| Business Summary | | Washington
Trust
Bancorp,
Inc.
is
a
registered
bank
holding
company
whose
subsidiaries
are
permitted
to
engage
in
banking
and
other
financial
services
and
businesses.
The
Company
conducts
its
business
through
its
wholly
owned
subsidiary,
The
Washington
Trust
Company
(the
Bank),
a
chartered
commercial
bank.
The
Bank's
market
area
includes
Washington
County
and
a
portion
of
Kent
County
in
southern
Rhode
Island,
as
well
as
a
portion
of
New
London
County
in
southeastern
Connecticut.
The
Bank
operates
13
banking
offices
in
these
counties.
At
December
31,
2000,
the
Company
had
total
assets
of
$1.218
billion,
total
deposits
of
$735.7
million
and
total
shareholders'
equity
of
$89.2
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WASH
is
a
holding
company
for
The
Washington
Trust
Company,
a
Rhode
Island
chartered
commercial
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
9%
to
$44.5
million.
Net
interest
income
after
loan
loss
prov.
rose
4%
to
$18.5
million.
Net
income
fell
32%
to
$4
million.
Net
interest
income
reflects
increased
interest
earning
assets,
partially
offset
by
higher
interest
on
time
deposits.
Net
income
was
offset
by
a
$4.8
million
litigation
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| John Warren, 54 Chairman,
CEO | $404K | -- | John Treanor, 52 Pres,
COO, Director | 216K | -- | David Devault, 45 Exec.
VP, Treasurer and CFO | 198K | -- | Harvey Perry II, 50 Sr.
VP and Sec. | 150K | $55K | Stephen Bessette, 52 Sr.
VP - Retail Lending, of the Bank | -- | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|