Washington Trust's Commercial Lending Group recently provided financing to G. DiCostanzo, Inc. a/k/a Flagship Trailways Bus Lines, of Cranston, R.I., for the purchase of a new coach bus for their business. This new addition to their fleet will allow further expansion opportunities into the Northeast market.
Flagship Trailways Bus Lines, a safe and economical bus service for more than 25 years, is owned by Thomas McCaughey. The company provides first class charter bus services to the entire Northeast, New York, Canada and, through their Trailways affiliation, service to the rest of the continental United States.
"Flagship Bus Lines has been providing bus services to the Northeast for many years," said Joseph J. MarcAurele, president and chief operating officer, Washington Trust. "We wish them continued success as they continually expand their market area."
Washington Trust's Commercial Lending Group offers a full venue of credit and cash management products. For more information, contact Joseph M. Confessore, vice president and team leader, C & I Commercial Lending Group in Warwick, R.I., at 401-348-1439.
The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., a $2.8 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 Global Select® Stock Market under the symbol WASH. Web site address: www.washtrust.com.