “Ned” Handy III grew up in Providence with parents who instilled in him the idea that it’s a natural thing to give...
SITE VISIT: Mark K. W. Gim, president and chief operating officer of Westerly-based Washington Trust Bancorp., demonstrates the bank’s website technology on his iPad in 2018. But the regional bank didn’t abandon its brick-and-mortar strategy, opening several new branches in recent years. / PBN FILE PHOTO/MICHAEL SALERNO

Mobile banking making leaps ahead

FINANCIAL SERVICES Perhaps nothing has transformed banking more than technology. Online and mobile banking are certainly not new. Websites, for example, first came on the scene...

Washington Trust announces 5% stock buyback plan

WESTERLY – Washington Trust Bancorp Inc. is buying back up to 5% shares under a stock repurchase program adopted by the corporation’s board of...

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