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Washington Trust collects 11 tons of peanut butter for local food...

WESTERLY – The Washington Trust Co. collected 22,000 pounds – roughly 11 tons – of peanut butter to donate to the Rhode Island Community...
RETAIL TEAM: Amy ­Arruda, senior vice president of retail banking at Washington Trust, right, with Melanie Connelly, vice president of retail banking, at the bank’s Westerly headquarters. / PBN PHOTO/ELIZABETH GRAHAM

Deferred loans, waived fees part of pandemic response for banks

The consumer messaging of banks and credit unions through the COVID-19 pandemic has been consistent: we’re here for you. When it comes to bank fees...

PBN announces 2020 40 Under Forty winners

PROVIDENCE – Forty young professionals have been chosen as the winners of Providence Business News’ 16th annual 40 Under Forty program, and will be...

R.I. financial leaders say details needed on new PPP terms

PROVIDENCE – The newly inked Paycheck Protection Program Flexibility Act offers what many consider much-needed leeway for struggling small businesses. But local financial advisers and...

Five Questions With: Sandra Parrillo

Sandra Parrillo is CEO and president of The Providence Mutual Fire Co., and was recently elected to The Washington Trust Co. board of directors....

Local lenders report slowdown in PPP applications but increased anxiety over...

PROVIDENCE – The flood of applications from small businesses desperate for payroll relief has slowed to a trickle, local lenders say. But while demand for...

Five Questions With: Michael Clarkin

Michael Clarkin serves as senior vice president and corporate sales manager for The Washington Trust Co., where he has worked since 2010. He previously...

WashTrust CEO: Diversified income sources help bank withstand pandemic impact

WESTERLY – The first-quarter earnings report released by Washington Trust Bancorp Inc. on April 27 indicates The Washington Trust Co. is better positioned than...
THE WASHINGTON TRUST CO. posted an $11.9 million profit in the first quarter of 2020, a 32% decline from one year prior. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust posts $11.9M Q1 profit, 32% drop from last year

WESTERLY – Washington Trust Bancorp. Inc., the parent company for Westerly-based The Washington Trust Co., saw a 32% drop in profit compared to the...

Local lenders welcome flexibility to work with borrowers under stimulus package

PROVIDENCE – Paycheck relief loans are the topic du jour when it comes to the federal stimulus package and lenders, but that’s not the...
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