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WASH - Washington Trust Bancorp, Inc. ()

Overview

Company Summary


Washington Trust Bancorp, Inc. (WASH) is a financial holding company based in Rhode Island, United States. It operates through its subsidiary, The Washington Trust Company, which is the largest independent bank in the state.

As a bank holding company, Washington Trust Bancorp provides a range of financial services to individuals and businesses. These services primarily include commercial banking, residential and commercial lending, treasury management, and trust and wealth management.

In terms of commercial banking, the company offers various products and services such as deposit accounts, cash management solutions, online banking, merchant services, and international trade financing. It provides lending solutions to businesses for their working capital needs, equipment financing, commercial real estate development, and construction, among other purposes.

The residential and commercial lending division of Washington Trust Bancorp provides loans to individuals and businesses for home purchases, refinancing existing mortgages, construction financing, and commercial real estate transactions. The company has a strong presence in the real estate market, providing competitive loan options to support homeownership and property development.

Additionally, Washington Trust Bancorp operates a trust and wealth management business, catering to individuals, families, and institutional clients. Its wealth management services include investment management, financial planning, estate administration, retirement planning, and charitable giving solutions. The company focuses on developing customized strategies to help clients achieve their financial goals and preserve their wealth.

Overall, Washington Trust Bancorp, Inc. operates as a full-service financial institution, offering a comprehensive suite of banking, lending, and wealth management solutions to individuals and businesses in Rhode Island and nearby regions.

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