Home Economy Economic Activity Washington Trust earns $7M in leasebacks for 5 branch locations in Q1

Washington Trust earns $7M in leasebacks for 5 branch locations in Q1

EDWARD O. HANDY III, left, is the chairman and CEO of The Washington Trust Co. Ronald S. Ohsberg is senior executive vice president, chief financial officer and treasurer of the bank. / COURTESY THE WASHINGTON TRUST CO.

WESTERLY – Washington Trust Bancorp Inc., the parent company of The Washington Trust Co., earned $7 million after completing sales leaseback transactions on five of the bank’s branches in the first quarter of 2025, the company announced Monday. A sales leaseback transaction is when a property owner sells property to a buyer and then rents

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