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BUCKING THE TREND: Brian A. Azar, senior vice president and chief lending officer at Navigant Credit Union, speaks with Deborah Drechnowicz, center, mortgage underwriting supervisor, and Lisa Grimo, mortgage loan underwriter. Unlike most banks, which saw their mortgage loan volume go down, Navigant reported an 8 percent increase from 2017 to 2018.
 / PBN PHOTO/MICHAEL SALERNO

Mortgage rates increase, loan volume drops during tumultuous 2018

After a tumultuous stock market performance in 2018 – especially during the last month of the year amid holiday celebrations – many banks’ mortgage...

Commercial-lending gains power WashTrust earnings

WESTERLY – Washington Trust Bancorp Inc., parent of The Washington Trust Co., rode double-digit increases in its commercial lending lines of business to record...

Washington Trust reports record earnings in 2018

WESTERLY – Washington Trust Bancorp Inc., parent of The Washington Trust Co., reported Monday a year-over-year 49 percent increase in earnings in 2018, as...

Five Questions With: Joseph Confessore

Joseph Confessore is leading The Washington Trust Co.’s new Private Clients Group, designed to provide a spectrum of banking and investment services for business...

Washington Trust launches new private client group

WESTERLY – The Washington Trust Co. has launched a new private client group designed to provide “personalized financial solutions” for business owners, executives and...

Washington Trust, BankNewport appoint new branch managers

PROVIDENCE – The Washington Trust Co. has appointed Marcus Charlemagne as assistant vice president and branch manager for the new Washington Trust branch set...
BANK OF AMERICA reported a net income of $7.2 billion in the third quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

Bank of America’s deposits surge in R.I. on mobile banking

Going by the numbers, Bank of America had a banner year in Rhode Island. Its deposits within the state skyrocketed to $12.4 billion as...

WashTrust $17.5M profit in Q3 driven by growing commercial loans

WESTERLY – Regional banking leader Washington Trust Bancorp Inc., parent of The Washington Trust Co., posted a $17.5 million profit in the third quarter,...
BUILDERS STARTED on the most single-family homes in January in more than four years.  / BLOOMBERG FILE PHOTO/DANIEL ACKER

Washington Trust sees decline in new residential mortgage business

WESTERLY – Decreases in regional banking leader Washington Trust’s residential mortgage totals in the last quarter reflect the rise in interest rates this year...

WashTrust posts $17.5M Q3 profit

WESTERLY – Washington Trust Bancorp Inc. on Monday reported a 35.1 percent year-over-year increase in profit in the third quarter to $17.5 million, or...
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