WashTrust sets profit record in 3Q as assets pass $4B for 1st time

Washington Trust Bancorp set records for profit, assets and wealth management assets in the 2016 third quarter.
Washington Trust Bancorp set records for profit, assets and wealth management assets in the 2016 third quarter.
WESTERLY – Washington Trust Bancorp Inc. on Monday reported record-breaking, third-quarter profit, which grew 20.8 percent to $12.3 million, or 72 cents per diluted share, while the company exceeded $4 billion in assets for the first time in its history. “Our third-quarter results reflect the strength and diversity of our business model, as we generated…

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