Monday, January 18, 2021


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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.

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...
EDWARD O. Handy III is the chairman and CEO of Westerly-based Washington Trust Bancorp Inc., the second largest Rhode Island-based bank. / PBN FILE PHOTO/MICHAEL SALERNO

Washington Trust reports $16M Q1 profit

WESTERLY – Washington Trust Bancorp Inc. on Friday reported record-breaking quarterly profit, which grew 37.6 percent to $16.2 million, or 93 cents per diluted...
DRAMATIC CHANGE: Johnson & Wales CEO John J. Bowen says the most dramatic change in his 44 years at JWU is its ability to graduate students with a manageable debt, growing its discount rate for first-time, full-time students from 20.7 percent in 2003-2004 to 54 percent today.  / PBN PHOTO/RUPERT WHITELEY

Retiring CEO John Bowen has helped JWU expand and prosper. What...

For 44 years, John J. Bowen has been a fixture in the Johnson & Wales University community. In January, the chancellor, president and CEO...
THE WASHINGTON TRUST CO. recently provided $19.6 million in financing for a 134-unit apartment complex on Kettle Point Avenue in East Providence.

Washington Trust provides $19M for East Providence apartments

EAST PROVIDNECE – The Washington Trust Co. recently provided $19.6 million in financing for a 134-unit apartment complex in East Providence. The deal was made...

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