Washington Trust lends $805,000 to 40-year-old S.K turf farm

WESTERLY – The Washington Trust Co.’s commercial and industrial lending group recently provided $805,000 in financing to Washington County Turf Farms Inc., a 100-acre farm in South Kingstown that has been providing stripping, grading and complete sod installations for both commercial and residential properties since 1970.
“Washington County Turf Farms has a proven record of thriving despite the difficult economy,” said Joseph J. MarcAurele, Washington Trust chairman, president and CEO. “Their business is a true Rhode Island business success story.”
The farm, at 3738 South County Trail in the West Kingston section of South Kingstown, is owned by Darrell H. Bouchard.
Washington Trust’s Commercial & Industrial Lending Group provides working capital, acquisition and equipment financing as well as owner-occupied real estate financing. The group also offers a full-range of cash management products and services.
Washington Trust Bancorp Inc. (Nasdaq: WASH) is the parent of The Washington Trust Co., a Rhode Island-chartered bank founded in 1800 that has offices in Rhode Island, Massachusetts and southeastern Connecticut. Additional information is available at www.WashTrust.com.