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Washington Trust Newsroom

Washington Trust Hires Sherry Fonseca as Mortgage Company Vice President and Regional Manager

February 26, 2016 - The Washington Trust Company announced that Sherry A. Fonseca, of Cumberland, RI, has been hired as Vice President and Regional Manager of the Washington Trust Mortgage Company in the Newton/Wellesley area of Massachusetts. In her position, Fonseca will work closely with a network of real estate, financial, and building professionals to assist homeowners in all aspects of the home-buying process, from application to closing.

Washington Trust Provides $2.1 Million in Financing for Residential/Retail Conversion of Historic Building in Providence, RI

February 24, 2016 - Washington Trust’s Commercial Real Estate Group recently provided $2.1 million to HM Ventures Group 7, LLC, to finance the construction and residential/retail conversion of a historic, five-story building in the Downcity section of Providence, RI.

Washington Trust Provides $2.82 Million in Financing an Existing Rite Aid Pharmacy in Reading, MA

February 17, 2016 - Washington Trust’s Commercial Real Estate Group recently provided $2.82 million to AKM Corp. for the refinancing of an existing Rite Aid Pharmacy located in Reading, MA.

Washington Trust Provides Commercial Financing to Strategic Marketing & Promotions in Pearl River, NY

February 10, 2016 - The Washington Trust Company recently provided commercial financing to Strategic Marketing & Promotions, Inc., a full service marketing company headquartered in Pearl River, NY.

Washington Trust Provides $1 Million in Construction Financing for Subdivisions in Lisbon & Groton, CT

February 9, 2016 - Washington Trust’s Commercial Real Estate Group recently provided $1 million to Tucker Development Group, LLC for the construction financing of single-family homes in subdivisions located in Lisbon and Groton, CT.

Washington Trust Holds Ribbon Cutting for Newest Branch on the East Side of Providence, RI

February 4, 2016 - Washington Trust, the largest state-chartered bank headquartered in Rhode Island, kicked off the opening of its 21st branch at 229 Waterman Street on the historic East Side of Providence, Rhode Island with a ribbon-cutting on Wednesday, February 3rd. Washington Trust Chairman and CEO Joseph MarcAurele and President and COO Edward “Ned” Handy were joined by Providence Mayor Jorge Elorza, Rhode Island Lt. Governor Daniel McKee and Liz Tanner, VP of Client Services for the Rhode Island Commerce Corporation who was there representing the office of Rhode Island Governor Gina Raimondo.

Washington Trust Provides $18.5 Million in Financing for Acquisition of 13-Property Portfolio in Clark, NJ

February 2, 2016 - Washington Trust’s Commercial Real Estate Group recently provided $15.4 million in financing to Clark Commercial Center, LLC for the acquisition of a 13-property portfolio located in Clark, NJ. An additional $3.15 million in construction financing has also been reserved for capital and tenant improvements to the properties.

Media Inquiries Contact
Elizabeth B. Eckel, SVP Marketing
23 Broad Street
Westerly, RI 02891
(401) 348-1309