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Washington Trust Company Snapshot
Without seeming naive, Washington Trust Bancorp can utter "Washington" and "trust" in the same breath. The firm owns The Washington Trust Company, one of the oldest banks in Rhode Island. Chartered in 1800, the bank operates more than15 branches in the state, as well as in southeastern Connecticut. It was originally chartered in 1800. The bank offers standard services such as checking, money market, and savings accounts; CDs; and credit cards. Residential mortgages comprise the largest portion of its loan portfolio, followed by commercial mortgages and other loans collateralized by real estate. The bank also offers wealth management services, which account for more than a fifth of Washington Trust Bancorp's income.
