WESTERLY – A group of employees from Rhode Island-based Washington Trust Bancorp Inc. had their moment in the sun Tuesday, ringing the daily opening bell for the Nasdaq Stock Market in New York.
Led by Washington Trust Chairman and CEO Edward O. Handy III, the contingent of about 50 people included bank executives, senior managers and other employees. Washington Trust used the occasion to celebrate 218 years of being in business, making it the nation’s oldest community bank.
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Washington Trust started trading its stock on Nasdaq in 1984 under the symbol “WASH.”
“Washington Trust has a solid financial foundation and was recently recognized by American Banker and Bank Director as one of the top performing midsize banks in the nation,” Nasdaq Vice President David Wicks said in his opening remarks ahead of the bell ringing.
“These accolades certainly contribute to Washington Trust’s great stock performance over the last 20 years, with shares being up 350 percent,” Wicks said.
Handy of Washington Trust said: “We’re proud of our 218-year legacy and the strong foundation that we’ve built over all of those years.
“While technological advances and new product designs are critical in meeting our customers’ ever-changing needs,” he added, “it’s the 600 people we work with every day who deliver those advances when needed and as needed, with dignity and respect, that builds rapport with our customers.”
Scott Blake is a PBN staff writer. Email him at Blake@pbn.com.
