Washington Trust reports record in-market deposits as 1st quarter earnings decline

By
-
WASHINGTON TRUST BANCORP INC. posted profits of $16.5 million in the first quarter of 2022 and a record amount of in-market deposits. / PBN FILE PHOTO/SCOTT KINGSLEY
WASHINGTON TRUST BANCORP INC. posted profits of $16.5 million in the first quarter of 2022 and a record amount of in-market deposits. / PBN FILE PHOTO/SCOTT KINGSLEY
WESTERLY – Washington Trust Bancorp Inc. continues to stake its claim in the Rhode Island market, boasting a quarterly record of $4.7 billion in-market deposits for the first quarter of 2022, the company reported on Monday. Despite the 17.7% growth of in-market deposits from a year ago, the Washington Trust Co. parent company saw its…

Thanks for reading Providence Business News. Create your free account or log in to continue reading.


Register Now Already a Subscriber? Login now


 

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

- Advertisement -

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

RELATED ARTICLESMORE FROM AUTHOR

No posts to display