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Washington Trust reports $17.5M Q2 profit

WESTERLY – While the real estate market remains as hot as ever, mortgage profits have diminished for Washington Trust Bancorp Inc., which saw its...

Washington Trust reports $20.5M Q1 profit

WESTERLY – Washington Trust Bancorp Inc. saw its first-quarter earnings rise more than 72% compared to the first quarter of 2020, the company reported...

Washington Trust reports $69.8M 2020 profit, ‘record’ mortgage banking income

WESTERLY – Despite a year of economic volatility in which many financial institutions reported significant profit losses, Washington Trust Bancorp Inc. saw its 2020...

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...

Strong housing market bolsters Washington Trust earnings

WESTERLY – The world might still be turned upside down by COVID-19, but you wouldn’t know it looking at Washington Trust Bancorp Inc.’s latest...

Washington Trust Bancorp posts $21M quarterly profit

WESTERLY – Washington Trust Bancorp. Inc, the parent company for Westerly-based The Washington Trust Co., saw second-quarter earnings increase 21% year over year, including...
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...

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...
PERSONAL RELATIONSHIP: Mark K. W. Gim, president and chief operating officer at Washington Trust Bancorp Inc., parent of Westerly based The Washington Trust Co., says local banks need to be vigilant to ensure smooth technology adoption while also maintaining the personal relationships banks have built their brand on.
 / PBN FILE PHOTO/MICHAEL SALERNO

Balancing demand for touch and tech

With an evolving mixture of millennials and older customers, local banks and credit unions increasingly face a dilemma when it comes to rapidly evolving...

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