Damon J. Palagi, of Narragansett, R.I., has joined Washington Trust as vice president, branch manager, of the Bank's Centerville Road Branch in Warwick. He is responsible for the day to day management of the branch, with primary focus on business development, retention, joint calling with business partners, and maintaining Washington Trust's active role in the community.
Palagi has more than 10 years of experience in the banking and finance industry, including previous positions in retail branch management, investment sales and service and most recently as a treasury services officer. He has a bachelor's degree from the University of Rhode Island, and is Six Sigma Green Belt Certified. Palagi is a member of the East Greenwich and Central Rhode Island Chambers of Commerce, and is a coach for Fairlawn Little League in Pawtucket.
The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., a $2.9 billion corporation headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is the oldest community bank in the nation and is the largest independent bank headquartered in Rhode Island. A state-chartered bank, Washington Trust offers a full range of financial services, including business banking, personal banking, and wealth management and trust services, through its offices located in Rhode Island, southeastern Connecticut and Massachusetts. The Corporation's common stock trades on The NASDAQ Stock Market under the symbol WASH. Web site address: www.washtrust.com.