WashTrust completes Halsey Associates purchase

WASHINGTON TRUST BANCORP on Thursday announced the completion of the acquisition of New Haven, Conn.-based wealth manager Halsey Associates for $7.1 in cash and stock, along with expected future payouts of roughly $3 million.
WASHINGTON TRUST BANCORP on Thursday announced the completion of the acquisition of New Haven, Conn.-based wealth manager Halsey Associates for $7.1 in cash and stock, along with expected future payouts of roughly $3 million.
WESTERLY – Washington Trust Bancorp Inc., parent of Washington Trust Co., paid $7.1 million to complete the acquisition of Halsey Associates Inc., increasing the bank’s wealth management assets by 15 percent. The company announced the finalized acquisition of the New Haven, Conn.-based investment adviser firm on Wednesday, which included a payment of $1.7 million in…

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