Washington Trust reports $17.5M Q2 profit

WASHINGTON TRUST CO. posted a $17.5 million profit in the second quarter of 2021. / PBN FILE PHOTO/SCOTT KINGSLEY
WESTERLY – While the real estate market remains as hot as ever, mortgage profits have diminished for Washington Trust Bancorp Inc., which saw its quarterly mortgage banking revenue cut by more than half compared to a year ago, the company reported on Wednesday. The loss of mortgage banking revenue contributed to the overall 17% decline…

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