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Tuesday, September 18, 2018
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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...
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

Banks are optimistic tax reform will benefit the bottom line long-term

The Rhode Island banking community has largely celebrated the sweeping tax overhaul approved by Congress that among other things lowered the corporate tax rate...
THE WASHINGTON TRUST CO. recently provided $7.4 million in a deal with Woodgreen Rocky Hill LLC to refinance Waterchase Center, a mixed-use property in Rocky Hill, Conn.

Washington Trust provides $7.4M for Connecticut retail center

WESTERLY – The Washington Trust Co. recently provided $7.4 million to finance a mixed-use property in Rocky Hill, Conn.The deal was made with Woodgreen...
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

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...
THE WASHINGTON TRUST CO. recently provided $16.5 million to refinance SoNo Pearl, a multifamily apartment building in Norwalk, Conn.

Washington Trust provides $16.5M for Connecticut apartment building

WESTERLY – The Washington Trust Co. recently provided $16.5 million to refinance a multifamily apartment building in Norwalk, Conn.The financing deal was made with...
GARRY FOISY of Trilix authors a new blog series on the company’s site on balancing company operations, employee culture and customer satisfaction. / COURTESY TRILIX/CAT LAINE

Trilix blogs feature leaders, show where operations, culture meet

WARWICK – Information technology consulting and software firm Trilix has started a blog series profiling Rhode Island and Massachusetts business leaders who exhibit workplace...
THE WASHINGTON TRUST CO. recently provided $9.8 million to finance a new commercial project in downtown New Haven, Conn., which includes a recently constructed Rite Aid Pharmacy and a 10,000-square-foot retail building.

Washington Trust provides $9.8M for Connecticut development

WESTERLY – The Washington Trust Co. recently provided $9.8 million to finance a new commercial project in downtown New Haven, Conn.The Westerly-based bank refinanced...
THE WASHINGTON TRUST CO. recently provided $23.6 million to finance the mixed-use redevelopment of Pontiac Mills in Warwick, shown by the rendering above. / COURTESY WASHINGTON TRUST

Washington Trust provides $24M for Pontiac Mills redevelopment

WARWICK – The Washington Trust Co. recently provided $23.6 million to finance the mixed-use redevelopment of Pontiac Mills in Warwick.The Westerly-based bank made the...
EXPANDING: Home Loan Investment Bank recently opened two new lending offices, in Warwick and Providence. Above, foreground, Kevin Roche, vice president, speaks with Tania Krouse, mortgage adviser, while John Casey, background left, mortgage banker, consults with Brian J. Murphy, chairman and CEO. / PBN PHOTO/MICHAEL SALERNO

Small banks, credit unions still finding value in opening new branches

When was the last time you went to the bank?If you can’t remember, you’re not alone. Waiting in line for the bank teller is...
THE RHODE ISLAND Business Group on Health has been recognized by the American Board of Internal Medicine and Consumer Reports magazine for its successful promotion of the Choosing Wisely initiative, which seeks to advance a national dialogue to avoid wasteful medical tests and procedures.

RIBGH recognized in special report on Choosing Wisely campaign

PROVIDENCE – The American Board of Internal Medicine and Consumer Reports magazine have recognized the Rhode Island Business Group on Health for its successful...
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