Company News, Commercial Banking

Washington Trust Awarded the Propark Mobility Commercial Banking Relationship

February 16, 2022

Hartford, Conn. - The Washington Trust Company recently provided commercial financing to Propark Mobility, one of the country's largest privately-owned parking companies, providing full-service parking and mobility services for over 600 hospitality, healthcare, commercial, and off-airport locations, in over 101 cities and 18 states across the United States.

In addition to providing a well-structured credit package to support Propark Mobility’s current and future financing requirements, Washington Trust also assumed the role as the company’s primary deposit and cash management provider. “We are excited to be the banking partner for Propark Mobility to help them reach their strategic vision,” said Thomas Pizzo, Vice President and Market Leader, Washington Trust. “We look forward to growing our relationship with the company and being a true part of their evolution.”

“Working with Washington Trust has been refreshing,” said David Schmid, Chief Investment Officer, Propark Mobility, “They have the sophistication of a large regional or national bank, but the personal touch of a community bank. It really is the best of both worlds being partnered with Washington Trust.”

Washington Trust’s commercial banking group offers a full line of commercial, industrial, and real estate lending and cash management services to leading companies, real estate developers, not-for-profits and municipalities throughout the Northeast. For more information, contact Thomas Pizzo, Vice President and Market Leader, Washington Trust Commercial Banking Group, at 860-993-4876.


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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