COVENTRY – The Washington Trust Co. last week celebrated the grand opening of its newest location in Coventry, and made a multimillion-dollar loan for an office complex in Newton, Mass.
The Coventry branch marks the bank’s 22nd location, and is located at 732 Tiogue Ave.
The ribbon-cutting ceremony was attended by Washington Trust bank executives along with state and local officials.
Washington Trust last week separately announced a $22.5 million refinancing deal made with Chapel Business Partners LLC and SDC Watertown Partners LLC for an office and flex portfolio in Newton.
The facility includes a 78,187-square-foot office building, a 32,000-square-foot flex office building and a 11,300-square-foot flex office building.
“We are pleased to have provided financing on these properties, which have benefited greatly since our borrower’s acquisition from both new property enhancements as well as the resurgence and resulting growth of the surrounding area,” said Julia Anne M. Slom, senior vice president and team leader at Washington Trust’s commercial real estate group.
Washington Trust, based in Westerly, is a subsidiary of Washington Trust Bancorp Inc. with $4.5 billion in assets.
