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Washington Trust Announces Financial Literacy Initiative

April 26, 2022

Multi-Year Funding and Free Tools for Schools and Community Groups

Westerly, RI -- Washington Trust today announced a new Financial Literacy Initiative designed to provide individuals, families, businesses, and nonprofit organizations with the money management tools and resources they need to achieve economic empowerment. The Initiative has three components: $165,000 in multi-year funding to support literacy programs at the United Way of Rhode Island, Entrepreneurship for All Rhode Island (EforAll), and Amos House; a free web-based financial literacy program available to local schools and community groups; and a new Financial Wellness Center on the company’s website.

“We believe financial literacy is critical in helping consumers, businesses and nonprofits become more money-wise, confident, and economically-empowered,” stated Edward O. “Ned” Handy, Chairman & CEO. “For more than 221 years Washington Trust has been committed to providing funding and support to ensure our local economies thrive and we believe these programs are an investment in our future.”

The first component of the Bank’s Financial Literacy Initiative is a $165,000 multi-year commitment, from the Washington Trust Charitable Foundation, to three Rhode Island-based nonprofit organizations:

The second component of the Bank’s Financial Literacy Initiative is a web-based curriculum offered free-of-charge to schools and community groups through the Bank’s partnership with Banzai, Inc. Washington Trust has committed to working with 28 middle schools and high schools throughout Rhode Island to offer teachers and students free, unlimited access to web-based modules and physical workbooks that cover important financial literacy topics.

The third component of the Bank’s Financial Literacy Initiative is a new Financial Wellness Center which is housed on the Bank’s website and contains articles, calculators, security and money management tips, as well as web-based learning tools and other resources. The site provides information on key topics such as household budgeting, managing debt, and buying a home. The Financial Wellness Assessment helps consumers analyze their spending, budgeting, and saving habits so they can set goals and improve their personal money management.


Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH).

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