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Washington Trust gears up to celebrate 225th anniversary this summer

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...

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

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

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...

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...

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

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%

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...

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...
WASHINGTON TRUST Bancorp Inc., the parent company for The Washington Trust Co., says its net income for 2023 was $48.2 million compared with $71.7 million it posted in 2022. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust’s year-end profit declines 32.8% to $48.2M

WESTERLY – The Washington Trust Bancorp Inc. on Wednesday posted a profit of $48.2 million for 2023, down 32.8% from the $71.7 million it...
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