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Washington Trust Newsroom

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Washington Trust To Host Free Community Shred Day at Various Branches Across Rhode Island and Connecticut

March 26, 2018 – The Washington Trust Company will hold a free Community Shred Day at eight of its branches across Rhode Island and one in Connecticut from 10 a.m. to 1 p.m. on Saturday, April 7, 2018.

Washington Trust Provides $19.6 Million in Financing for the Construction of a Class-A Apartment Complex in East Providence, RI

March 21, 2018 – Washington Trust’s Commercial Real Estate Group recently provided $19.6 million in financing to Kettle Point Apartments, LLC, for the construction of a 134 unit, Class-A apartment complex in East Providence, Rhode Island.

Washington Trust Offers Assistance to Homebuyers Through FHLB Boston Program

March 19, 2018 – The Washington Trust Company and its subsidiary, the Washington Trust Mortgage Company, have been selected to participate in the Federal Home Loan Bank of Boston’s Equity Builder Program, which assists local homebuyers with down-payment and closing costs as well as homebuyer counseling and rehabilitation assistance.

Washington Trust Provides $6.6 Million in Financing for Multi-Tenant Commercial Property in Trumbull, CT

March 19, 2018 – Washington Trust’s Commercial Real Estate Group recently provided $6.6 million to CH Commerce Drive Associates, LLC, and City Park Commerce Drive, LLC, for the refinancing and tenant improvements of a multi-tenant office/industrial property in Trumbull, Connecticut.
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Washington Trust Completes Executive Leadership Transition

March 6, 2018 – Washington Trust has completed its previously announced executive leadership transition.

Washington Trust Provides $7.4 Million in Financing for Waterchase Shopping Center in Rocky Hill, CT

February 21, 2018 – Washington Trust’s Commercial Real Estate Group recently provided $7.4 million in financing to Woodgreen Rocky Hill, LLC, for the refinancing of a mixed-use property known as Waterchase Center in Rocky Hill, Connecticut.

Washington Trust Provides $19.1 Million in Commercial Financing for 50-Unit Memory Care Facility in Newton, MA

February 16, 2018 – The Washington Trust Company recently provided $19.1 million in commercial financing to BSL Newton Development, LLC, and BSL Newton OpCo, LLC, for the construction of a 50-unit memory care facility in Newton, Massachusetts.

Washington Trust Executives Assume New Leadership Roles

January 31, 2018 - Washington Trust Bancorp, Inc., today announced that Ronald S. Ohsberg has assumed the role of Chief Financial Officer of the Corporation and the Bank, effective immediately with the previously announced retirement of David V. Devault, who served as Washington Trust’s Vice Chair, Secretary and Chief Financial Officer.

Washington Trust Announces Employee Compensation Enhancements

January 16, 2018 -Washington Trust Bancorp, Inc., parent of The Washington Trust Company, today announced that as a result of the anticipated reduction in corporate taxes from the Tax Cuts and Jobs Act, the Corporation will invest in its employees with special compensation enhancements implemented in January 2018.

Washington Trust Provides $16.5 Million in Financing for SoNo Pearl Luxury Apartment Building in Norwalk, CT

December 13, 2017 - Washington Trust’s Commercial Real Estate Group recently provided $16.5 million to TR Washington, LLC, for the refinancing of a luxury multifamily apartment building in Norwalk, Connecticut.

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