Washington Trust Bancorp Inc. - Providence Business News

Washington Trust gears up to celebrate 225th anniversary this summer

Financial Services 06/06/2025

WESTERLY – Founded in Rhode Island and recognized as the nation’s oldest community bank, The Washington Trust Co. is celebrating its 225th birthday this...

Washington Trust earns $7M in leasebacks for 5 branch locations in...

Economic Activity 04/22/2025

WESTERLY – Washington Trust Bancorp Inc., the parent company of The Washington Trust Co., earned $7 million after completing sales leaseback transactions on five...

THE WASHINGTON TRUST Bancorp Inc. reported a profit of $12.2 million for the first quarter of 2025, an increase of 11% from the $10.9 million posted in the same period a year ago. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust reports profit up 11% to $12.2M in Q1

Economic Activity 04/21/2025

WESTERLY – Washington Trust Bancorp Inc. on Monday reported a profit of $12.2 million for the first quarter, an increase of 11% from the...

THE WASHINGTON TRUST Bancorp Inc. has reported a loss of $28.1 million for 2024, down 41.7% from the $48.2 million profit it reported the year prior because it repositioned in balance sheet in December. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust reports $28.1M loss in 2024 because of ‘repositioning’ strategy

Economic Activity 01/30/2025

WESTERLY – Washington Trust Bancorp Inc. has posted a loss of $28.1 million for 2024 after the bank "repositioned" its balance sheet in December...

WASHINGTON TRUST BANCORP INC. says it will take a one-time $70 million loss in order to shed its balance sheet of low-yielding assets and to boost its earnings in the coming year and beyond. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust sells assets at a $70M loss to improve earnings...

Economy 12/23/2024

WESTERLY – Washington Trust Bancorp Inc. says it is "repositioning" its balance sheet in a strategy that has the company selling off low-yielding assets...

THE WASHINGTON TRUST Bancorp Inc. reports a third-quarter profit of $11.0 million, down 1.4% from $11.16 million it reported in the same period a year ago. / PBN FILE PHOTO/ SCOTT KINGSLEY

Washington Trust reports slightly lower profit for Q3 on higher interest...

Economic Activity 10/22/2024

WESTERLY – Washington Trust Bancorp Inc. on Tuesday posted a third-quarter profit of $11 million, down 1.4% from $11.16 million a year ago, as...

Washington Trust discloses $2.1M income from lawsuit against 4 former advisers

Editor's Choice 05/02/2024

WESTERLY – Washington Trust Bancorp Inc. has been paid $2.1 million to settle its federal lawsuit against four wealth advisers who quit in September...

WASHINGTON TRUST BANCORP Inc., the parent company of Washington Trust Co., reports a net income of $10.9 million in the first quarter of 2024, down 14.8% from the same period a year ago. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust reports $10.9M profit in Q1, down 14.8%

Economic Activity 04/22/2024

WESTERLY – Washington Trust Bancorp Inc., the parent company of The Washington Trust Co., on Monday reported a net income of $10.9 million in...

Former Providence mayor is one of two named to Washington Trust...

Financial Services 02/16/2024

WESTERLY – Former Providence Mayor Angel Taveras will join Washington Trust Bancorp Inc.'s board of directors starting March 1. The parent company of The Washington...