Westerly, Rhode Island... Washington Trust's Commercial & Industrial Lending Group has provided $805,000 in permanent financing to Washington County Turf Farms, Inc., a 100-acre farm in South Kingstown, R.I., that has been providing stripping, grading and complete sod installations for both commercial and residential properties since 1970.
"Washington County Turf Farms has a proven record of thriving despite the difficult economy," said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer. "Their business is a true Rhode Island business success story."
Washington Trust's Commercial & Industrial Lending Group offers working capital, acquisition, and equipment financing as well as owner occupied real estate financing. The Group also offers a full-range of cash management products and services. For more information, contact John W. Kennedy, vice president, Commercial Lending, toll-free at 800-475-2265 x1680 or directly at 401-348-1680.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 commercial banking, small 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.