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MEDIA CONTACT: Elizabeth B. Eckel, Senior Vice President, Marketing
TELEPHONE: 401-348-1309
EMAIL: ebeckel@washtrust.com
DATE: July 16, 2012

Washington Trust Appoints EVP Commercial Lending & Chief Credit Officer


Westerly, Rhode Island... Washington Trust today announced that James M. Hagerty, of Warwick, R.I., has been appointed Executive Vice President Commercial Lending and Chief Lending Officer, replacing James M. Vesey who retired at the end of June after a 40-year Rhode Island banking career. Hagerty will oversee all commercial banking activities including commercial and industrial lending, commercial real estate lending, cash management and related commercial banking activities. His office is located at Washington Trust’s Main Office in Westerly, R.I.

Prior to joining Washington Trust, Hagerty served as the Rhode Island Regional Manager at RBS Citizens, where he was responsible for managing middle market and not-for-profit business in Rhode Island. In addition, Hagerty also more than 13 years of commercial lending experience with BankBoston with specialization in healthcare, energy, public finance and education. Prior to his banking career, Hagerty served as Finance Director for the City of Warwick.

A graduate of Providence College, Hagerty holds a Bachelor of Science in Accounting and a Masters of Business Administration from the University of Rhode Island. He is also a member of the American Institute of Certified Public Accountants and the Rhode Island Society of Certified Public Accountants.

Hagerty serves on the boards of the Rhode Island Clean Water Finance Agency, the Boys and Girls Club of Warwick, the Rhode Island Public Health Institute and Amos House. Additionally, he serves on the Finance Committee of the Providence Public Library, Care New England, and Saint Rose and Clement Parish, as well as the Executive Committee of the Anchor of Hope Fund.

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