Tag: The Washington Trust Co.
Magaziner highlights BankLOCAL success
PROVIDENCE – Rhode Island’s BankLOCAL program has offered 348 small-business loans and moved $37.5 million in cash deposits to state banks and credit unions...
PBN summit: High business costs, education are concerns in R.I.
The Rhode Island economy has come a long way since the dark days of the Great Recession, when the unemployment rate was among the...
PBN economic summit keynote: Recession not in the forecast
WARWICK – “There is no reason to suspect there will be a recession in the U.S. anytime soon,” said Thomas Tzitzouris, a Rhode Island...
Higher conforming loan limits will have varied impact on R.I. housing...
Rhode Island homebuyers are already taking advantage of increased limits on mortgages insured by the Federal Housing Administration and those acquired by Fannie Mae...
Despite low interest rates, WashTrust officials confident for 2020
WESTERLY – Despite the challenge posed by low interest rates, The Washington Trust Co. leaders are optimistic for 2020.
The bank posted a $69 million...
Banks expected to continue feeling squeeze in lending margins
For Marc Perlman, principal owner and CEO of Ocean State Job Lot, the Federal Reserve’s outlook for 2020 is the best business fortune he...
Washington Trust announces stock buyback program
WESTERLY – Washington Trust Bancorp Inc. is seeking to repurchase up to 850,000 shares, or 5%, of the company’s outstanding common stock over the...
FDIC: 16 banks within R.I., Bristol County, Mass., report profit increases...
PROVIDENCE – Sixteen banks that operate in Rhode Island and Bristol County, Mass., reported increases in third quarter year-to-date profit from 2018, while seven...
Washington Trust ramps up dividends
WESTERLY – The board of directors of Washington Trust Bancorp Inc., parent of The Washington Trust Co., recently declared a dividend of 51 cents...
Report: BofA drops to No. 2 in R.I. market share after...
PROVIDENCE – While other banks’ in-state deposits have remained relatively stable, Bank of America Corp.’s total Rhode Island deposits dropped by $5.4 billion as...
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