Washington Trust Bancorp Inc. - Page 6 of 7

EDWARD O. HANDY III, right, recently assumed the position of chairman and CEO of Washington Trust Bancorp Inc., the Westerly-based parent of The Washington Trust Co. Handy previously served as the bank's president and chief operating officer. Mark K. W. Gim, left, will take over that role. Gim previously served as the bank's senior executive vice president of wealth management and chief strategy officer. / COURTESY WASHINGTON TRUST

Washington Trust makes leadership change official

Financial Services 03/13/2018

WESTERLY – The planned leadership change at Washington Trust Bancorp Inc. became official last week. Edward O. Handy III assumed the position of chairman and...

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

Banks are optimistic tax reform will benefit the bottom line long-term

Financial Services 03/02/2018

The Rhode Island banking community has largely celebrated the sweeping tax overhaul approved by Congress that among other things lowered the corporate tax rate...

Washington Trust provides $7.4M for Connecticut retail center

Financial Services 02/27/2018

WESTERLY – The Washington Trust Co. recently provided $7.4 million to finance a mixed-use property in Rocky Hill, Conn. The deal was made with Woodgreen...

BOSTON-BASED BROOKLINE BANCORP, parent of Bank Rhode Island, reported fourth-quarter and full-year earnings that were negatively impacted by the federal tax overhaul.

Brookline Bancorp 2017, 4Q profit fall after new tax law

Financial Services 02/01/2018

BOSTON – Brookline Bancorp Inc. suffered a $9 million noncash charge on deferred tax assets stemming from the federal tax overhaul, depressing both full-year...

IN HIS FINAL YEAR-END earnings filing, Joseph J. MarcAurele, chairman and CEO of The Washington Trust Co., reported that the Westerly-based bank had strong full-year operating results, even though the new federal tax law resulted in a one-time charge of $6.2 million. / PBN FILE PHOTO/MICHAEL SALERNO

Washington Trust reports 2017, 4Q profit declines after new tax law

Financial Services 01/30/2018

WESTERLY – Hit with a $6.2 million one-time charge on deferred tax assets, Washington Trust Bancorp Inc. on Tuesday reported 2017 profit fell 1.2...

JOSEPH J. MARCAURELE, chairman and CEO of Washington Trust Bancorp Inc., parent of The Washington Trust Co., says the Tax Cuts and Jobs Act has allowed the bank to award each of its full-time employees with a one-time cash bonus of $1,000; part-time employees each received a $500 cash bonus; and about 40 percent of employees received a $1 per hour increase in pay. / COURTESY WASHINGTON TRUST BANCORP INC.

Citing new tax law, Washington Trust gives bonuses, pay increases

Financial Services 01/23/2018

WESTERLY – Washington Trust Bancorp Inc. is the latest Rhode Island financial institution to share some of the new tax-law benefits. The company last week...

Washington Trust provides $16.5M for Connecticut apartment building

Financial Services 01/02/2018

WESTERLY – The Washington Trust Co. recently provided $16.5 million to refinance a multifamily apartment building in Norwalk, Conn. The financing deal was made with...

Washington Trust provides $9.8M for Connecticut development

Financial Services 12/12/2017

WESTERLY – The Washington Trust Co. recently provided $9.8 million to finance a new commercial project in downtown New Haven, Conn. The Westerly-based bank refinanced...

RONALD S. OHSBERG, senior executive president and treasurer of Washington Trust Bancorp Inc.,is transitioning into the new role of chief financial officer. / COURTESY WASHINGTON TRUST

Five Questions With: Ronald S. Ohsberg

Financial Services 12/05/2017

Ronald S. Ohsberg is senior executive president and treasurer of Washington Trust Bancorp Inc. Ohsberg is currently transitioning into the new role of chief...