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Home > Company Index > Banking > Banking - Northeast > Washington Trust Bancorp, Inc.

Washington Trust Bancorp, Inc.
Nasdaq: WASH
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 PROFILE
Without seeming naive, Washington Trust Bancorp can utter "Washington" and "trust" in the same breath. The company owns The Washington Trust Company, Rhode Island's oldest bank (founded in 1800). Washington Trust operates about a dozen branches in the southern part of that state (including the only bank outlet on Block Island) and southeastern Connecticut. Residential mortgages account for about 40% of the bank's loan portfolio. Washington Trust also offers commercial mortgages, as well as business, consumer, and construction loans. Its deposit instruments include checking, money market, and savings accounts; CDs; and IRAs. The bank also offers trust and investment management services.

 COMPETITION
Bancorp Rhode Island, Inc. (BARI)
FleetBoston Financial Corporation (FBF)
People's Bank (PBCT)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 104.80
1-Yr. Sales Growth: 18.6%
Employees: 370
Revenue per employee: $283,243.24

 KEY PEOPLE
• John C. Warren
    CEO
• David V. Devault
    CFO

 CONTACT INFO
23 Broad St.
Westerly, RI 02891
US
Phone: 401-348-1200
Fax: 401-348-1407
Online: Web Site

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