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- American Banker Names Washington Trust One of the Nation’s Best Banks to Work For
September 5, 2019 - The Washington Trust Company was recently named one of the nation’s Best Banks to Work For by American Banker magazine as part of its annual list organized by the Best Companies Group. - Washington Trust Promotes Daniel Orovitz to Vice President of the Bank’s Cash Management Division
October 11, 2019 - The Washington Trust Company is pleased to announce that Daniel Orovitz has been promoted to Vice President for the Company’s Cash Management division. In his new role, Orovitz will focus on business development and help business customers achieve efficiencies in receivables, payables and treasury management. Washington Trust’s Cash Management division also provides fraud protection services to help minimize risk to organizations and safeguard accounts against potential fraud. - Washington Trust Helps Fight Hunger in Southern New England
December 1, 2019 - Each year during the holiday season, The Washington Trust Charitable Foundation presents $500 checks to food pantries located across the Southern New England communities in which the bank serves. This year, 19 checks were distributed, totaling $9,500 in donations. - Washington Trust Presents 2019 Team Leadership Award
December 2, 2019 - On Thursday, November 28th, The Washington Trust Company presented the 2019 “Washington Trust Team Leadership Award” to Antonio Reale of Stonington High School and Rocco Cillino of Westerly High School as part of the annual Westerly High School vs. Stonington High School Thanksgiving Day football game. The annual “Washington Trust Team Leadership Award” celebrates those students who are dedicated to their teammates, continually possess and maintain a positive attitude, and exhibit team spirit. Reale and Cillino were selected by their coaches for serving as positive role models, loyal sportsmen, and leaders on their respective teams and in their community. - Washington Trust Provides $15.4 Million in Commercial Financing for Acquisition of Office Building in Norwood, MA
December 6, 2019 - Washington Trust’s Commercial Real Estate Group provided $15.4 million to a Massachusetts based developer for the acquisition of a 130,000 square-foot office building in Norwood, Massachusetts. Located at the intersection of Route 1 and University Avenue in Norwood, the property includes 24 acres of land across three continuous parcels. The building, constructed in 1980, spans the property and contains 132,457 square-feet of office space as well as an onsite café and gym. - Washington Trust Provides $13.9 Million to Storrs Property Group/ Willington Property Group for Renovation of UConn Off-campus Housing
December 11, 2019 - Washington Trust’s Commercial Real Estate Group recently provided $13.9 million to Storrs Property Group/ Willington Property Group LLCs, for financing and the renovation of two student apartment complexes near the UConn Storrs Campus. - Washington Trust Provides $5.7 Million to Lexmar Realty, LLC for Construction of Office Headquarters
Milford, CT - December 13, 2019 - Washington Trust’s Commercial Real Estate Group recently provided $5.7 million to Lexmar Realty, LLC, for the construction and permanent financing of a new 23,293 square foot office building at 100 Plains Road in Milford. This new location benefits from its I-95 frontage and is about 15 miles southwest of New Haven Central Business District and about 30 miles northwest of the Stamford Central Business District. - Washington Trust Provides $10 Million to Berkeley Partners for Marlborough Industrial Building
January 3, 2020 - Washington Trust’s Commercial Real Estate Group recently provided $10 million to an affiliate of Berkeley Partners, for financing of a 144,784 square foot industrial building in Marlborough. - Washington Trust Provides $4.2 Million to Woodgreen Shelton, LLC for Class B Office Building
January 15, 2020 - Washington Trust’s Commercial Real Estate Group recently provided $4.2 million to Woodgreen Shelton, LLC, for financing of a 46,000 square foot Class B office building in Shelton. - Lyme Academy Apartments, LLC Receives $2.4 Million in Financing from Washington Trust to Appeal to New Audience
<p><strong>Old Lyme, CT- </strong>January 28, 2020 - Washington Trust’s Commercial Real Estate Group recently provided $2.4 million to Lyme Academy Apartments, LLC, for renovations and permanent financing of a 12-unit apartment complex at 77 Lyme St., Old Lyme. The apartments will no longer be rented to Old Lyme Academy students, and will appeal to working professionals, families, and retirees looking to downsize. </p>
