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GENERAL TREASURER Seth Magaziner, left, celebrates moving $15 million in state deposits to local banks and credit unions at Budare Grille in Central Falls in August./ COURTESY R.I OFFICE OF THE GENERAL TREASURER

Rhode Island moves $15M in deposits to local banks, credit unions

PROVIDENCE –  The state has moved $15 million in deposits to local banks and credit unions as part of an initiative to spur small-business...
WASHINGTON TRUST provided $1.9 million to finance the construction of a new Family Dollar retail store in Providence.

Washington Trust provides $1.9M for new Family Dollar in Providence

PROVIDENCE – The Washington Trust Co. last week announced it recently provided $1.9 million to finance the construction of a new Family Dollar retail...
THE WASHINGTON TRUST CO. recently provided $14 million to finance the redevelopment of a 101,000-square-foot retail center in Bensalem, Pa., a suburb of Philadelphia.

Washington Trust provides $14M to finance redevelopment of Pennsylvania retail center

BENSALEM, Pa. –  The Washington Trust Co. recently provided $14 million to finance the redevelopment of a retail center in Pennsylvania.The deal was made...
JOSEPH J. MARCAURELE IS chairman and CEO of Washington Trust Bancorp Inc., parent of The Washington Trust Co. in Westerly, which recently reported record-breaking second-quarter profit of $13.2 million. /COURTESY WASHINGTON TRUST BANCORP

Five Questions With: Joseph J. MarcAurele

Joseph J. MarcAurele is chairman and CEO of Washington Trust Bancorp Inc., parent of The Washington Trust Co. in Westerly.The company last week reported...
WASHINGTON TRUST BANCORP on Tuesday reported record earnings for 2015 of $43.5 million, thanks in part to the acquisition of Connecticut-based investment advisory firm Halsey Associates.

Washington Trust reports $13.2M in profit in 2Q, a quarterly record

WESTERLY – Washington Trust Bancorp Inc. on Monday reported record-breaking profit of $13.2 million, or 76 cents per diluted share, in the second quarter,...
A CLEAN COMMUNITY: Washington Trust Co. employees participate every year in the International Coastal Cleanup; this group took part in September 2016 / COURTESY THE WASHINGTON TRUST CO.

Enterprise, 3, The Washington Trust Co.

Employees in R.I.: 510 Chairman and CEO Joseph J. MarcAurele Questions answered by: Joseph J. MarcAureleWhat employee benefit is the most popular among staff members? As...
WASHINGTON TRUST APPOINTED TWO new executive officers on Monday, Mark K.W. Gim, left, and Ronald S. Ohsberg, right. /COURTESY WASHINGTON TRUST

Washington Trust makes two executive appointments

Updated at 4:00 p.m.WESTERLY - The Washington Trust Co. parent Washington Trust Bancorp Inc. announced Monday that is has made two executive appointments. Mark...
WASHINGTON TRUST Bancorp Inc. is the parent company of The Washington Trust Co. based in Westerly. /COURTESY GREATER CITY PROVIDENCE/JEF NICKERSON

Washington Trust provides $6.8M to finance Essex Stations Apartments

ESSEX, Conn. – The Washington Trust Co.’s real estate division recently provided $6.8 million to finance a 52-unit rental community in Essex, Conn.The Westerly-based...
WASHINGTON TRUST CHAIRMAN and CEO Joseph MarcAurele, left. and President and COO Edward Handy, right, stand in front of the site of the Station Memorial Park in West Warwick, RI in March 2017. The completed park is due to open at a dedication ceremony on Sunday, May 21st. /COURTESY WASHINGTON TRUST

Washington Trust donates $50K to Station Fire Memorial Foundation

WARWICK - The Washington Trust Co. donated $50,000 to the Station Fire Memorial Foundation, the bank announced Wednesday morning.The foundation has been raising funds...
FINANCIAL ASSISTANCE: Roxana Mercado, right, financial-coaching fellow at Capital Good Fund in Providence, meets with her client, Gloria Orjuela of Providence. / PBN PHOTO/
MICHAEL SALERNO

R.I. has the highest percentage of poor people in New England....

Gloria Orjuela, a 53-year-old Providence resident, is disabled and living on supplemental-security income.Originally from Colombia, Orjuela has lived in the United States for 27...
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