Monday, January 18, 2021

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STILL GOING STRONG: John Bellone, owner of The Breezeway Resort, The Hotel Maria, pictured, and Maria’s Seaside Cafe in Westerly, says in his 50 years as a customer of The Washington Trust Co., he’s never deferred a loan payment and has continued to meet monthly payments for the mortgages on his commercial properties throughout the pandemic, thanks to a strong business in a limited season. / PBN PHOTO/MICHAEL SALERNO

Banks on higher alert for credit weakness

In his 50 years as a customer of The Washington Trust Co., John Bellone has never deferred a loan payment. Not through the 2008...

Washington Trust named to American Banker’s ‘Best Banks to Work for’...

WESTERLY – The Washington Trust Co. was recently recognized by industry publication American Banker on its “Best Banks to Work for 2020” list. Washington Trust...

Washington Trust grants $10,000 to Nonviolence Institute

WESTERLY – The Washington Trust Co. Charitable Foundation recently awarded a $10,000 grant to the Nonviolence Institute, according to a news release. The grant will...

Caution in PPP loan spending bolsters Washington Trust Q3 deposits

WESTERLY – The Washington Trust Co. continues to see deposits increase, in part due to federal forgivable payroll loans that some recipients still haven’t...

Washington Trust reports $18M Q3 profit

WESTERLY – Washington Trust Bancorp Inc. reported an $18.3 million profit for the third quarter, propelled by new records within mortgage banking activity, the...

Fed’s loan program missing mark

Across Rhode Island and the country, the Federal Reserve’s Main Street Lending Program has not lived up to its potential. The program sought to help...
WALKING STRONG: The Washington Trust Co. employees walked in a recent American Cancer Society Relay For Life event in Westerly, and collectively raised more than $6,000. / COURTESY THE WASHINGTON TRUST CO.

The Washington Trust Co.

PBN Best Places to Work 2020 ENTERPRISE COMPANIES 3. The Washington Trust Co. Employees in R.I.: 518 Chairman and CEO Edward O. Handy III Questions answered by: Edward...

FDIC: R.I. bank deposits up 20% year over year

PROVIDENCE - Citizens Bank continues to dominate the Rhode Island market for bank deposits, capturing more than half of the $6.26 billion increase in...

Grants from LCR, Tufts, Washington Trust to support hard-hit small businesses...

GRANTING AID: Lawyers for Civil Rights, Tufts Health Plan and The Washington Trust Co. have collaborated to provide $1,000 grants to minority- and women-owned...

Washington Trust finances $21M Connecticut redevelopment project

PROVIDENCE – The Washington Trust Co.’s Commercial Real Estate Group recently provided $21 million in financing for a commercial redevelopment project in Waterford, Conn.,...

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